CSX Corporation (NASDAQ: CSX) has recently received a number of price target changes and ratings updates:

  • 8/11/2017 – CSX Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $65.00 price target on the stock.
  • 8/10/2017 – CSX Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/2/2017 – CSX Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 7/31/2017 – CSX Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – CSX Corporation had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $54.00 price target on the stock.
  • 7/25/2017 – CSX Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/24/2017 – CSX Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $57.00 price target on the stock, up previously from $50.00.
  • 7/22/2017 – CSX Corporation had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $44.00 price target on the stock.
  • 7/22/2017 – CSX Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $63.00 price target on the stock.
  • 7/22/2017 – CSX Corporation had its “hold” rating reaffirmed by analysts at Loop Capital. They now have a $54.00 price target on the stock, up previously from $52.00.
  • 7/21/2017 – CSX Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of CSX Corporation have performed well in the last one year, gaining 82%. The company has outperformed the industry it belongs to as well as fellow railroad operator Union Pacific in the period. While, the industry witnessed a gain of 28%, Union Pacific shares have rallied 17%. Ushering in further good news, CSX reported better-than-expected earnings per share and revenues in the second quarter of 2017. The company witnessed growth across nearly all markets, which can be attributed to coal-related gains, strength in core pricing and volume across markets, and increased fuel recovery. In fact, its efforts to control costs also raise optimism in the stock. However, the company’s third-quarter outlook on its automotive unit raises concerns. Going forward, sluggish auto production is likely to hurt results. The weak crude oil scenario is also remains a major concern.”
  • 7/20/2017 – CSX Corporation had its price target lowered by analysts at J P Morgan Chase & Co from $60.00 to $58.00. They now have an “overweight” rating on the stock.
  • 7/20/2017 – CSX Corporation had its price target lowered by analysts at TD Securities from $64.00 to $63.00. They now have a “buy” rating on the stock.
  • 7/19/2017 – CSX Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/14/2017 – CSX Corporation had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $65.00 price target on the stock.
  • 7/12/2017 – CSX Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $65.00 price target on the stock.
  • 7/11/2017 – CSX Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “Shares of CSX Corporation have performed very well over the last one year, outperforming the Zacks-categorized Transportation-Rail industry. The company has outperformed fellow railroad operator Union Pacific Corporation that saw its shares gaining 18.7% in the last one year.  CSX Corporation is benefiting from an improvement in the coal-related scenario, which has been aiding overall volume growth. The company's efforts to control costs are also impressive.  CSX Corporation's move to hike its quarterly dividend payout as well as approving a new buyback plan also raise optimism. CSX aims to report operating ratio in the mid-60s by the end of 2017.  We expect the company to perform well in the second quarter. Detailed results should be out on Jul 18. The company's high debt levels, however, raise concerns. “
  • 7/6/2017 – CSX Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/30/2017 – CSX Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus.

CSX Corporation (NASDAQ:CSX) traded up 1.254% during trading on Friday, hitting $50.465. 2,297,379 shares of the stock traded hands. CSX Corporation has a 52-week low of $27.82 and a 52-week high of $55.48. The stock has a market cap of $46.09 billion, a P/E ratio of 26.394 and a beta of 1.30. The stock has a 50 day moving average price of $52.29 and a 200-day moving average price of $50.19.

CSX Corporation (NASDAQ:CSX) last released its quarterly earnings results on Tuesday, July 18th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. CSX Corporation had a net margin of 15.46% and a return on equity of 16.93%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts anticipate that CSX Corporation will post $2.30 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.80 dividend on an annualized basis and a yield of 1.61%. CSX Corporation’s dividend payout ratio is currently 41.88%.

In related news, Director Ridge Lp Mantle purchased 1,357,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were purchased at an average price of $51.59 per share, with a total value of $70,007,630.00. Following the purchase, the director now owns 106 shares of the company’s stock, valued at $5,468.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.79% of the stock is currently owned by company insiders.

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.

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