CSX Corporation (NASDAQ:CSX - Get Free Report) was the target of unusually large options trading on Friday. Stock investors purchased 24,554 call options on the company. This is an increase of 165% compared to the typical volume of 9,266 call options.
Analyst Ratings Changes
A number of equities research analysts have commented on CSX shares. Citigroup lifted their target price on CSX from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday. Raymond James Financial reaffirmed an "outperform" rating and issued a $33.00 target price (down previously from $34.00) on shares of CSX in a research report on Thursday, April 17th. Stifel Nicolaus lowered their target price on shares of CSX from $37.00 to $34.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Sanford C. Bernstein reiterated a "market perform" rating and set a $36.00 price target (up from $33.00) on shares of CSX in a research report on Tuesday. Finally, Jefferies Financial Group decreased their price objective on shares of CSX from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CSX currently has a consensus rating of "Moderate Buy" and an average target price of $34.64.
Read Our Latest Report on CSX
Institutional Trading of CSX
Hedge funds have recently modified their holdings of the business. Miller Howard Investments Inc. NY lifted its stake in shares of CSX by 8.4% in the second quarter. Miller Howard Investments Inc. NY now owns 204,640 shares of the transportation company's stock valued at $6,677,000 after purchasing an additional 15,939 shares during the period. Somerset Trust Co acquired a new stake in shares of CSX during the 2nd quarter valued at approximately $208,000. Modern Wealth Management LLC boosted its stake in shares of CSX by 9.8% during the 1st quarter. Modern Wealth Management LLC now owns 17,518 shares of the transportation company's stock worth $516,000 after acquiring an additional 1,564 shares in the last quarter. Strs Ohio purchased a new stake in shares of CSX during the 1st quarter worth approximately $29,614,000. Finally, Foresight Group Ltd Liability Partnership acquired a new stake in shares of CSX in the 1st quarter worth approximately $1,504,000. 73.57% of the stock is owned by institutional investors and hedge funds.
CSX Stock Performance
CSX stock traded up $0.96 on Friday, hitting $34.50. The company's stock had a trading volume of 10,072,561 shares, compared to its average volume of 13,302,846. CSX has a 1 year low of $26.22 and a 1 year high of $37.10. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 1.52. The stock has a market cap of $64.82 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 2.93 and a beta of 1.23. The firm has a 50 day moving average of $31.62 and a two-hundred day moving average of $31.10.
CSX (NASDAQ:CSX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.53 billion. CSX had a net margin of 22.66% and a return on equity of 26.42%. Equities analysts predict that CSX will post 1.83 EPS for the current fiscal year.
CSX Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, May 30th. CSX's dividend payout ratio is presently 31.14%.
About CSX
(
Get Free Report)
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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