CSX Corporation (CSX) Receives $53.70 Average PT from Analysts

Prudential Public Limited Company holds 0% of its portfolio in CSX Corporation (NASDAQ:CSX) for 5,583 shares. The company's efforts to drive bottom-line growth through cost-cutting measures are also impressive. 64,700 are owned by Oakbrook Investments Ltd Company. "However, headwinds like foreign exchange related risks and excessive competition continue to bother us".

Other equities analysts also recently issued research reports about the stock. BidaskClub lowered shares of CSX Corporation from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 19th. The stock of CSX Corporation (NASDAQ:CSX) earned "Buy" rating by Buckingham Research on Friday, October 9. Zacks Investment Research upgraded shares of CSX Corporation from a "hold" rating to a "buy" rating and set a $61.00 target price on the stock in a research note on Tuesday, July 11th. Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of CSX a research report on Friday, October 14th. Stifel Nicolaus reiterated a "hold" rating on shares of CSX Corporation in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. The company now has an average rating of "Buy" and an average target price of $56.76.

Shares of CSX Corp.

CSX Corporation (CSX) traded down $0.16 during trading hours on Tuesday, hitting $51.15. The company has a market capitalization of $34.08 billion, a price-to-earnings ratio of 20.248 and a beta of 1.17.

CSX Corporation (NasdaqGS:CSX) now has a 10 year dividend growth rate of 15.49%.

Looking at some ROIC (Return on Invested Capital) numbers, CSX Corporation (NasdaqGS:CSX)'s ROIC Quality Score is 15.606681.

CSX Corporation (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, October 17th. A month ago, analyst EPS consensus estimated earnings of US$0.57 per share. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the firm posted $0.48 EPS. With the constructive P/E value of CSX Corporation, the investors are able to forecast the positive earnings growth of the company.

COPYRIGHT: This article was originally reported by Us and is the propert of of Us. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and global copyright law. The original version of this article can be accessed at csx-corp-csx-downgraded-by-zacks-investment-research-to-hold/1221017/. Stockholders of record on Wednesday, November 30th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.55%.

CSX Corporation (NasdaqGS:CSX) has a Price to Book ratio of 4.111191. The stock has "Outperform" rating by RBC Capital Markets on Thursday, January 14. About 899,416 shares traded. The sale was disclosed in a filing with the SEC, which is accessible through this link. The stock rose 0.19% or $0.07 reaching $36.12. The stock was sold at an average price of $30.97, for a total transaction of $9,291,000.00. This buyback authorization permits the transportation company to repurchase up to 1% of its stock through open market purchases. The disclosure for this sale can be found here.

Other large investors have also recently modified their holdings of the company. Finally, Madden Advisory Services Inc. acquired a new position in shares of CSX Corporation during the 1st quarter worth $155,000. Marco Investment Management LLC now owns 8,410 shares of the company's stock valued at $257,000 after buying an additional 22 shares during the last quarter. The Pennsylvania-based Guyasuta Inv Inc has invested 0.03% in CSX Corporation (NASDAQ:CSX). Parallel Advisors LLC now owns 2,194 shares of the transportation company's stock worth $108,000 after purchasing an additional 285 shares during the last quarter. It increased, as 58 investors sold CSX shares while 339 reduced holdings. Tocqueville Asset Management L.P. now owns 77,038 shares of the transportation company's stock valued at $4,180,000 after purchasing an additional 1,420 shares during the period. The Bluecrest Capital Management Ltd holds 24,941 shares with $1.36M value, down from 46,670 last quarter. The ratio is calculated by dividing the stock price per share by the book value per share. Finally, Municipal Employees Retirement System of MI boosted its position in shares of CSX 0.3% in the third quarter. Institutional investors and hedge funds own 71.06% of the company's stock. The Return on Assets for CSX Corporation (NasdaqGS:CSX) is 0.051556. The Firm provides rail 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. The Firm categorizes its products into three primary lines of business: merchandise, intermodal and coal.

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