CSX (NASDAQ:CSX) Now Covered by Analysts at Goldman Sachs Group

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

Several other research analysts have also issued reports on CSX. Raymond James set a $8.00 price target on shares of Superior Energy Services and gave the stock a buy rating in a research note on Wednesday, April 17th. BMO Capital Markets began coverage on shares of Yelp in a research note on Wednesday, April 17th. They issued an outperform rating for the company. Credit Suisse Group reiterated an underperform rating on shares of MARKS & SPENCER/S in a research note on Wednesday, April 17th. Citigroup set a $20.00 price target on shares of Compania de Minas Buenaventura SAA and gave the stock a buy rating in a research note on Thursday, April 4th. Finally, UBS Group reiterated a buy rating on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. CSX has an average rating of Hold and a consensus price target of $79.18.

NASDAQ CSX traded up $0.67 during trading on Wednesday, hitting $77.25. The company had a trading volume of 2,674,175 shares, compared to its average volume of 4,468,727. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 1.27. CSX has a one year low of $58.47 and a one year high of $80.73. The firm has a market capitalization of $62.51 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. The stock has a fifty day simple moving average of $77.03.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.11. CSX had a net margin of 27.84% and a return on equity of 26.13%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the business earned $0.78 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that CSX will post 4.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.24%. CSX’s dividend payout ratio (DPR) is 25.00%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Suntrust Banks Inc. boosted its holdings in shares of CSX by 15.2% during the 4th quarter. Suntrust Banks Inc. now owns 342,170 shares of the transportation company’s stock valued at $21,259,000 after acquiring an additional 45,146 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of CSX by 12.9% during the 1st quarter. Toronto Dominion Bank now owns 548,518 shares of the transportation company’s stock valued at $41,029,000 after acquiring an additional 62,798 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new stake in shares of CSX during the 4th quarter valued at about $221,000. Natixis Advisors L.P. boosted its holdings in shares of CSX by 8.8% during the 4th quarter. Natixis Advisors L.P. now owns 133,539 shares of the transportation company’s stock valued at $8,296,000 after acquiring an additional 10,835 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of CSX by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 90,140 shares of the transportation company’s stock valued at $6,744,000 after acquiring an additional 1,493 shares during the last quarter. 75.68% of the stock is currently owned by hedge funds and other institutional investors.

About CSX

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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