CSX Corporation Target of Unusually High Options Trading (CSX)

Patrice Gainsbourg
Julho 12, 2017

The average 1-year target price among analysts that have covered the stock in the last year is $51.56. (CSX) stake by 78.13% reported in 2016Q4 SEC filing. Zacks Investment Research upgraded shares of CSX Corporation from a "hold" rating to a "buy" rating and set a $53.00 price target on the stock in a research report on Tuesday, March 21st. Royal Bank Of Canada restated a "buy" rating and issued a $65.00 price target on shares of CSX Corporation in a research note on Friday, June 9th. Credit Suisse Group raised their price target on CSX Corporation from $60.00 to $61.00 and gave the company a "buy" rating in a research note on Friday, May 26th. Avondale Partners raised shares of CSX Corporation from a "market perform" rating to a "market outperform" rating in a report on Tuesday, March 28th. Atlantic Securities upgraded CSX Corporation from a "neutral" rating to an "overweight" rating and set a $57.00 price target on the stock in a research note on Wednesday, March 15th.

CSX Corporation (NASDAQ CSX) opened at 54.15 on Wednesday. The company have shares float of 877.49 million. CSX Corporation has a one year low of $25.33 and a one year high of $55.06. The 50 day moving average was up by +2.40% and the 200 day average was up $6.82. Valuation of the business is $50.65 B, a price to earnings ratio of 29.96 along with a stock beta of 1.32. CSX Corporation also was the recipient of some unusual options trading on Monday. Market traders bought 42,807 bullish call options on the stock. this indicates a gain of roughly 786% when compared with the average daily volume of 4,834 bullish call options.

CSX Corporation (NASDAQ:CSX) last posted its quarterly earnings data on Wednesday, April 19th. Analysts are forecasting earnings of $0.58 on a per share basis this quarter. Supplemental Annuity Collective Tru Of Nj stated it has 0.33% in CSX Corporation (NASDAQ:CSX). The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period a year ago, the firm posted $0.37 EPS. The value of the investment in (CSX) went from $1,124,000 to $1,304,000 a change of $180,000 quarter to quarter.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a dividend of $0.20 per share. This dividend represents a yield of $1.46. United Services Automobile Association upped its stake in CSX Corporation by 20.9% in the Q1.

TRADEMARK VIOLATION NOTICE: "FIL Ltd Sells 112,612 Shares of CSX Corporation (NASDAQ:CSX)" was first reported by BBNS and is the sole property of of BBNS. If you are accessing this news story on another site, it was stolen and republished in violation of United States and global copyright and trademark legislation. The legal version of this report can be accessed at https://sportsperspectives.com/2017/07/12/tiedemann-wealth-management-llc-takes-position-in-csx-corporation-csx-updated-updated.html.

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In other news, CEO E Hunter Harrison bought 300,000 shares of the firm's stock in a transaction that occurred on Monday, April 24th. The shares were purchased at an average cost of $50.20 per share, for a total transaction of $15,060,000.00.

Large investors have recently added to or reduced their stakes in the company. Finally, Jackson Grant Investment Advisers Inc. increased its position in shares of CSX Corporation by 0.3% in the fourth quarter. Insiders own 4.79% of the company's stock. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Seekingalpha.com and their article: "The "Steve Jobs" of Railroads Could Send This CSX Shares Higher" published on July 11, 2017 as well as Globenewswire.com's news article titled: "CSX Corporation Declares Quarterly Dividend" with publication date: July 05, 2017. Thrivent Financial For Lutherans now owns 4,769,577 shares of the transportation company's stock worth $222,004,000 after buying an additional 3,415,705 shares during the last quarter. Assetmark Inc. boosted its stake in CSX Corporation by 8.7% in the first quarter. The Trust Company Of Virginia holds 195,132 shares with $7.01M value, down from 207,258 last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of CSX Corporation during the fourth quarter worth approximately $2,695,000. CSX Corporation's end of quarter revenue went up 9.6% compared with the same period in the prior year. brokerage firm analysts expect that CSX Corporation to post $2.29 EPS for the present financial year. Westwood Holdings Group Inc. now owns 7,549 shares of the transportation company's stock valued at $351,000 after buying an additional 49 shares during the last quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company.

Trust Company Of Virginia decreased Csx Corp (CSX) stake by 5.85% reported in 2016Q4 SEC filing. 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.

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