CSX Corporation (CSX) Overbought or Oversold?
- Author: Zachary Reyes Mar 09, 2017,
Mar 09, 2017, 11:37
Bank of America Corp reiterated a "buy" rating and issued a $54.00 price target (up from $45.00) on shares of CSX in a report on Tuesday, January 24th.
To analyze a stock, one should look for Upgrades and Downgrades of a stock. The shares were sold at an average price of $36.92, for a total transaction of $1,055,432.04. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company rocked its 52-Week High of $49.79 on Mar 1, 2017 and touched its 52-Week Low of $24.36 on April 11, 2016.
Insider Trades for CSX Corp. show that the latest trade was made on 7 Feb 2017 where Moffett (David M), the Director completed a transaction type "Buy" in which 4031 shares were traded at a price of $47.96. After this transaction, the insider's stake stands at 534,791 shares, with a market value of $26627244. These analysts have also projected a Low Estimate of $0.38/share and a High Estimate of $0.46/share. The stock is trading $44.12 its 50-day moving average by -4.32%. The stock has a market capitalization of $35.63 billion, a P/E ratio of 21.17 and a beta of 1.17.
CSX (NASDAQ:CSX) last issued its earnings results on Tuesday, January 17th. The company reported the earnings of $0.49/Share in the last quarter where the estimated EPS by analysts was $0.5/share. The most recent short interest data show 2.37% of the company's stock are short sold. CSX had a return on equity of 14.71% and a net margin of 15.48%. During the same quarter in the prior year, the business earned $0.48 earnings per share. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.38 to $0.46.
Shares of CSX Co. If you are accessing this story on another publication, it was stolen and reposted in violation of U.S. and global trademark & copyright law. Investors of record on Tuesday, February 28th will be paid a $0.18 dividend. The Current Ratio of CSX Corporation NASDAQ:CSX Railroads is 1.2 and the Quick Ratio measures to be 1.
On 10/6/2016 Clarence W Gooden, President, sold 16,129 with an average share price of $31.00 per share and the total transaction amounting to $499,999.00. Following the sale, the president now owns 56,091 shares in the company, valued at $2,070,879.72. Corporate insiders own 0.36% of the company's stock. Perhaps, that suggests something about why 0.17% of the outstanding share supply is held by institutional investors. GHP Investment Advisors Inc. boosted its stake in CSX by 2.8% in the third quarter. CSX Corp. got Upgrade on 25-Jan-17 where investment firm UBS Upgrade the stock from Neutral to Buy. Bank of Montreal Can purchased a new stake in shares of CSX Corporation during the second quarter valued at approximately $52,018,000.
The Company now has Insider ownership of 0.2 Percent and Institutional Ownership of 73.3 Percent. Pioneer Investment Management Inc. raised its stake in shares of CSX by 87.5% in the third quarter. Municipal Employees Retirement System of MI now owns 30,270 shares of the company's stock valued at $923,000 after buying an additional 90 shares during the last quarter.
On 10/8/2015 CSX announced a quarterly dividend of $0.18 2.48% with an ex dividend date of 11/25/2015 which will be payable on 12/15/2015. MSI Financial Services Inc now owns 63,450 shares of the company's stock valued at $1,655,000 after buying an additional 11,080 shares in the last quarter. Kanaly Trust Co now owns 6,210 shares of the company's stock valued at $189,000 after buying an additional 95 shares during the last quarter. Deutsche Bank analysts disclosed their opinion on CSX Corporation (NASDAQ:CSX) recently. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.