Published: Thu, March 15, 2018
Research | By Jody Lindsey

CSX (NASDAQ:CSX) Given Outperform Rating at Cowen


Welch Capital Partners Llc sold 30,366 shares as Alibaba Group Holding (BABA)'s stock rose 22.58%. CSX reported earnings of $0.51 per share during the same quarter last year, which would suggest a positive year over year growth rate of 29.4%. Augustine Asset Management Inc who had been investing in Csx Corp (Csx) for a number of months, seems to be bullish on the $50.82B market cap company.

CSX (NASDAQ:CSX) traded down $0.11 during mid-day trading on Tuesday, reaching $57.48. Beta value of the stock is marked at 1.25. CSX Corporation (NYSE:CSX) has risen 97.18% since March 14, 2017 and is uptrending. It has outperformed by 80.48% the S&P500. Integral Derivatives Llc bought 17,500 shares as the company's stock rose 23.06% with the market. The institutional investor held 57,044 shares of the consumer services company at the end of 2017Q3, valued at $4.46 million, up from 51,224 at the end of the previous reported quarter. Bluespruce Investments Lp who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $83.00B market cap company. Walmart Inc. (NYSE:WMT) has risen 13.83% since March 12, 2017 and is uptrending.

Sessa Capital Im Lp, which manages about $171.01M and $908.16M US Long portfolio, decreased its stake in Gnc Hldgs Inc (NYSE:GNC) by 1.10M shares to 500,000 shares, valued at $4.42M in 2017Q3, according to the filing. It also reduced its holding in Baird (BSBIX) by 39,339 shares in the quarter, leaving it with 722,996 shares, and cut its stake in Broadcom Limited.

Since September 21, 2017, it had 0 insider purchases, and 5 selling transactions for $7.28 million activity. The insider WALTON JIM C sold $158.93 million. About 4.93M shares traded. 2,065 Walmart Inc. (NYSE:WMT) shares with value of $200,291 were sold by Canney Jacqueline P. The stock of CSX Corporation (NASDAQ:CSX) has "Buy" rating given on Wednesday, January 25 by UBS. Ctrip.com International Ltd. had 51 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned "Neutral" rating on Friday, May 20 by Citigroup. BMO Capital Markets has "Market Perform" rating and $35 target.

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CSX announced that its Board of Directors has authorized a share repurchase plan on Monday, February 12th that allows the company to buyback $5.00 billion in shares. Morgan Stanley initiated the Rubicon Project, Inc. (NYSE:WMT) rating on Thursday, May 19. The stock of CSX Corporation (NASDAQ:CSX) earned "Overweight" rating by JP Morgan on Thursday, October 12. The stock of Walmart Inc. Credit Suisse maintained the stock with "Outperform" rating in Wednesday, October 18 report. Oppenheimer maintained the shares of EPZM in report on Monday, July 24 with "Buy" rating. The rating was maintained by RBC Capital Markets on Wednesday, September 2 with "Outperform".

Investors sentiment decreased to 1.46 in 2017 Q3. Its the same as in 2017Q2. Vertex Pharmaceuticals Inc (NASDAQ:VRTX) was raised too. 881.34 million shares or 0.46% more from 877.29 million shares in 2017Q2 were reported. Accern also gave media headlines about the transportation company an impact score of 45.3702501344028 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days. Burney has 69,298 shares for 0.24% of their portfolio. See NewStar Financial, Inc. Jefferies Gp Ltd Llc holds 0.05% or 148,395 shares. First Manhattan holds 0.05% or 112,684 shares. Bb&T Securities Limited Liability reported 188,276 shares. (NYSE:WMT). 352,417 are held by Deprince Race Zollo Inc. Fisher Asset Ltd Liability holds 0% in CSX Corporation (NASDAQ:CSX) or 15,776 shares. Spectrum Asset Mgmt (Nb Ca) holds 0.26% or 5,600 shares. The Ontario - Canada-based Royal Comml Bank Of Canada has invested 0% in Epizyme, Inc. Janney Montgomery Scott Limited Company has invested 0.04% in CBS Corporation (NYSE:CBS). (NYSE:WMT) for 33,234 shares. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the stock. CSX Corporation had 110 analyst reports since August 13, 2015 according to SRatingsIntel. As per Thursday, November 19, the company rating was maintained by Oppenheimer. Barclays Capital maintained it with "Equal-Weight" rating and $55 target in Friday, October 13 report. The company operates in the Industrials sector with a market capitalization of 49.46 Million. The stock now has a consensus rating of "Buy" and an average target price of $60.71.

Investors sentiment decreased to 0.66 in 2017 Q3. Its down 0.17, from 0.83 in 2017Q2. It is positive, as 56 investors sold CSX shares while 351 reduced holdings. 65 funds opened positions while 204 raised stakes. For the next financial year, analysts expect that the business will report earnings of $3.61 per share, with EPS estimates ranging from $3.41 to $3.75. Loews Corp stated it has 8,000 shares. Hl Fincl Serv Ltd Limited Liability Company stated it has 0.12% in CSX Corporation (NASDAQ:CSX). Moreover, First Heartland Consultants Inc has 0.08% invested in CSX Corporation (NASDAQ:CSX). Finally, BidaskClub upgraded shares of CSX from a "sell" rating to a "hold" rating in a research note on Wednesday, December 6th. Raymond James & Assoc has 339,616 shares. Coldstream Mgmt reported 4,854 shares stake. UBS maintained CSX Corporation (NASDAQ:CSX) rating on Monday, October 16. Pub Employees Retirement Systems Of Ohio holds 0.18% of its portfolio in CSX Corporation (NASDAQ:CSX) for 624,949 shares. Aqr Capital Management Lc holds 0% or 53,761 shares. Perigon Wealth Ltd Liability Corp owns 2,569 shares. Palladium Ltd Liability Co holds 0.08% or 19,242 shares in its portfolio.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on May, 17. CSX's profit will be $603.32 million for 21.24 P/E if the $0.68 EPS becomes a reality.

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