According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.1 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Financial Architects Inc increased its position in CSX Corporation by 1.9% in the first quarter. Institutional investors and hedge funds own 69.31% of the company's stock. CSX Corporation reported earnings per share of $0.47 during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.4%. Victory Capital Management Inc. now owns 325,317 shares of the transportation company's stock valued at $15,143,000 after buying an additional 278,420 shares during the period. LBA Wealth Management LLC raised its position in CSX Corporation by 323.1% in the first quarter. Gamble Jones Investment Counsel now owns 7,578 shares of the transportation company's stock worth $353,000 after buying an additional 21 shares during the period.
By having an overview of the Income statement for CSX Corporation (NASDAQ:CSX) the Revenue for the trailing twelve months is 11.32 Billion. Jackson Grant Investment Advisers Inc. now owns 9,519 shares of the transportation company's stock worth $342,000 after buying an additional 25 shares during the period. Finally, Hefty Wealth Partners bought a new position in CSX Corporation during the first quarter valued at $146,000. MCF Advisors LLC now owns 2,832 shares of the transportation company's stock valued at $132,000 after buying an additional 9 shares in the last quarter. According to these analysts, the Low Revenue Estimate for CSX Corp.is 2.75 Billion and the High Revenue Estimate is 3 Billion. 2,328,857 shares of the company's stock traded hands.
Shares of CSX Corporation (NASDAQ:CSX) opened at 54.83 on Friday.
Among 24 analysts covering CSX Corporation (NYSE:CSX), 17 have Buy rating, 1 Sell and 6 Hold. The company has a market capitalization of $50.59 billion, a PE ratio of 29.93 and a beta of 1.32. The lowest price the stock reached in the last trading day was $54.58 and compares with the $26.07 52-week low. CSX Corporation has 10 buy ratings, 8 holds and 0 sells even after the stock tumbled -0.22% from its high of $55.44 to a $51.39 billion market value through last close. The company reported the earnings of $0.51/Share in the last quarter where the estimated EPS by analysts was $0.43/share. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the business posted $0.37 earnings per share. Equities research analysts expect that CSX Corporation will post $2.30 earnings per share for the current fiscal year. Shareholders of record on Thursday, August 31st will be given a dividend of $0.20 per share.
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Since March 7, 2017, it had 0 insider buys, and 1 sale for $84.00 million activity. CSX Corporation's payout ratio is 43.72%. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of U.S. & worldwide copyright and trademark law. The original version of this article can be read at https://transcriptdaily.com/2017/07/14/blair-william-co-il-boosts-stake-in-csx-corporation-nasdaqcsx-updated.html.
Several analysts have recently issued reports on CSX shares. Bank of America Corporation reaffirmed a "buy" rating and issued a $65.00 price target (up from $56.00) on shares of CSX Corporation in a report on Tuesday, June 6th. Atlantic Securities upgraded shares of CSX Corporation from a "neutral" rating to an "overweight" rating and set a $57.00 price objective for the company in a research note on Wednesday, March 15th. BidaskClub upgraded shares of CSX Corporation from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 6th. Avondale Partners raised CSX Corporation from a "market perform" rating to a "market outperform" rating in a research report on Tuesday, March 28th. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold".
In related news, CEO E Hunter Harrison bought 300,000 shares of the business's stock in a transaction dated Monday, April 24th. The shares were purchased at an average cost of $50.20 per share, with a total value of $15,060,000.00. Following the completion of the transaction, the chief executive officer now directly owns 300,000 shares in the company, valued at approximately $15,060,000.