New CSX CEO buys $15 million of the railroad's stock

New CSX CEO buys $15 million of the railroad's stock

Argus reaffirmed an "equal weight" rating and issued a $45.00 price objective on shares of CSX in a research report on Thursday, January 19th. TD Securities upgraded shares of CSX from a "hold" rating to a "buy" rating and set a $57.00 price objective for the company in a report on Monday, January 30th. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. CSX Corporation (NASDAQ:CSX)'s price to sales ratio for trailing twelve month stands at 4.25, whereas its price to book ratio for most recent quarter sits at 4.05. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have given a buy rating to the company's stock. Its Day High was 39.70% and Day Low showed 11.80%.

CSX (NASDAQ:CSX) traded up 0.64% during trading on Wednesday, reaching $46.93. Stock exchanged hands with the total volume of 11.19 Million shares, as contrast to its average volume of 7.97 Million shares. The company has a 50-day moving average price of $47.45 and a 200 day moving average price of $40.78. The company has a market cap of $43.48 billion, a P/E ratio of 25.94 and a beta of 1.19. The transportation company reported $0.51 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.43 by $0.08. The company earned $2.87 billion during the quarter, compared to the consensus estimate of $2.76 billion. The return on equity ratio or ROE stands at 20.8 percent while most common profitability ratio return on investment (ROI) was 13.6 percent. The business's revenue was up 9.6% compared to the same quarter a year ago. During the same quarter in the prior year, the firm earned $0.37 EPS. CSX posted sales of $2.7 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 5.6%.

China urges parties to stay calm over Korean Peninsula situation
The call came as ties between the two Communist allies have visibly deteriorated after China banned all coal imports from North Korea from February 26.


The target price for CSX Corp. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and worldwide trademark and copyright law. The legal version of this news story can be viewed at The company also has high expectations for the rest of the year. Shareholders of record on Wednesday, May 31st will be given a $0.20 dividend. The ex-dividend date is Friday, May 26th. The quarterly dividend jumps from $0.18 to $0.20. At present, 8 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. The shares were bought at an average cost of $50.20 per share, with a total value of $15,060,000.00. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.

N.Korea 'ready to strike' U.S. aircraft carrier
The joint exercises are created to increase pressure on North Korea by emphasizing the US-Japan alliance, the newspaper reported. A USA aircraft carrier strike group is finally sailing north toward the Korean Peninsula after much confusion about where it is.

A number of institutional investors have recently modified their holdings of CSX. Brick And Kyle Associates has 0.13% invested in CSX Corporation (NASDAQ:CSX). Pinnacle Bank purchased a new stake in CSX during the first quarter worth approximately $156,000. The fund owned 180,630 shares of the transportation company's stock after buying an additional 8,270 shares during the period. Community Bank N.A. boosted its stake in shares of CSX by 19.9% in the third quarter. RWC Asset Management LLP now owns 404,370 shares of the transportation company's stock worth $12,333,000 after buying an additional 141,070 shares during the last quarter. RWC Asset Management LLP raised its position in CSX by 53.6% in the third quarter.

CSX Corporation (NASDAQ:CSX) Railroads has a Current Ratio of 1.2 with a Quick Ratio value of 1. Finally, Russell Investments Group Ltd. bought a new position in CSX during the fourth quarter worth approximately $15,156,000.

US Navy gathers off Korea
Seoul's Joint Chiefs of Staff said its military "is keeping a close eye" on the North's activities , with backing from U.S. North Korean strongman Kim Jong-un reportedly attended the demonstration, according to South Korean news agency Yonhap .

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