Economy

CSX Corporation (NASDAQ:CSX) Slumps -2.91% Pre-session

CSX Corporation (NASDAQ:CSX) Slumps -2.91% Pre-session”

6 number of analysts have estimated the sales of the company for the quarter ending Oct 10, 2017- Oct 16, 2017, analysts estimated mean sale target of 2955.16 million while high and low sale targets are estimated at 2997 million and 2906 million respectively.

Amgen Inc. (NASDAQ:AMGN), stock is trading $191.10 above the 52-week high and has displayed a high EPS growth of 20.50% in last 5 years.

Shares of CSX Corporation (NASDAQ CSX) opened at 52.84 on Monday. 3,652,714 shares of the stock traded hands. The stock has a market cap of $48.74 billion, a PE ratio of 27.91 and a beta of 1.35.

CSX Corporation (CSX) have shown a high EPS growth of 1.20% in the last 5 years and has earnings decline of -9.60% yoy.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.51%. CSX Corporation's payout ratio is presently 41.88%.

CSX reported net income of $459 million, or 51 cents a share, matching the average per-share estimate of 11 analysts surveyed by Zacks Investment Research. The biggest holder now is Alexandre Behring who owns 17,234,725 shares (1.89% of those outstanding), whilst Oscar Munoz holds 474,801 (0.05% of shares outstanding) and Mr. Michael J. Ward holds 300,032 (0.03% of shares outstanding). A lower P/B ratio could mean that the stock is undervalued.

The results matched Wall Street expectations. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of USA & global copyright and trademark legislation. The correct version of this article can be accessed at https://weekherald.com/2017/10/17/csx-corporation-csx-downgraded-to-market-perform-at-wells-fargo-company.html.

The company has mean EPS estimate of 0.62 reported by 13 number of analyst for the quarter ending Current Qtr.(Sep2017). CSX Corporation now has a consensus rating of "Buy" and an average target price of $54.59. UBS AG set a $68.00 price objective on CSX Corporation and gave the stock a buy rating in a research report on Monday. EPS long term mean growth rate estimated by 4 analysts is at 15.81%, whereas, the high and low Long term growth rate estimated at 21 and 12.

CSX Corporation is a transportation company.

Analyst's ratings play a very important role in outlining a stock's performance.

The results sent CSX shares up 1 percent to $53.50, though the company pointed to headwinds in several markets and efforts to overcome persistent service disruptions that have rankled major customers since the summer. The shares were acquired at an average price of $51.59 per share, for a total transaction of $70,007,630.00. These ratios are important while doing valuation of the company or the shares of the company. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.79% of the company's stock. Gradient Investments LLC lifted its stake in CSX Corporation by 38.1% in the second quarter. Parallel Advisors LLC now owns 2,194 shares of the transportation company's stock valued at $108,000 after buying an additional 285 shares in the last quarter. Its share price has risen 2.49% in three months and is down -1.92% for the last five trades. Finally, Eaton Vance Management lifted its position in shares of CSX Corporation by 6.9% during the 2nd quarter.



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