Economy

Insiders Are Buying CSX Corporation (NYSE:CSX)

Conatus Capital Management Lp acquired 771,487 shares as Csx Corp (CSX)'s stock rose 3.79%. In terms of relative volume, these shares are trading at 1.02x their normal volume. Its mean Altman Z-Score: 2.20 during the last 7 years, while average Beneish M-Score: -2.66 during the last 7 years. FMC Corp (NYSE:FMC) has risen 62.57% since October 30, 2016 and is uptrending. It has outperformed by 45.87% the S&P500.

CSX Corporation NASDAQ exhibits a P/E ratio of 27.1 with a forward P/E of 19.47. Tiger Eye Capital Llc sold 250,500 shares as Csx Corp (CSX)'s stock rose 3.79%. The company has market cap of $320.69 million. CSX is already driving a 73.34% rally over the course of the past year and is now up 46.23% since this point in 2017. The stock decreased 1.79% or $0.94 during the last trading session, reaching $51.6. About 6.28M shares traded or 12.54% up from the average. Seven analysts have provided estimates for CSX Corporation's earnings, with the highest sales estimate coming in at $3.07 billion and the lowest estimate coming in at $2.84 billion. It has outperformed by 80.48% the S&P500. Equities analysts forecast that CSX Corporation will post $2.22 EPS for the current fiscal year. Therefore 67% are positive. CSX Corporation had 84 analyst reports since August 13, 2015 according to SRatingsIntel. CLSA initiated the shares of CSX in report on Thursday, May 19 with "Underperform" rating. Finally, ValuEngine downgraded CSX Corporation from a "buy" rating to a "hold" rating in a research note on Monday, October 2nd. JP Morgan maintained CSX Corporation (NASDAQ:CSX) on Thursday, October 12 with "Overweight" rating. Raymond James maintained Box Inc (NYSE:BOX) rating on Friday, October 13. The stock has "Outperform" rating by RBC Capital Markets on Wednesday, September 2. Robert W. Baird has "Neutral" rating and $17.0 target.

Investors sentiment increased to 0.83 in 2017 Q2. Its up 0.10, from 0.73 in 2017Q1. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. 91 funds opened positions while 238 raised stakes. 628.79 million shares or 0.40% less from 631.34 million shares in 2017Q1 were reported. Insiders now own 0.10% of total outstanding shares.

CSX Corporation is a transportation company. It is positive, as 58 investors sold CSX Corporation shares while 339 reduced holdings. Michigan-based Comerica National Bank has invested 0.09% in CSX Corporation (NASDAQ:CSX). Conatus Cap Mgmt Limited Partnership has 7.55% invested in CSX Corporation (NASDAQ:CSX). Broderick Brian C holds 8,800 shares or 0.18% of its portfolio. Cookson Peirce Inc invested 0.41% in CSX Corporation (NASDAQ:CSX). Tokio Marine Asset Ltd reported 20,761 shares. The stock declined 0.68% or $0.75 reaching $109.85 per share. 40,673 are owned by Silvercrest Asset Lc. Atria Invs Ltd Liability Corporation holds 0.02% or 4,547 shares in its portfolio. Fort Washington Advisors Oh stated it has 0.03% of its portfolio in CSX Corporation (NASDAQ:CSX). The Illinois-based North Star Investment Management Corp. has invested 0.12% in the stock. Moreover, Fmr Limited Liability Company has 0.05% invested in FMC Corp (NYSE:FMC). CSX's SI was 18.48M shares in October as released by FINRA. Howe & Rusling invested in 1,685 shares. Tnb accumulated 5,309 shares.

A good way of assessing a public company's profitability is by looking at its Earnings per Share (EPS). Schroder Investment Gp has 32,500 shares for 0% of their portfolio. Therefore 42% are positive. The stock has "Buy" rating by BMO Capital Markets on Friday, April 28. The firm has "Hold" rating given on Monday, September 4 by Piper Jaffray. The rating was maintained by RBC Capital Markets on Friday, July 15 with "Outperform". Bank of America upgraded it to "Buy" rating and $28 target in Tuesday, February 23 report. The company was maintained on Wednesday, August 2 by Piper Jaffray. The firm earned "Market Perform" rating on Thursday, January 14 by Cowen & Co. Brahman Capital Corp. bought a new stake in shares of CSX Corporation in the first quarter valued at approximately $257,229,000. It also increased its holding in Allied Wrld Assur Com Hldg A (Put) (NYSE:AWH) by 29,500 shares in the quarter, for a total of 63,400 shares, and has risen its stake in Reynolds American Inc (NYSE:RAI).

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