CSX has P/E (Price to Earnings ttm) value of 25.75, Forward P/E of 19.06, P/C (Price to cash per share) of 42.35 and Price to Free Cash Flow (P/FCF) value of 0.
A number of other institutional investors also recently made changes to their positions in the company. The stock remained 1.92% volatile for the week and 1.92% for the month. The stock is a Buy among 13 brokerage firms polled by Factset Research.
Operating income reported by CSX Corporation during the first quarter of the year was $712 million.
CSX Corp. (CSX) has 926.45 Million shares outstanding and 922.43 Million shares were floated in market. BMO Capital Markets downgraded CSX from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 31st. Looking at this figure it suggests that the shares of CSX Corp. (CSX) to Buy with no specific Price Target. Zacks Investment Research upgraded CSX from a "hold" rating to a "buy" rating and set a $54.00 price target on the stock in a report on Wednesday, March 1st.
Large investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of MI increased its stake in shares of CSX by 0.3% in the third quarter. They now have a $54.00 target price on the transportation company's stock, up from their previous target price of $48.00.
As with the response to the Daily Journal, CSX declined to disclose to the WSJ how many jobs will be affected by the closures, though the WSJ said OH news outlets are reporting almost three dozen jobs will be eliminated by closing the yard in Toledo. The company's stock had a trading volume of 6,414,572 shares.
CSX did eliminate about 1,000 management jobs earlier this year before Harrison was hired. Nordea Investment Management AB now owns 3,419,079 shares of the transportation company's stock valued at $104,282,000 after buying an additional 61,762 shares during the last quarter. Ballentine Partners LLC now owns 8,250 shares of the company's stock worth $252,000 after buying an additional 138 shares during the last quarter. (NASDAQ:CSX) traded up 0.43% during midday trading on Monday, hitting $46.62.
CSX Co. has a 12-month low of $24.43 and a 12-month high of $50.31. $38.63's average target is -23.96% below currents $50.8 stock price.
CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 19th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The return on equity ratio or ROE stands at 14.7 percent while most common profitability ratio return on investment (ROI) was 9.8 percent.
CSX also said it will repurchase $1 billion worth of its stock over the next year and increased its quarterly dividend to 20 cents from 18 cents. During the same quarter in the prior year, the firm earned $0.37 EPS. The business's quarterly revenue was up 9.6% compared to the same quarter a year ago.
CSX +2.5% AH after comfortably beating Q1 earnings expectations on a 9.5% Y/Y increase in revenues to $2.87B, fueled in part by a 3% rise in coal shipments. Amer Century invested 0.14% of its portfolio in CSX Corporation (NASDAQ:CSX). Investors of record on Wednesday, May 31st will be given a $0.20 dividend. This is an increase from CSX's previous quarterly dividend of $0.18. The ex-dividend date is Friday, May 26th.