Royal Bank of Canada reaffirmed their outperform rating on shares of CSX (NASDAQ:CSX) in a report released on Wednesday morning, The Fly reports.

A number of other research analysts also recently issued reports on CSX. Zacks Investment Research raised shares of CSX from a hold rating to a buy rating and set a $74.00 price objective on the stock in a research report on Tuesday, June 19th. BidaskClub downgraded shares of CSX from a buy rating to a hold rating in a research report on Saturday, June 23rd. Citigroup boosted their target price on shares of CSX from $67.00 to $75.00 and gave the stock a buy rating in a research report on Monday, June 25th. ValuEngine raised shares of CSX from a hold rating to a buy rating in a research report on Monday, July 2nd. Finally, Loop Capital raised shares of CSX from a hold rating to a buy rating and boosted their target price for the stock from $65.00 to $78.00 in a research report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $77.55.

Shares of CSX stock traded down $0.71 on Wednesday, reaching $67.94. The stock had a trading volume of 9,907,535 shares, compared to its average volume of 6,744,305. The company has a quick ratio of 1.48, a current ratio of 1.43 and a debt-to-equity ratio of 1.00. CSX has a 1 year low of $48.26 and a 1 year high of $76.24. The company has a market cap of $57.97 billion, a P/E ratio of 29.54, a PEG ratio of 1.36 and a beta of 1.24.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Tuesday, October 16th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. CSX had a net margin of 55.19% and a return on equity of 21.38%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts forecast that CSX will post 3.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, November 29th. CSX’s dividend payout ratio is presently 38.26%.

A number of hedge funds and other institutional investors have recently made changes to their positions in CSX. Egerton Capital UK LLP acquired a new stake in CSX during the 2nd quarter valued at approximately $440,710,000. AGF Investments Inc. acquired a new stake in CSX during the 2nd quarter valued at approximately $90,467,000. Royal London Asset Management Ltd. acquired a new stake in CSX during the 2nd quarter valued at approximately $50,849,000. Morgan Stanley lifted its stake in CSX by 13.6% during the 2nd quarter. Morgan Stanley now owns 6,340,678 shares of the transportation company’s stock valued at $404,409,000 after acquiring an additional 757,521 shares during the period. Finally, Millennium Management LLC lifted its stake in CSX by 13.3% during the 2nd quarter. Millennium Management LLC now owns 4,847,225 shares of the transportation company’s stock valued at $309,156,000 after acquiring an additional 569,310 shares during the period. Institutional investors and hedge funds own 74.82% of the company’s stock.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

See Also: Cash Flow Analysis in Stock Selection

The Fly

Analyst Recommendations for CSX (NASDAQ:CSX)

Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.