BidaskClub cut shares of CSX (NASDAQ:CSX) from a hold rating to a sell rating in a research note issued to investors on Monday morning.
CSX has been the subject of a number of other reports. Robert W. Baird reiterated a buy rating and set a $59.00 target price on shares of CSX in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of CSX from a sell rating to a hold rating in a research note on Thursday, October 12th. TD Securities lowered shares of CSX from a buy rating to a hold rating and decreased their target price for the company from $63.00 to $54.00 in a research note on Monday, December 18th. Morgan Stanley set a $51.00 target price on shares of CSX and gave the company a sell rating in a research note on Wednesday, January 17th. Finally, Credit Suisse Group upped their price objective on CSX from $60.00 to $61.00 and gave the stock an outperform rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $60.38.
Shares of CSX (NASDAQ:CSX) opened at $51.00 on Monday. The firm has a market cap of $49,378.20, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.01. CSX has a 12 month low of $45.41 and a 12 month high of $60.04.
CSX (NASDAQ:CSX) last announced its earnings results on Tuesday, January 16th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.89 billion. CSX had a net margin of 47.96% and a return on equity of 17.16%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. equities research analysts predict that CSX will post 3.07 earnings per share for the current year.
CSX declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 25th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
In other news, Director Gary Keith Anderson bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average price of $2,300.00 per share, with a total value of $11,500,000.00. Corporate insiders own 4.79% of the company’s stock.
A number of institutional investors have recently modified their holdings of CSX. First Command Financial Services Inc. boosted its holdings in CSX by 130.0% in the 4th quarter. First Command Financial Services Inc. now owns 2,123 shares of the transportation company’s stock worth $117,000 after buying an additional 1,200 shares during the period. Front Row Advisors LLC bought a new position in CSX in the 4th quarter worth $135,000. Valeo Financial Advisors LLC bought a new position in CSX in the 3rd quarter worth $196,000. St. Louis Trust Co bought a new position in CSX in the 4th quarter worth $209,000. Finally, Laurel Wealth Advisors Inc. bought a new position in CSX in the 2nd quarter worth $226,000. 69.94% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This story was first posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.thestockobserver.com/2018/02/06/csx-csx-cut-to-sell-at-bidaskclub.html.
CSX Corporation is a transportation company. 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.
Receive News & Ratings for CSX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX and related companies with MarketBeat.com's FREE daily email newsletter.