By otakuyassine3@gmail.com 
CSX Co. (NASDAQ:CSX – Free Report) – Stock analysts at Zacks Research increased their FY2027 earnings per share estimates for shares of CSX in a research report issued to clients and investors on Friday, April 4th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of $2.13 per share for the year, up from their prior estimate of $2.12. The consensus estimate for CSX’s current full-year earnings is $1.83 per share.
A number of other equities analysts have also issued reports on CSX. Benchmark reaffirmed a “buy” rating and set a $38.00 price target on shares of CSX in a research note on Monday, January 27th. UBS Group decreased their target price on CSX from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Citigroup dropped their price target on shares of CSX from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. cut their price target on shares of CSX from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Royal Bank of Canada lowered their price objective on shares of CSX from $34.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus target price of $36.20.
CSX Stock Down 2.8 %
CSX stock opened at $27.21 on Monday. The firm’s 50-day moving average is $31.32 and its two-hundred day moving average is $33.02. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $51.28 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. CSX has a 52 week low of $26.95 and a 52 week high of $37.10.
CSX (NASDAQ:CSX – Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). CSX had a net margin of 23.95% and a return on equity of 28.15%.
Institutional Trading of CSX
Institutional investors have recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of CSX during the 4th quarter valued at about $27,000. Accredited Wealth Management LLC acquired a new stake in CSX during the fourth quarter valued at approximately $29,000. Fourth Dimension Wealth LLC bought a new stake in shares of CSX in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of CSX in the 4th quarter worth approximately $31,000. Finally, Sierra Ocean LLC bought a new position in shares of CSX during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 73.57% of the company’s stock.
CSX Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from CSX’s previous quarterly dividend of $0.12. CSX’s dividend payout ratio (DPR) is presently 29.05%.
CSX Company Profile
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 also transports chemicals, agricultural and food products, minerals, automotive, 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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