Shares of CSX Co. (NASDAQ:CSX) were down 7.6% on Monday . The stock traded as low as $51.63 and last traded at $52.93. Approximately 49,876,699 shares changed hands during trading, an increase of 478% from the average daily volume of 8,636,416 shares. The stock had previously closed at $57.31.

Several equities analysts have commented on CSX shares. BMO Capital Markets reiterated a “buy” rating on shares of CSX in a research report on Wednesday, August 30th. Credit Suisse Group dropped their target price on CSX from $61.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, September 7th. Zacks Investment Research downgraded CSX from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Royal Bank of Canada dropped their target price on CSX from $65.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, September 7th. Finally, UBS set a $68.00 target price on CSX and gave the company a “buy” rating in a research report on Friday, November 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $56.73.

The company has a debt-to-equity ratio of 1.08, a current ratio of 1.05 and a quick ratio of 0.86. The firm has a market capitalization of $47,894.62, a PE ratio of 24.93, a PEG ratio of 1.65 and a beta of 1.35.

CSX (NASDAQ:CSX) last released its earnings results on Tuesday, October 17th. The transportation company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. CSX had a return on equity of 17.28% and a net margin of 15.45%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. equities research analysts predict that CSX Co. will post 2.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.80 annualized dividend and a yield of 1.46%. CSX’s dividend payout ratio is currently 41.24%.

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

In other CSX news, Director Gary Keith Anderson bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was acquired at an average price of $2,300.00 per share, with a total value of $11,500,000.00. Company insiders own 4.79% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC grew its stake in CSX by 14.9% in the second quarter. Parallel Advisors LLC now owns 2,194 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 285 shares during the period. Americafirst Capital Management LLC acquired a new stake in CSX in the third quarter valued at approximately $308,000. Valeo Financial Advisors LLC acquired a new stake in CSX in the third quarter valued at approximately $196,000. ARGI Investment Services LLC acquired a new stake in CSX in the second quarter valued at approximately $208,000. Finally, BKS Advisors LLC acquired a new stake in CSX in the second quarter valued at approximately $221,000. 70.15% of the stock is owned by hedge funds and other institutional investors.

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About CSX

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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