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 3.74M 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 $434.17 million for 16.46 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 -7.86% below today’s ($30.28) stock price. CSX Corp has been the topic of 11 analyst reports since January 4, 2016 according to StockzIntelligence Inc. The stock of CSX Corporation (NASDAQ:CSX) has “Buy” rating given on Tuesday, February 23 by Bank of America. Argus Research maintained CSX Corporation (NASDAQ:CSX) rating on Tuesday, January 19. Argus Research has “Buy” rating and $28.0 price target. The firm earned “Market Perform” rating on Thursday, January 14 by Cowen & Co. RBC Capital Markets maintained it with “Outperform” rating and $27.0 target price in Thursday, January 14 report.
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.
Natl Asset Management has 25,781 shares for 0.08% of their US portfolio. Finemark National Bank & Trust And Trust holds 0.07% or 24,448 shares in its portfolio. First Niagara National Bank accumulated 33,700 shares or 0.25% of the stock. Veritable L P has invested 0.02% of its portfolio in CSX Corporation (NASDAQ:CSX). Foundry Partners Limited Liability Co has invested 0.35% of its portfolio in CSX Corporation (NASDAQ:CSX). Hyman Charles D, a Florida-based fund reported 321,283 shares. Mycio Wealth Limited Liability Corporation has 10,628 shares for 0.05% of their US portfolio. Scotia Capital Inc has invested 0.03% of its portfolio in CSX Corporation (NASDAQ:CSX). Cohen Management owns 106,670 shares or 0.81% of their US portfolio. Moreover, Cetera Lc has 0.02% invested in CSX Corporation (NASDAQ:CSX) for 11,019 shares. Nationwide Fund Advsrs has invested 0.22% of its portfolio in CSX Corporation (NASDAQ:CSX). Clifford Swan Investment Counsel Limited Liability Corp last reported 0.01% of its portfolio in the stock. Henderson Public Limited Com holds 117,160 shares or 0.03% of its portfolio. The Texas-based Afam Incorporated has invested 0.15% in CSX Corporation (NASDAQ:CSX). Atlantic Trust Grp last reported 0% of its portfolio in the stock.
Insider Transactions: Since September 26, 2016, the stock had 0 insider buys, and 1 insider sale for $510,184 net activity. Another trade for 17,332 shares valued at $510,184 was sold by GOODEN CLARENCE W.
CSX Corporation, together with its subsidiaries, is a transportation company. The company has a market cap of $28.58 billion. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. It has a 16.54 P/E ratio. The Firm serves three lines of business, such as merchandise business, coal business and intermodal business.
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