Finally, RBC Capital upgraded shares of CSX from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $34.00 to $37.00 in a research report on Wednesday, July 15th.
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In other news, Director David M. Ratcliffe bought 1,868 shares of the stock in a transaction dated Tuesday, September 1st. The 50-Day Moving Average price is $27.49 and the 200 Day Moving Average price is recorded at $31.94.
CSX reiterated that it expects 2015 earnings-per-share growth in the “mid-single digits”. The shares closed down 0.01 points or 0.03% at $29.08 with 7,545,607 shares getting traded.
CSX Corporation (NYSE:CSX): 13 Analyst have given the stock of CSX Corporation (NYSE:CSX) a near short term price target of $33.31. The price per share was $26.84 and the total amount of the disclosed transaction was $50,137.
Shares in CSX Corporation (N:CSX) ticked up in after-hours trading after one of the nation’s top railroad companies posted mixed results with its third-quarter report released on Tuesday evening.
CSX shares have fallen 23 percent since the beginning of the year, while the Standard & Poor’s 500 index has declined roughly 3 percent.
CSX Corp’s market cap is now $28.61B and has a P/E ratio of 14.5. Following the completion of the purchase, the director now owns 1,868 shares in the company, valued at $50,137.12. The company earned $3.06 million during the quarter, compared to analyst estimates of $3.12 billion.
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In the third quarter, every category of freight CSX hauls declined, but coal alone accounted for nearly half of a 9 percent drop in revenue from the year-ago quarter. This represents a $0.72 annualized dividend and a dividend yield of 2.60%. The Company provides rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers. The Companys intermodal business links customers to railroads through trucks and terminals. The Business ‘s merchandise company transportation aggregates (which contain crushed stone, sand and gravel), metal, phosphate, fertilizer, food, consumer (manufactured goods and appliances), agricultural, automotive, paper and chemical products. Its coal business transports national coke coal and iron ore to electricity-generating power plants, steel makers and industrial plants, together with export coal to deep water port facilities.
