CSX (NASDAQ:CSX) PT Lowered to $75.00 at UBS Group

CSX (NASDAQ:CSX) had its price target cut by UBS Group from $81.00 to $75.00 in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the transportation company’s stock.

Several other equities analysts have also recently commented on the stock. Cascend Securities cut shares of CSX from a buy rating to a hold rating in a report on Wednesday, July 17th. Raymond James lowered their price target on shares of CSX from $84.00 to $81.00 and set an outperform rating on the stock in a report on Wednesday, July 17th. BidaskClub upgraded shares of CSX from a sell rating to a hold rating in a report on Thursday, September 12th. Credit Suisse Group lowered their price target on shares of CSX from $92.00 to $86.00 and set an outperform rating on the stock in a report on Wednesday, July 17th. Finally, Loop Capital cut shares of CSX from a buy rating to a hold rating and lowered their price target for the company from $85.00 to $81.00 in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $77.87.

Shares of NASDAQ:CSX opened at $68.62 on Tuesday. The company’s fifty day moving average is $67.20 and its two-hundred day moving average is $73.70. The company has a quick ratio of 1.44, a current ratio of 1.55 and a debt-to-equity ratio of 1.26. CSX has a 12-month low of $58.47 and a 12-month high of $80.73. The company has a market cap of $56.79 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23.



CSX (NASDAQ:CSX) last announced its earnings results on Tuesday, July 16th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.03). CSX had a net margin of 27.87% and a return on equity of 26.96%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the firm earned $1.01 earnings per share. CSX’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that CSX will post 4.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, August 29th. CSX’s dividend payout ratio is 25.00%.

Institutional investors have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC acquired a new position in CSX during the 2nd quarter worth $25,000. SRS Capital Advisors Inc. acquired a new position in CSX during the 2nd quarter worth $32,000. Kavar Capital Partners LLC acquired a new position in CSX during the 2nd quarter worth $35,000. FNY Investment Advisers LLC acquired a new position in CSX during the 2nd quarter worth $36,000. Finally, IMA Wealth Inc. acquired a new position in CSX during the 1st quarter worth $35,000. 75.72% of the stock is owned by hedge funds and other institutional investors.

CSX Company Profile

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

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Analyst Recommendations for CSX (NASDAQ:CSX)

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