CSX Co. (NASDAQ:CSX)’s share price dropped 0% during mid-day trading on Monday . The stock traded as low as $51.96 and last traded at $51.99. Approximately 8,968,873 shares traded hands during trading, an increase of 29% from the average daily volume of 6,969,825 shares. The stock had previously closed at $51.99.

CSX has been the topic of several recent analyst reports. BidaskClub upgraded shares of CSX from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. UBS Group set a $68.00 price objective on shares of CSX and gave the company a “buy” rating in a report on Sunday, December 3rd. Goldman Sachs Group initiated coverage on shares of CSX in a report on Monday, November 13th. They set a “sell” rating and a $45.00 price objective on the stock. Credit Suisse Group increased their price target on shares of CSX from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of CSX from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $60.38.

The firm has a market capitalization of $46,460.00, a P/E ratio of 8.57, a P/E/G ratio of 1.35 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 1.01 and a debt-to-equity ratio of 0.80.

CSX (NASDAQ:CSX) last issued its quarterly earnings data on Tuesday, January 16th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.89 billion. CSX had a net margin of 47.96% and a return on equity of 17.16%. The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. equities research analysts forecast that CSX Co. will post 3.07 EPS for the current year.

CSX announced that its Board of Directors has approved a share repurchase program on Wednesday, October 25th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Gary Keith Anderson acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of $2,300.00 per share, with a total value of $11,500,000.00. 4.79% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in CSX. First Command Financial Services Inc. lifted its position in shares of CSX by 130.0% during the 4th quarter. First Command Financial Services Inc. now owns 2,123 shares of the transportation company’s stock valued at $117,000 after buying an additional 1,200 shares in the last quarter. Front Row Advisors LLC purchased a new position in shares of CSX during the 4th quarter valued at approximately $135,000. Valeo Financial Advisors LLC purchased a new position in shares of CSX during the 3rd quarter valued at approximately $196,000. St. Louis Trust Co purchased a new position in shares of CSX during the 4th quarter valued at approximately $209,000. Finally, Laurel Wealth Advisors Inc. purchased a new position in shares of CSX during the 2nd quarter valued at approximately $226,000. Hedge funds and other institutional investors own 69.94% of the company’s stock.

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CSX Company Profile

CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.

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