CSX Co. (NASDAQ:CSX) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 23,448,882 shares, a growth of 20.0% from the February 28th total of 19,538,026 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 10,860,197 shares, the short-interest ratio is currently 2.2 days.
CSX has been the topic of several recent analyst reports. Vetr cut CSX from a “hold” rating to a “sell” rating and set a $34.20 target price on the stock. in a research report on Wednesday, November 30th. Bank of America Corp reiterated a “buy” rating and set a $40.00 target price on shares of CSX in a research report on Thursday, December 1st. Zacks Investment Research upgraded CSX from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Monday, December 5th. Royal Bank of Canada reiterated a “buy” rating on shares of CSX in a research report on Friday, January 6th. Finally, Morgan Stanley upgraded CSX from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $24.00 to $37.00 in a research report on Thursday, January 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $52.81.
CSX (NASDAQ:CSX) opened at 46.32 on Friday. CSX has a 52 week low of $24.36 and a 52 week high of $50.31. The stock has a market cap of $42.91 billion, a price-to-earnings ratio of 25.61 and a beta of 1.19. The firm’s 50 day moving average price is $47.83 and its 200-day moving average price is $37.94.
CSX (NASDAQ:CSX) last posted its quarterly earnings data on Tuesday, January 17th. The company reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.01. CSX had a net margin of 15.48% and a return on equity of 14.71%. The company had revenue of $2.86 billion for the quarter. During the same quarter in the previous year, the company earned $0.48 EPS. CSX’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that CSX will post $2.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, February 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. CSX’s dividend payout ratio is presently 39.78%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC bought a new position in CSX during the fourth quarter worth approximately $114,000. Community Bank N.A. raised its position in CSX by 19.9% in the third quarter. Community Bank N.A. now owns 4,300 shares of the company’s stock worth $132,000 after buying an additional 715 shares in the last quarter. Brick & Kyle Associates raised its position in CSX by 12.5% in the third quarter. Brick & Kyle Associates now owns 4,500 shares of the company’s stock worth $137,000 after buying an additional 500 shares in the last quarter. Integrated Wealth Counsel LLC bought a new position in CSX during the third quarter worth approximately $183,000. Finally, Kanaly Trust Co raised its position in CSX by 1.6% in the third quarter. Kanaly Trust Co now owns 6,210 shares of the company’s stock worth $189,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 69.47% of the company’s stock.
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CSX Corporation is a transportation company. 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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