November 24, 2016 - By Marie Mckinney · 0 Comments
CSX Corp (NASDAQ:CSX) institutional sentiment decreased to 0.94 in 2016 Q2. Its down -0.01, from 0.95 in 2016Q1. The ratio has worsened, as 310 active investment managers started new or increased stock positions, while 328 decreased and sold their holdings in CSX Corp. The active investment managers in our partner’s database now own: 639.14 million shares, down from 657.68 million shares in 2016Q1. Also, the number of active investment managers holding CSX Corp in their top 10 stock positions increased from 10 to 11 for an increase of 1. Sold All: 53 Reduced: 275 Increased: 246 New Position: 64.
CSX Corporation, together with its subsidiaries, is a transportation company. The company has a market cap of $33.02 billion. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. It has a 19.44 P/E ratio. The Firm serves three lines of business, such as merchandise business, coal business and intermodal business.
The stock decreased 0.26% or $0.09 on November 23, hitting $34.93. About 5.47 million shares traded hands. CSX Corporation (NASDAQ:CSX) has risen 26.88% since April 22, 2016 and is uptrending. It has outperformed by 21.47% the S&P500.
Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on January, 10. They expect $0.47 earnings per share, down 2.08% or $0.01 from last year’s $0.48 per share. CSX’s profit will be $444.30M for 18.58 P/E if the $0.47 EPS becomes a reality. After $0.48 actual earnings per share reported by CSX Corporation for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.
According to Zacks Investment Research, “CSX Corporation’s unique combination of rail, container-shipping, intermodal and logistics services provides global reach that’s second to none. The company’s goal, advanced at each of its business units, is to provide efficient, competitive transportation and related services for customers.”
Community Bank Of Raymore holds 9.31% of its portfolio in CSX Corporation for 741,373 shares. Rare Infrastructure Ltd owns 5.47 million shares or 6.38% of their US portfolio. Moreover, Alleghany Corp De has 5% invested in the company for 5.00 million shares. The Oklahoma-based Gibraltar Capital Management Inc. has invested 4.85% in the stock. Paragon Capital Management Ltd, a Colorado-based fund reported 306,584 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 selling transactions for $10.80 million net activity.
Ratings analysis reveals 67% of CSX Corp’s analysts are positive. Out of 6 Wall Street analysts rating CSX Corp, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $25.0 while the high is $33. The stock’s average target of $27.90 is -20.13% below today’s ($34.93) share price. CSX was included in 11 notes of analysts from January 4, 2016. As per Thursday, January 14, the company rating was maintained by Cowen & Co. RBC Capital Markets maintained it with “Outperform” rating and $27.0 target price in Thursday, January 14 report. The stock of CSX Corporation (NASDAQ:CSX) has “Buy” rating given on Tuesday, January 19 by Argus Research. Bank of America upgraded the stock to “Buy” rating in Tuesday, February 23 report.
CSX Corporation, together with its subsidiaries, incorporated on November 15, 1978, is a transportation company. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. The Firm serves approximately three lines of business, such as merchandise business, coal business and intermodal business. The Company’s operating subsidiary, CSX Transportation, Inc. (CSXT), provides a link to the transportation supply chain through its approximately 21,000-route mile rail network, which serves population centers in approximately 20 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. It has access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St. Lawrence Seaway. The Company’s intermodal business links clients to railroads through trucks and terminals. CSXT also serves production and distribution facilities through track connections to approximately 240 short-line and regional railroads.
Another recent and important CSX Corporation (NASDAQ:CSX) news was published by Globenewswire.com which published an article titled: “CSX Corporation Chief Financial Officer to Address Credit Suisse 4th Annual …” on November 21, 2016.
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By Marie Mckinney