CSX Corporation Target of Unusually High Options Trading (CSX)

12 Juillet, 2017, 13:14 | Author: Claudine Rigal
  • CSX Corporation Target of Unusually High Options Trading (CSX)

Bank of America Corporation reiterated a "buy" recommendation and given a $65.00 price objective (up from $56.00) on stocks of CSX Corporation in a study note on early Tue, Jun 6th. Company insiders own 4.79% of the company's stock. RBC Capital Markets maintained the shares of CSX in report on Wednesday, September 2 with "Outperform" rating. These ratios are important while doing valuation of the company or the shares of the company. Also, it has an estimated price-earnings (P/E) multiple of 19.92 and a trailing 12-month price-earnings (P/E) multiple of 29.98. The company's efforts to control costs are also impressive. CSX Corporation (CSX) shares have been seen trading -0.76% off its 52 week- peak value and changed 110.55% from its 52 week-bottom price value.

A number of equities analysts recently commented on CSX shares. The stock's quarterly performance specifies a shift of 15.73%, and its last twelve month performance is stands at 106.90% while moved 46.30% for the past six months. Zacks Investment Research upgraded CSX Corporation from a "hold" rating to a "buy" rating and set a $53.00 target price for the company in a report on Tuesday, March 21st. Stifel Nicolaus increased their price target on CSX Corporation from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, April 20th. Finally, Raymond James Financial, Inc. raised shares of CSX Corporation from a "market perform" rating to an "outperform" rating and set a $55.00 target price on the stock in a research report on Friday, April 21st. Eleven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. On November 10 the stock rating was downgraded to "Market Perform" from "Outperform" with a current price target of $35.00 by BMO Capital. UBS upgraded CSX Corporation (NASDAQ:CSX) on Wednesday, January 25 to "Buy" rating.

Several institutional investors have recently made changes to their positions in the stock. For this CSX's 20 days and 50 days MA (moving average) comparison clear the blur picture. CSX Corporation has a 52-week low of $26.07 and a 52-week high of $55.31. CSX Corporation also was the recipient of some unusual options trading on Monday. This is an increase of 786% compared to the typical volume of 4,834 call options.

CSX Corporation (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 19th. The transportation company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.43 by $0.08. CSX Corporation had a return on equity of 15.67% and a net margin of 15.19%. The business had revenue of $2.87 billion for the quarter, compared to analysts' expectations of $2.76 billion. Brands, Inc. (NYSE:YUM) earnings have declined with a quarterly rate of -12.8% over the last 5 years. CSX Corporation's revenue for the quarter was up 9.6% on a year-over-year basis.

On average, analysts expect that CSX Corporation will report full-year earnings of $2.30 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.45. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.48%. CSX Corporation's payout ratio is now 43.72%.

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In related news, CEO E Hunter Harrison bought 300,000 shares of CSX Corporation stock in a transaction dated Monday, April 24th.

Shares last traded at $54.14 a tad higher than $52.87, the stock's 50 day moving average and which is a tad above the 200 day moving average of $47.32. Following the acquisition, the chief executive officer now directly owns 300,000 shares of the company's stock, valued at approximately $15,060,000. Hedge funds and other institutional investors own 69.30% of the company's stock. Norges Bank bought a new stake in shares of CSX Corporation during the fourth quarter valued at about $306,397,000. Gamble Jones Investment Counsel now owns 7,578 shares of the transportation company's stock valued at $353,000 after buying an additional 21 shares in the last quarter. Moreover, Duncker Streett & Inc has 0.27% invested in CSX Corporation (NASDAQ:CSX) for 22,398 shares. Gibraltar Capital Management, Inc. grew its ownership by buying 3,416 shares an increase of 2.4%. Finally, Brahman Capital Corp. purchased a new stake in CSX Corporation during the first quarter worth approximately $257,229,000.

CSX Corporation (CSX)'s RSI (Relative Strength Index) is 60.70.

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