Could CSX Corporation (CSX) Skyrocket Even More? The Stock Just Made 52-Week High

January 16, 2018 - By Hazel Jackson

Investors sentiment decreased to 0.66 in 2017 Q3. Its down 0.17, from 0.83 in 2017Q2. It is negative, as 56 investors sold CSX Corporation shares while 351 reduced holdings. 65 funds opened positions while 204 raised stakes. 612.12 million shares or 2.65% less from 628.79 million shares in 2017Q2 were reported.
Roof Eidam & Maycock Adv invested in 0.49% or 17,600 shares. Leavell Management Incorporated invested 0.07% of its portfolio in CSX Corporation (NASDAQ:CSX). Cubist Systematic Strategies Llc holds 0.02% in CSX Corporation (NASDAQ:CSX) or 5,600 shares. Advsr Asset Mgmt Inc has 0% invested in CSX Corporation (NASDAQ:CSX). First Republic Invest holds 0.03% or 89,059 shares. Lord Abbett And Limited Company, New Jersey-based fund reported 705,402 shares. Cedar Hill Associate Ltd Llc has 5,044 shares. Davidson & Garrard Inc reported 0.09% stake. Horan Cap Limited Liability Corporation accumulated 200 shares. Farmers National Bank, a Kentucky-based fund reported 7,514 shares. Forte Limited Liability Adv invested 0.07% in CSX Corporation (NASDAQ:CSX). Destination Wealth Mgmt holds 0.05% or 15,165 shares. Td Asset Management Inc owns 514,468 shares or 0.04% of their US portfolio. Mutual Of America Capital Management Ltd Company reported 0.1% in CSX Corporation (NASDAQ:CSX). Keybank National Association Oh stated it has 314,112 shares or 0.1% of all its holdings.

The stock of CSX Corporation (NASDAQ:CSX) hit a new 52-week high and has $62.85 target or 8.00 % above today’s $58.19 share price. The 7 months bullish chart indicates low risk for the $52.01B company. The 1-year high was reported on Jan, 16 by Barchart.com. If the $62.85 price target is reached, the company will be worth $4.16 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.79% or $1.06 during the last trading session, reaching $58.19. About 5.81 million shares traded. CSX Corporation (NASDAQ:CSX) has risen 97.18% since January 16, 2017 and is uptrending. It has outperformed by 80.48% the S&P500.

CSX Corporation (NASDAQ:CSX) Ratings Coverage

Among 6 analysts covering CSX Corp (NASDAQ:CSX), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. CSX Corp had 11 analyst reports since January 4, 2016 according to SRatingsIntel. The stock of CSX Corporation (NASDAQ:CSX) earned “Buy” rating by Argus Research on Tuesday, January 19. The firm earned “Buy” rating on Tuesday, February 23 by Bank of America. The rating was maintained by Cowen & Co with “Market Perform” on Thursday, January 14. As per Thursday, January 14, the company rating was maintained by RBC Capital Markets.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Globenewswire.com which released: “CSX Corporation Announces 2018 Investor and Analyst Conference” on January 11, 2018, also Usnews.com with their article: “CSX May Struggle to Recover From CEO’s Death” published on December 18, 2017, Seekingalpha.com published: “Sell CSX Into Earnings” on January 16, 2018. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Streetinsider.com and their article: “CSX Corp. (CSX) Names James Foote President and CEO” published on December 22, 2017 as well as Streetinsider.com‘s news article titled: “CSX Corp. (CSX) Names Edmond L. Harris as Executive Vice President of Operations” with publication date: January 08, 2018.

CSX Corporation, together with its subsidiaries, provides rail transportation services in the United States and Canada. The company has market cap of $52.01 billion. The firm offers rail services, as well as transports intermodal containers and trailers. It has a 29.98 P/E ratio. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

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