CSX Corporation (NASDAQ:CSX) registered a -1.11% decrease, still its new closing price is 127.92% up from the company’s 1 year high of 49.13.It posted 8.41% gains in previous 5 sessions and is now the subject of 14 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 8 buy or better ratings. The 30 stock analysts following this company have an average price target at $42.77, with individual PT in the $31.00-$65.00 range. The shares moved at $48.06, implying that brokerage firms see shares gaining about 120.48% in twelve months time.
CSX Corporation (CSX) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 33.76% rise year to date. A President at CSX Corporation (CSX) offloaded shares in a transaction closed on Monday December 12, 2016. GOODEN CLARENCE W sold 28,587 shares in the company at $36.92 each and collected $1,055,000 in proceeds. GOODEN CLARENCE W now owns 62,035 shares in the company after this transaction. A President in the company, GOODEN CLARENCE W, disclosed a transaction on Monday December 12, 2016 that ended up generating $1,055,000 from the sale of 28,587 shares at $36.92 per share.
CSX Corporation (NASDAQ:CSX) Upcoming Results on Tap
CSX Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.43 in that period. Sales during the quarter are predicted to arrive at $2.75 billion.
Earnings surprise history: Last quarter, the company posted approximately $3.04 billion in revenue and EPS of $0.49. The mean forecast was for $2.89 billion and $0.50 a share, respectively. One quarter earlier, revenue for the stock was at $2.71 billion, with earnings at $0.48/share.
CSX Corporation (CSX) Brokerage Update
CSX Corporation (CSX) is in UBS’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by UBS, according to news reported on Wednesday January 25, 2017.Another important research note was issued by Deutsche Bank on Friday January 20, 2017.The firm downgraded CSX to Hold from Buy. Over the last six months and over the last three months, the shares of CSX Corporation (CSX), have changed 71.49% and 59.01%, respectively.