Science

CSX Corporation (CSX) Receives $53.70 Average PT from Analysts

Prudential Public Limited Company holds 0% of its portfolio in CSX Corporation (NASDAQ:CSX) for 5,583 shares. The company's efforts to drive bottom-line growth through cost-cutting measures are also impressive. 64,700 are owned by Oakbrook Investments Ltd Company. "However, headwinds like foreign exchange related risks and excessive competition continue to bother us".

Other equities analysts also recently issued research reports about the stock. BidaskClub lowered shares of CSX Corporation from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 19th. The stock of CSX Corporation (NASDAQ:CSX) earned "Buy" rating by Buckingham Research on Friday, October 9. Zacks Investment Research upgraded shares of CSX Corporation from a "hold" rating to a "buy" rating and set a $61.00 target price on the stock in a research note on Tuesday, July 11th. Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of CSX Corp.in a research report on Friday, October 14th. Stifel Nicolaus reiterated a "hold" rating on shares of CSX Corporation in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company. The company now has an average rating of "Buy" and an average target price of $56.76.

Shares of CSX Corp.

CSX Corporation (CSX) traded down $0.16 during trading hours on Tuesday, hitting $51.15. The company has a market capitalization of $34.08 billion, a price-to-earnings ratio of 20.248 and a beta of 1.17.

CSX Corporation (NasdaqGS:CSX) now has a 10 year dividend growth rate of 15.49%.

Looking at some ROIC (Return on Invested Capital) numbers, CSX Corporation (NasdaqGS:CSX)'s ROIC Quality Score is 15.606681.

CSX Corporation (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, October 17th. A month ago, analyst EPS consensus estimated earnings of US$0.57 per share. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the firm posted $0.48 EPS. With the constructive P/E value of CSX Corporation, the investors are able to forecast the positive earnings growth of the company.

COPYRIGHT: This article was originally reported by Us and is the propert of of Us. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and global copyright law. The original version of this article can be accessed at csx-corp-csx-downgraded-by-zacks-investment-research-to-hold/1221017/. Stockholders of record on Wednesday, November 30th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.55%.

CSX Corporation (NasdaqGS:CSX) has a Price to Book ratio of 4.111191. The stock has "Outperform" rating by RBC Capital Markets on Thursday, January 14. About 899,416 shares traded. The sale was disclosed in a filing with the SEC, which is accessible through this link. The stock rose 0.19% or $0.07 reaching $36.12. The stock was sold at an average price of $30.97, for a total transaction of $9,291,000.00. This buyback authorization permits the transportation company to repurchase up to 1% of its stock through open market purchases. The disclosure for this sale can be found here.

Other large investors have also recently modified their holdings of the company. Finally, Madden Advisory Services Inc. acquired a new position in shares of CSX Corporation during the 1st quarter worth $155,000. Marco Investment Management LLC now owns 8,410 shares of the company's stock valued at $257,000 after buying an additional 22 shares during the last quarter. The Pennsylvania-based Guyasuta Inv Inc has invested 0.03% in CSX Corporation (NASDAQ:CSX). Parallel Advisors LLC now owns 2,194 shares of the transportation company's stock worth $108,000 after purchasing an additional 285 shares during the last quarter. It increased, as 58 investors sold CSX shares while 339 reduced holdings. Tocqueville Asset Management L.P. now owns 77,038 shares of the transportation company's stock valued at $4,180,000 after purchasing an additional 1,420 shares during the period. The Bluecrest Capital Management Ltd holds 24,941 shares with $1.36M value, down from 46,670 last quarter. The ratio is calculated by dividing the stock price per share by the book value per share. Finally, Municipal Employees Retirement System of MI boosted its position in shares of CSX Corp.by 0.3% in the third quarter. Institutional investors and hedge funds own 71.06% of the company's stock. The Return on Assets for CSX Corporation (NasdaqGS:CSX) is 0.051556. The Firm provides rail 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. The Firm categorizes its products into three primary lines of business: merchandise, intermodal and coal.



Like this

Latest


09 November 2017
STAAR Surgical Company (STAA) Announces Quarterly Earnings Results
The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, "The Little Book that Beats the Market". Of course if investors end up selling winners too early, they will most likely be leaving too much profit on the table.

09 November 2017
Quebec City - UNESCO City of Literature
Chennai , one of the 64 cities designated as UNESCO Creative Cities last month, was chosen for its contribution to music.

09 November 2017
VW blames drivers failing to fit new software for dirty diesel cars
According to Mary Creagh, chair of the Commons' Environmental Audit Committee, the rate at which vehicles are being dealt with has "stalled".

09 November 2017
'Staffing Crisis': US DoS Reportedly Lost 60% of Career Ambassadors in 2017
While more than 17,000 Americans applied for the Foreign Service in 2016, that number has dropped by more than half this year. Were the US military to face such a decapitation of its leadership ranks, I would expect a public outcry.

09 November 2017
Unofficial numbers show Democrats dominate Election 2017 in Ridgefield — Blue sweep
Town Board member Terry Middleton ran unopposed for supervisor in Fort Edward, following the retirement of Mitch Suprenant. Suffolk Democrats held onto control of the Suffolk legislature Tuesday while losing their supermajority by a single seat.

09 November 2017
Reading the Tea Leaves for Red Robin Gourmet Burgers, Inc. (RRGB)
The Punch & Associates Investment Management Inc holds 1.11M shares with $9.29 million value, down from 1.20M last quarter. Parametric Portfolio Associates LLC boosted its position in Red Robin Gourmet Burgers by 5.3% during the first quarter.

09 November 2017
Raleigh, Charlotte among top 10 most affordable metros for renters, study says
Despite this, almost half of all US renters - 49.7 percent nationwide - still pay too much income in rent, the study reports. But bigger cities in the South, along with communities in the Rust Belt and Midwest, are more affordable for renters.

09 November 2017
Bill Clinton discusses politics and the state of America on 'Conan'
When asked whether America had changed a lot since his presidency, Clinton's answer was "yes and no". Because that chilled me to the bone for a second, ' O'Brien said to all that.

09 November 2017
BB&T Corporation's (BBT) Buy Rating Reiterated at Royal Bank Of Canada
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . The stock has a market cap of $39,035.81, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.28 and a beta of 1.00.

09 November 2017
Microsoft claims high initial demand for Xbox One X
The blog post further says that it is the second version of Xbox One X after the Xbox One X Project Scorpio Edition to sell so well after becoming available.



Recommended