Stock Traders Purchase Large Volume of Put Options on CSX Corp. (CSX)
CSX Corp. (NYSE:CSX) was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 5,826 put options on the company, Stock Ratings Network.com reports. This represents an increase of 271% compared to the average daily volume of 1,569 put options.
A number of research firms have recently commented on CSX. Analysts at RBC Capital reiterated an “outperform” rating on shares of CSX Corp. in a research note to investors on Wednesday. They now have a $27.00 price target on the stock. Separately, analysts at BMO Capital Markets downgraded shares of CSX Corp. to a “market perform” rating in a research note to investors on Wednesday. Finally, analysts at Citigroup Inc. downgraded shares of CSX Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, October 4th. They now have a $27.00 price target on the stock, up previously from $25.30. They noted that the move was a valuation call. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. CSX Corp. has an average rating of “Hold” and an average target price of $26.59.
Shares of CSX Corp. (NYSE:CSX) traded down 0.80% on Wednesday, hitting $25.89. The stock had a trading volume of 10,771,115 shares. CSX Corp. has a one year low of $18.88 and a one year high of $26.90. The stock’s 50-day moving average is $25.75 and its 200-day moving average is $24.95. The company has a market cap of $26.378 billion and a price-to-earnings ratio of 14.20.
CSX Corp. (NYSE:CSX) last released its earnings data on Wednesday, October 16th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that CSX Corp. will post $1.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Tuesday, November 26th.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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