CSX (NASDAQ:CSX) PT Raised to $45.00 at Susquehanna Bancshares

CSX (NASDAQ:CSXGet Rating) had its price target upped by Susquehanna Bancshares from $44.00 to $45.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. Susquehanna Bancshares currently has a positive rating on the transportation company’s stock.

A number of other brokerages have also recently weighed in on CSX. Stephens dropped their price objective on CSX from $43.00 to $41.00 and set an overweight rating for the company in a research note on Friday, January 21st. Citigroup boosted their target price on CSX from $42.00 to $45.00 in a research note on Wednesday, January 5th. Wells Fargo & Company lowered their target price on CSX from $41.00 to $37.00 and set an equal weight rating for the company in a research note on Friday, January 21st. TD Securities cut CSX from a buy rating to a hold rating and lowered their target price for the stock from $41.00 to $38.00 in a research note on Monday, April 18th. Finally, Cowen boosted their target price on CSX from $35.00 to $38.00 and gave the stock a market perform rating in a research note on Friday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CSX currently has an average rating of Buy and a consensus price target of $38.91.

CSX stock opened at $34.52 on Thursday. CSX has a 52-week low of $29.49 and a 52-week high of $38.63. The company has a quick ratio of 1.58, a current ratio of 1.73 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average of $35.35 and a two-hundred day moving average of $35.40. The stock has a market cap of $75.20 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23.

CSX (NASDAQ:CSXGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The transportation company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. CSX had a return on equity of 26.34% and a net margin of 30.19%. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was up 21.3% on a year-over-year basis. As a group, sell-side analysts anticipate that CSX will post 1.78 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 28th were issued a $0.10 dividend. The ex-dividend date was Friday, February 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost from CSX’s previous quarterly dividend of $0.09. CSX’s dividend payout ratio is currently 23.81%.

A number of hedge funds have recently bought and sold shares of CSX. GWM Advisors LLC lifted its stake in CSX by 11.0% in the 3rd quarter. GWM Advisors LLC now owns 47,885 shares of the transportation company’s stock valued at $1,424,000 after buying an additional 4,755 shares in the last quarter. Nordea Investment Management AB lifted its stake in CSX by 114.9% in the 3rd quarter. Nordea Investment Management AB now owns 3,616,320 shares of the transportation company’s stock valued at $109,682,000 after buying an additional 1,933,369 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of CSX during the 3rd quarter worth $278,000. AE Wealth Management LLC lifted its stake in shares of CSX by 6.9% during the 3rd quarter. AE Wealth Management LLC now owns 80,446 shares of the transportation company’s stock worth $2,392,000 after purchasing an additional 5,163 shares during the period. Finally, Valeo Financial Advisors LLC lifted its stake in shares of CSX by 37.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 30,703 shares of the transportation company’s stock worth $913,000 after purchasing an additional 8,440 shares during the period. 73.22% of the stock is currently owned by hedge funds and other institutional investors.

About CSX (Get Rating)

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, automotive, minerals, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.

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