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 report published on Wednesday, The Fly reports. The brokerage issued a neutral rating and a $86.00 price objective on the transportation company’s stock.
Several other research firms have also recently weighed in on CSX. BidaskClub cut Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Wednesday, June 26th. BMO Capital Markets began coverage on Yelp in a research note on Wednesday, April 17th. They set an outperform rating for the company. Stifel Nicolaus set a $80.00 target price on CSX and gave the stock a hold rating in a research note on Wednesday, April 17th. Morgan Stanley set a $60.00 target price on Berry Global Group and gave the stock a hold rating in a research note on Wednesday, April 17th. Finally, ValuEngine cut Acceleron Pharma from a strong-buy rating to a buy rating in a research note on Thursday, April 18th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $79.18.
Shares of NASDAQ:CSX opened at $78.58 on Wednesday. The firm has a market capitalization of $62.51 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.35 and a beta of 1.22. CSX has a 1 year low of $58.47 and a 1 year high of $80.73. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average is $77.10.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.24 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. CSX’s payout ratio is 25.00%.
In other CSX news, VP Angela C. Williams sold 9,560 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 14,607 shares in the company, valued at approximately $1,155,997.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nathan D. Goldman sold 7,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $79.50, for a total value of $556,500.00. Following the sale, 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. Corporate insiders own 4.83% of the company’s stock.
A number of institutional investors have recently modified their holdings of CSX. FMR LLC grew its stake in shares of CSX by 14.1% in the 4th quarter. FMR LLC now owns 23,161,058 shares of the transportation company’s stock valued at $1,438,997,000 after buying an additional 2,867,186 shares during the period. Janus Henderson Group PLC grew its stake in shares of CSX by 0.5% in the 1st quarter. Janus Henderson Group PLC now owns 12,929,434 shares of the transportation company’s stock valued at $967,382,000 after buying an additional 60,234 shares during the period. Egerton Capital UK LLP grew its stake in shares of CSX by 2.5% in the 1st quarter. Egerton Capital UK LLP now owns 12,140,980 shares of the transportation company’s stock valued at $908,388,000 after buying an additional 290,774 shares during the period. Geode Capital Management LLC grew its stake in shares of CSX by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 10,386,802 shares of the transportation company’s stock valued at $644,194,000 after buying an additional 646,745 shares during the period. Finally, Norges Bank acquired a new stake in shares of CSX in the 4th quarter valued at about $463,481,000. Hedge funds and other institutional investors own 75.68% of the company’s stock.
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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