CSX EVP Unloads $998,200 in Stock (CSX)
CSX (NYSE:CSX) EVP Clarence W. Gooden unloaded 32,200 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $31.00, for a total value of $998,200.00. Following the transaction, the executive vice president now directly owns 167,604 shares of the company’s stock, valued at approximately $5,195,724. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CSX shares. Analysts at FBR Capital Markets raised their price target on shares of CSX from $33.00 to $35.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of CSX from $30.00 to $32.00 in a research note on Friday, June 13th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CSX in a research note on Thursday, April 24th. They now have a $30.00 price target on the stock. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.06.
CSX (NYSE:CSX) traded down 0.19% on Tuesday, hitting $30.7522. 3,304,414 shares of the company’s stock traded hands. CSX has a one year low of $22.40 and a one year high of $31.09. The stock has a 50-day moving average of $29.59 and a 200-day moving average of $28.3. The company has a market cap of $30.886 billion and a price-to-earnings ratio of 17.38.
CSX (NYSE:CSX) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that CSX will post $1.86 earnings per share for the current fiscal year.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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