Several other brokerages have also recently issued reports on CSX.
No. 3 US railroad CSX Corp. (CSX)'s stock to Overweight with no specific Price Target. The stock of CSX Corporation (NASDAQ:CSX) earned "Market Perform" rating by Oppenheimer on Thursday, June 16. (CSX) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued.
Among 3 analysts covering I.D. Systems (NASDAQ:IDSY), 3 have Buy rating, 0 Sell and 0 Hold. CSX presently has an average rating of "Buy" and a consensus price target of $55.09. Equities analysts predict that CSX will post $2.07 EPS for the current year. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading.
The stock now has its Annual Dividend of $0.72 and an annual Dividend Yield of 1.54 Percent. CSX Corporation has $65 highest and $18 lowest target. CSX also was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 9,302 put options on the company. On a year-over-year basis, volumes increased 1%.
Shares of railroad operator CSX Corp jumped more than 6 percent on Thursday after the company reported better-than-expected quarterly earnings and its CEO said it aims at lower costs, including job reductions, and improved margins. The Average Volume of the company is 11.96 Million and P/E (price to earnings) ratio is 25.75, while Forward P/E ratio is 19.06. (CSX) in a note sent to investors on 15-Mar-17.
Analyst recommendation for this stock stands at 2.20. During the same quarter past year, the firm earned $0.37 earnings per share.
Harrison, who was appointed chief executive officer earlier this year, said he expects to see attrition in the "8.5 - 9 percent" range, but declined to specify the number of reductions.
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Changes are coming to the CSX Transportation yard in Richmond County - but the company is being vague on what those will be. The company is paying a dividend of 20 cents per share to stockholders, which is up two pennies from the previous dividend. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, May 26th. The New York-based Clinton Gru has invested 0.07% in CSX Corporation (NASDAQ:CSX). CSX's dividend payout ratio (DPR) is 39.78%. About 4.08 million shares traded. Norges Bank acquired a new stake in shares of CSX during the fourth quarter valued at $306,397,000. Volatility for the week appears to be 1.98% in conjunction with the Volatility for the month at 1.95%. Bristol John W & Co. Inc. CSX Corporation had 52 analyst reports since August 13, 2015 according to SRatingsIntel.
Prior to Harrison taking the helm, CSX announced that it would be letting go 1,000 management employees, but the Jacksonville Business Journal reported that the final plan totaled about 800 cuts.
TRADEMARK VIOLATION NOTICE: "Town & Country Bank & Trust CO dba First Bankers Trust CO Has $1.688 Million Position in CSX Co".