Published: Sat, April 22, 2017
Economy | By Melissa Porter

TD Securities Reaffirms Buy Rating for CSX Co. (CSX)

TD Securities Reaffirms Buy Rating for CSX Co. (CSX)

A number of key analysts, polled by FactSet, shared their views about the current stock momentum. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several equities research analysts recently weighed in on the company. "This follows the successful completion of CSX's previous repurchase plan, during which the company bought back $2 billion worth of shares since April 2015", CSX said.

Shares of CSX (NASDAQ:CSX) traded up 5.60% during mid-day trading on Thursday, reaching $49.56. BMO Capital Markets downgraded CSX from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 31st. The correct version of this piece can be read at The stock has a Return on Assets of 4.9 percent, Return on Investment of 9.8 percent and a Return on Equity of 14.7 percent. Vetr lowered CSX Corporation from a "strong-buy" rating to a "buy" rating and set a $33.67 price target on the a research report on Wednesday, October 19th. Norges Bank acquired a new stake in CSX during the fourth quarter valued at $306,397,000. Municipal Employees Retirement System of MI increased its stake in shares of CSX by 0.3% in the third quarter.

CSX's second-quarter volume outlook is favorable due to anticipated growth in most markets.

CSX shares rose almost three per cent in after-hours trading.

CSX has a 1-year high price of $ 50.31 and 1-year low price of $23.97. Finally, Toronto Dominion Bank raised its position in CSX by 1,664.7% in the third quarter. Ballentine Partners LLC now owns 8,250 shares of the company's stock worth $252,000 after buying an additional 138 shares during the last quarter.

Press coverage about CSX (NASDAQ:CSX) has trended somewhat positive this week, according to AlphaOne. The current share price indicate that stock is -24.95% away from its one year high and is moving 27.75% ahead of its 52-week low.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 29.95%, and has a solid year to date (YTD) performance of 31.6% which means the stock is constantly adding to its value from the previous fiscal year end price.

The stock now has its Annual Dividend of $0.72 and an annual Dividend Yield of 1.54 Percent.

(NASDAQ:CSX) by 0.4% during the first quarter, Holdings Channel reports.

"The $173 million restructuring charge, or $0.12 per share, was taken during the quarter resulting in adjusted EPS of $0.51, better than our and consensus' $0.43 estimate".

Revenue in the first quarter increased 10 per cent to US$2.87 billion from US$2.62 billion. The volume of 3.9 Million shares climbed up over an trading activity of 12.19 Million shares. That would mean earnings of $2.26 per share, surpassing the Street's expectation for $2.09 per share.

CSX Corporation (NASDAQ:CSX) announced financial guidance as it applies the Precision Scheduled Railroading model to its operations. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.20 per share. The New York-based Clinton Gru has invested 0.07% in CSX Corporation (NASDAQ:CSX).

The stock's price switched up 0.18% 20-Days Simple Moving Average, dropped -1.19% from 50-Days Simple Moving Average and rose 29.95% from 200 Days Simple Moving Average.

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