In today’s session CSX Corporation (CSX) recorded an unusually high (3,371) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the May, 2017 put, expecting serious CSX decrease. With 3,371 contracts traded and 354 open interest for the May, 17 contract, it seems this is a quite bearish bet. The option with symbol: CSX170519P00030000 closed last at: $2.15 or 13.7% down. About 601,565 shares traded hands. CSX Corporation (NASDAQ:CSX) has risen 23.50% since March 1, 2016 and is uptrending. It has outperformed by 14.26% the S&P500.
Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on October, 11. They expect $0.46 EPS, down 11.54% or $0.06 from last year’s $0.52 per share. CSX’s profit will be $434.15M for 16.54 P/E if the $0.46 EPS becomes a reality. After $0.47 actual EPS reported by CSX Corporation for the previous quarter, Wall Street now forecasts -2.13% negative EPS growth.
CSX Corporation (NASDAQ:CSX) Ratings Coverage
Out of 6 analysts covering CSX Corp (NASDAQ:CSX), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $33 is the highest target while $25.0 is the lowest. The $27.90 average target is -8.34% below today’s ($30.44) stock price. CSX Corp has been the topic of 11 analyst reports since January 4, 2016 according to StockzIntelligence Inc. RBC Capital Markets maintained CSX Corporation (NASDAQ:CSX) on Thursday, January 14 with “Outperform” rating. Argus Research maintained CSX Corporation (NASDAQ:CSX) rating on Tuesday, January 19. Argus Research has “Buy” rating and $28.0 price target. Bank of America upgraded the stock to “Buy” rating in Tuesday, February 23 report. The firm earned “Market Perform” rating on Thursday, January 14 by Cowen & Co.
Insitutional Activity: The institutional sentiment increased to 0.95 in Q2 2016. Its up 0.08, from 0.87 in 2016Q1. The ratio increased, as 53 funds sold all CSX Corporation shares owned while 275 reduced positions. 64 funds bought stakes while 246 increased positions. They now own 639.14 million shares or 2.82% less from 657.68 million shares in 2016Q1.
Firstmerit Financial Bank N A Trustee, a Ohio-based fund reported 20,914 shares. The Ohio-based Fort Washington Inv Advisors Oh has invested 0.83% in CSX Corporation (NASDAQ:CSX). The Florida-based Finemark Bancorp Trust has invested 0.07% in CSX Corporation (NASDAQ:CSX). Camelot Portfolios Limited has 0.64% invested in the company for 41,920 shares. New York State Teachers Retirement Systems has 1.79 million shares for 0.12% of their US portfolio. The Tennessee-based Delta Asset Mngmt Ltd Tn has invested 0% in CSX Corporation (NASDAQ:CSX). Credit Suisse Ag holds 4.17 million shares or 0.12% of its portfolio. Stevens Cap Limited Partnership last reported 196,058 shares in the company. The California-based Baker Avenue Asset Mngmt L P has invested 0.52% in CSX Corporation (NASDAQ:CSX). Bridgewater Limited Partnership holds 0.02% of its portfolio in CSX Corporation (NASDAQ:CSX) for 57,600 shares. Usca Ria Ltd Liability has 32,010 shares for 0.14% of their US portfolio. Cadence Capital Lc holds 145,610 shares or 0.29% of its portfolio. Nordea Mngmt Ab last reported 3.36 million shares in the company. Apriem Advisors accumulated 50 shares or 0% of the stock. Moreover, Engineers Gate Manager Limited Partnership has 0.21% invested in CSX Corporation (NASDAQ:CSX) for 109,700 shares.
Insider Transactions: Since September 26, 2016, the stock had 0 buys, and 1 sale for $510,184 net activity. 17,332 CSX Corporation (NASDAQ:CSX) shares with value of $510,184 were sold by GOODEN CLARENCE W.
CSX Corporation, together with its subsidiaries, is a transportation company. The company has a market cap of $28.73 billion. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. It has a 16.63 P/E ratio. The Firm serves three lines of business, such as merchandise business, coal business and intermodal business.
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