CSX Co. (NASDAQ:CSX – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 18,010,000 shares, a growth of 16.6% from the August 15th total of 15,450,000 shares. Based on an average trading volume of 12,860,000 shares, the days-to-cover ratio is currently 1.4 days.
CSX Price Performance
Shares of CSX stock traded down $0.51 during trading hours on Tuesday, hitting $30.59. 5,363,049 shares of the company’s stock were exchanged, compared to its average volume of 13,113,019. CSX has a fifty-two week low of $25.80 and a fifty-two week high of $34.38. The firm has a market cap of $61.37 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.66 and a beta of 1.22. The company has a quick ratio of 1.21, a current ratio of 1.42 and a debt-to-equity ratio of 1.46. The firm has a 50 day moving average of $31.65 and a two-hundred day moving average of $31.37.
CSX (NASDAQ:CSX – Get Free Report) last posted its quarterly earnings data on Thursday, July 20th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. CSX had a net margin of 27.36% and a return on equity of 32.82%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. Sell-side analysts forecast that CSX will post 1.9 EPS for the current year.
CSX Dividend Announcement
Hedge Funds Weigh In On CSX
Hedge funds have recently made changes to their positions in the company. ICA Group Wealth Management LLC lifted its stake in CSX by 7.2% in the 1st quarter. ICA Group Wealth Management LLC now owns 5,306 shares of the transportation company’s stock worth $159,000 after purchasing an additional 356 shares in the last quarter. Maltin Wealth Management Inc. acquired a new position in CSX during the second quarter worth $588,000. Czech National Bank grew its holdings in CSX by 0.6% in the 1st quarter. Czech National Bank now owns 247,675 shares of the transportation company’s stock valued at $7,415,000 after buying an additional 1,586 shares in the last quarter. TrueWealth Advisors LLC acquired a new stake in shares of CSX in the 1st quarter worth $289,000. Finally, Point72 Asset Management L.P. raised its holdings in shares of CSX by 3.9% during the 4th quarter. Point72 Asset Management L.P. now owns 4,994,715 shares of the transportation company’s stock worth $154,736,000 after acquiring an additional 186,588 shares during the period. Institutional investors and hedge funds own 72.76% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Stephens restated an “overweight” rating and set a $39.00 price target on shares of CSX in a research note on Friday, July 21st. Morgan Stanley restated an “equal weight” rating and set a $25.00 price target on shares of CSX in a research note on Friday, July 21st. StockNews.com initiated coverage on shares of CSX in a research note on Thursday, August 17th. They set a “hold” rating for the company. BMO Capital Markets reissued an “outperform” rating and set a $37.00 price objective on shares of CSX in a report on Friday, July 21st. Finally, Citigroup reduced their target price on CSX from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.43.
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.
- Five stocks we like better than CSX
- The 3 Best Fintech Stocks to Buy Now
- Hold-It-Forever AutoZone Pulls into Buy Zone
- Why Consider Investing in Nanotechnology Stocks
- Virtual Riches: 3 Stocks Leading the VR Revolution
- What is the Hang Seng index?
- 5 eCommerce Companies that need to be on Your Watch List
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.