Several equities research analysts recently weighed in on CSX shares. The stock of CSX Corporation (NASDAQ:CSX) has "Buy" rating given on Monday, January 30 by TD Securities. Valeo Financial Advisors LLC bought a new stake in shares of CSX Corporation in the third quarter worth $196,000. Royal Bank Of Canada reaffirmed a "buy" rating and set a $65.00 price target on shares of CSX Corporation in a research report on Friday, August 11th. The correct version of this story can be viewed at https://www.truebluetribune.com/2017/11/16/csx-corporation-csx-research-coverage-started-at-goldman-sachs-group-inc-the.html. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock.
The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -4.22%, and has a solid year to date (YTD) performance of 35.35% which means that the stock is constantly adding to its value from the previous fiscal year end price. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and worldwide copyright law. Trading volume for CSX Corp. was 4.95 Million in its previous trading session.
Shares of CSX Corporation (CSX) traded down $0.77 on Thursday, reaching $48.63. 4,880,542 shares of the stock traded hands. CSX Corp. has a one year low of $21.33 and a one year high of $36.86. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.05 and a quick ratio of 0.86. The stock is now moving below its 20-Day Simple Moving Average of -6.26% with a 50-Day Simple Moving Average of -7.03 percent. CSX Corporation had a return on equity of 17.28% and a net margin of 15.45%.
More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Globenewswire.com which released: "CSX Corporation Announces New Chief Operating Officer and Executive Management ..." on October 25, 2017, also Seekingalpha.com with their article: "CSX Corporation's (CSX) CEO Hunter Harrison on Q3 2017 Results - Earnings Call ..." published on October 18, 2017, Cnbc.com published: "Cramer's lightning round: Hold out for gains in CSX Corporation" on October 27, 2017. It improved, as 58 investors sold CSX shares while 339 reduced holdings. During the same quarter in the prior year, the business posted $0.48 EPS. The company had a trading volume of 7,168,731 shares, compared to its average volume of 8,605,033.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, November 29th. CSX Corp.'s dividend payout ratio is 40.00%.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by StockNewsTimes and is the property of of StockNewsTimes. ValuEngine lowered shares of CSX Corporation from a "buy" rating to a "hold" rating in a research report on Monday, October 2nd. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and worldwide trademark & copyright law.
In other CSX Corp. news, President Clarence W. Gooden sold 15,625 shares of the firm's stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $32.00, for a total value of $500,000.00. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. The disclosure for this sale can be found here. Insiders own 0.36% of the company's stock. Founders Capital Management raised its stake in CSX Corp.by 3.2% in the fourth quarter. Eaton Vance Management now owns 5,126,177 shares of the transportation company's stock valued at $279,684,000 after acquiring an additional 333,005 shares during the period. First Premier Bank acquired a new stake in CSX Corp. during the fourth quarter worth about $2,154,000. Finally, Eaton Vance Management boosted its stake in shares of CSX Corporation by 6.9% in the 2nd quarter. Geode Capital Management LLC now owns 9,175,880 shares of the transportation company's stock valued at $426,540,000 after acquiring an additional 648,154 shares during the period. Finally, OZ Management LP boosted its stake in CSX Corporation by 266.3% during the first quarter. Janus Capital Management LLC now owns 16,620,538 shares of the transportation company's stock worth $773,686,000 after buying an additional 4,114,395 shares in the last quarter. Lpl Financial Limited Liability Corporation has invested 0.03% in CSX Corporation (NASDAQ:CSX). 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.