CSX Corporation (NYSE:CSX) released its third quarter of fiscal 2015 (3QFY15) earnings after the closing bell on Tuesday. Stifel Nicolaus raised CSX from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Thursday, August 27th.
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Coal revenue fell 19 percent in the quarter to $583 million because demand from US utilities and export markets was weaker than expected.
Shares of CSX Corp. appreciated by 1.94% during the last five trading days but lost 0.46% on a 4-week basis.
CSX Corporation (NYSE:CSX) traded down -2.58% on 12 October, hitting $28.33. The purchase was disclosed in a filing with the SEC, which is available at this link. Moreover, Community Bank Of Raymore have 8.91% of their portfolio invested in the company for 522,973 shares. The company has a market capitalization of $27.26 billion and a PE ratio of 13.85.
CSX Corporation (NYSE:CSX) dropped -0.02% or -0.01 points to trade at $29.09 per share. The stock has a 50-day moving average price of $27.52 and a 200-day moving average price of $31.88. As per the latest trading data available, the net money flow stood at $3.04 million as the shares received $23.69 million in upticks and gave away $20.65 million in downticks. Stockholders of record on Monday, November 30th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Wednesday, November 25th. The consensus target price on the stock is $33.21. An 8% drop in total revenue ton-miles played a role in helping CSX run more smoothly, but the company has also worked hard to try to boost its overall operational efficiency. It provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.
A few bad news on the railroad’s coal business threw a few cold water on CSX’s results. A few bright spots, such as autos and containerized consumer goods, helped mitigate the declines.
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CSX Corporation (CSX), together with its subsidiaries, is a transportation supplier. Via a network of around 50 terminals, the intermodal business serves markets east of the Mississippi and transports manufactured consumer goods providing truck- like services for longer cargoes.
