How Analysts Feel About CSX Corporation After Today’s Bearish Options Activity?


 How Analysts Feel About CSX Corporation After Today's Bearish Options Activity?

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 3.11 million 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 earnings per share, down 11.54% or $0.06 from last year’s $0.52 per share. CSX’s profit will be $434.08 million for 16.40 P/E if the $0.46 EPS becomes a reality. After $0.47 actual earnings per share 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 -7.52% below today’s ($30.17) stock price. CSX Corp has been the topic of 11 analyst reports since January 4, 2016 according to StockzIntelligence Inc. The company was maintained on Tuesday, January 19 by Argus Research. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, January 14 report. Cowen & Co maintained CSX Corporation (NASDAQ:CSX) on Thursday, January 14 with “Market Perform” rating. Bank of America upgraded CSX Corporation (NASDAQ:CSX) on Tuesday, February 23 to “Buy” rating.

Insitutional Activity: The institutional sentiment increased to 0.95 in 2016 Q2. Its up 0.08, from 0.87 in 2016Q1. The ratio is positive, 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.
The California-based Fin Advisers Ltd Liability Corporation has invested 0.01% in CSX Corporation (NASDAQ:CSX). Calamos Advsrs Ltd Company last reported 0.51% of its portfolio in the stock. Robeco Institutional Asset Mgmt Bv holds 0.01% of its portfolio in CSX Corporation (NASDAQ:CSX) for 46,809 shares. Osborn Rohs Williams & Donohoe Limited accumulated 0.52% or 102,282 shares. Asset, a Michigan-based fund reported 99,512 shares. Associated Banc holds 0.03% or 17,246 shares in its portfolio. North Star Invest Management has 0.37% invested in the company for 77,535 shares. Keybank Natl Association Oh holds 311,996 shares or 0.05% of its portfolio. Engineers Gate Manager Lp has 109,700 shares for 0.21% of their US portfolio. Burns J W & Ny has 84,602 shares for 0.67% of their US portfolio. Strs Ohio last reported 799,398 shares in the company. The Connecticut-based Founders Cap Mngmt Limited Co has invested 3.82% in CSX Corporation (NASDAQ:CSX). Tiaa Cref Investment Llc reported 3.65 million shares or 0.07% of all its holdings. Sumitomo Mitsui Asset Management Limited has invested 0.06% of its portfolio in CSX Corporation (NASDAQ:CSX). The California-based Ashfield Prtnrs Limited Liability Co has invested 0.04% in CSX Corporation (NASDAQ:CSX).

Insider Transactions: Since September 26, 2016, the stock had 0 buys, and 1 sale for $510,184 net activity. On Monday, September 26 the insider GOODEN CLARENCE W sold $510,184.

CSX Corporation, together with its subsidiaries, is a transportation company. The company has a market cap of $28.48 billion. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. It has a 16.49 P/E ratio. The Firm serves three lines of business, such as merchandise business, coal business and intermodal business.

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