CSX (NASDAQ:CSX) Earns Neutral Rating from Analysts at Goldman Sachs Group

Goldman Sachs Group began coverage on shares of CSX (NASDAQ:CSX) in a research note issued to investors on Wednesday, The Fly reports. The firm issued a neutral rating and a $86.00 price target on the transportation company’s stock.

A number of other equities analysts also recently commented on CSX. UBS Group restated a buy rating on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research note on Friday, April 5th. Stifel Nicolaus set a $80.00 target price on CSX and gave the company a hold rating in a research note on Wednesday, April 17th. Raymond James set a $8.00 target price on Superior Energy Services and gave the company a buy rating in a research note on Wednesday, April 17th. Susquehanna Bancshares restated a neutral rating on shares of CSX in a research note on Wednesday, April 3rd. Finally, Citigroup set a $20.00 target price on Compania de Minas Buenaventura SAA and gave the company a buy rating in a research note on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. CSX presently has an average rating of Hold and a consensus target price of $79.18.

Shares of CSX stock opened at $78.58 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.68 and a current ratio of 1.81. The company has a 50 day moving average of $77.10. CSX has a 52 week low of $58.47 and a 52 week high of $80.73. The firm has a market capitalization of $63.58 billion, a P/E ratio of 19.21, a P/E/G ratio of 1.38 and a beta of 1.22.

CSX (NASDAQ:CSX) last issued its earnings results on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.11. CSX had a return on equity of 26.13% and a net margin of 27.84%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. CSX’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, analysts anticipate that CSX will post 4.3 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. CSX’s dividend payout ratio is presently 25.00%.

In other news, VP Angela C. Williams sold 9,560 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $79.14, for a total transaction of $756,578.40. Following the completion of the transaction, the vice president now directly owns 14,607 shares in the company, valued at $1,155,997.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Nathan D. Goldman sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $79.50, for a total value of $556,500.00. Following the transaction, the executive vice president now owns 79,697 shares of the company’s stock, valued at $6,335,911.50. The disclosure for this sale can be found here. Insiders own 4.83% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Suntrust Banks Inc. raised its holdings in CSX by 15.2% during the fourth quarter. Suntrust Banks Inc. now owns 342,170 shares of the transportation company’s stock worth $21,259,000 after purchasing an additional 45,146 shares in the last quarter. Toronto Dominion Bank raised its holdings in CSX by 12.9% during the first quarter. Toronto Dominion Bank now owns 548,518 shares of the transportation company’s stock worth $41,029,000 after purchasing an additional 62,798 shares in the last quarter. Thoroughbred Financial Services LLC bought a new stake in CSX during the fourth quarter worth approximately $221,000. Natixis Advisors L.P. raised its holdings in CSX by 8.8% during the fourth quarter. Natixis Advisors L.P. now owns 133,539 shares of the transportation company’s stock worth $8,296,000 after purchasing an additional 10,835 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in CSX by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 90,140 shares of the transportation company’s stock worth $6,744,000 after purchasing an additional 1,493 shares in the last quarter. 75.68% of the stock is currently 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.

Further Reading: Outstanding Shares

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