Stock Roundup: CSX Corporation (NASDAQ:CSX)

Joan Terry
July 14, 2017

PNC Financial Services Group Inc. owned approximately 0.12% of CSX Corporation worth $53,681,000 as of its most recent SEC filing.

CSX's fiscal year ends Dec 30, 2016 and the most recent quarter started on Mar 31, 2017. "Has $15.14 Million Position in CSX Corporation (CSX)" was first reported by BBNS and is the sole property of of BBNS. MCF Advisors LLC now owns 2,832 shares of the transportation company's stock worth $132,000 after buying an additional 9 shares during the period. Finally, Mckinley Capital Management LLC Delaware boosted its position in shares of CSX Corporation by 720.3% in the first quarter. A 2 analysts rate it as either a buy or a strong buy, while 4 believe that investors should either steer clear of (NASDAQ:CA) or, if they already own its stock, sell it.

Monsanto Company (NYSE:MON) share price decreased in the last trading session with a previous 52-week high of $118.97. Financial Architects Inc boosted its stake in shares of CSX Corporation by 1.9% in the first quarter. Clinton Group Inc. now owns 218,130 shares of the transportation company's stock valued at $10,154,000 after buying an additional 185,842 shares during the period. The stock traded at a volume of 2.47 million shares.

CSX Corporation (NASDAQ CSX) opened at 55.19 on Thursday. The firm has a market capitalization of $50.65 billion, a P/E ratio of 29.96 and a beta of 1.32. The stock's 50 day moving average price is $52.87 and its 200 day moving average price is $47.32. CSX Corporation has a 1-year low of $26.07 and a 1-year high of $55.48. Zacks Investment Research's earnings per share calculations are a mean average based on a survey of sell-side research firms that follow CSX Corporation. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. This represents an increase of 786% compared to the average daily volume of 4,834 call options.

CSX Corporation (NASDAQ:CSX) last posted its earnings results on Wednesday, April 19th. The company reported the earnings of $0.51/Share in the last quarter where the estimated EPS by analysts was $0.43/share. Investors who are keeping close eye on the stock of CSX Corporation (NASDAQ:CSX) established that the company was able to keep return on investment at 5.19 in the trailing twelve month while Reuters data showed that industry's average stands at 8.26 and sector's optimum level is 6.53. The firm had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same period a year ago, the firm posted $0.37 EPS. The firm's revenue for the quarter was up 9.6% on a year-over-year basis.

On average, analysts expect that CSX Corporation will report full-year earnings of $2.30 per share for the current year, with EPS estimates ranging from $2.25 to $2.45.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. CSX Corporation's payout ratio is 43.72%. The original version of this news story can be accessed at https://www.thestockobserver.com/2017/07/14/csx-corporation-csx-scheduled-to-post-quarterly-earnings-on-tuesday.html.

Several research analysts recently commented on the company. Bank of America Corporation reaffirmed a "buy" rating and issued a $65.00 price target (up from $56.00) on shares of CSX Corporation in a report on Tuesday, June 6th.

Sunrun Inc. has a consensus outperform rating from 8 Wall Street analysts, and the number of shares now sold short amount to at least 20.86% of shares outstanding. Loop Capital restated a "hold" rating and issued a $52.00 price objective on shares of CSX Corporation in a research note on Monday, April 24th. That's a potential 6.37 increase relative to where CSX Corporation (NASDAQ:CSX) has been trading recently. Eleven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Finally, Credit Suisse Group upped their target price on shares of CSX Corporation from $60.00 to $61.00 and gave the stock a "buy" rating in a research note on Friday, May 26th.

In other news, CEO E Hunter Harrison acquired 300,000 shares of the company's stock in a transaction on Monday, April 24th. The stock was bought at an average cost of $50.20 per share, with a total value of $15,060,000.00. Following the transaction, the chief executive officer now directly owns 300,000 shares in the company, valued at $15,060,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Presently Monsanto Company (NYSE:MON) stock have an ABR of 2.00.

Verition Fund Management Limited Liability Com stated it has 0.04% in CSX Corporation (NASDAQ:CSX).

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