CSX Short Interest Up 23.5% in July (CSX)
CSX (NYSE:CSX) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 19,387,145 shares, an increase of 23.5% from the July 15th total of 15,693,460 shares, AnalystRatingsNetwork.com reports. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 5,934,874 shares, the short-interest ratio is presently 3.3 days.
CSX has been the subject of a number of recent research reports. Analysts at Macquarie reiterated an “outperform” rating on shares of CSX in a research note on Thursday, July 17th. They now have a $32.00 price target on the stock, down previously from $33.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of CSX in a research note on Thursday, July 17th. They now have a $31.00 price target on the stock, up previously from $30.00. Finally, analysts at Argus raised their price target on shares of CSX from $33.00 to $38.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.41.
Shares of CSX (NYSE:CSX) opened at 30.16 on Friday. CSX has a 52-week low of $24.46 and a 52-week high of $31.59. The stock has a 50-day moving average of $30.54 and a 200-day moving average of $29.04. The company has a market cap of $30.147 billion and a P/E ratio of 16.61.
CSX (NYSE:CSX) last released its earnings data on Tuesday, July 15th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.01. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the company posted $0.52 earnings per share. CSX’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that CSX will post $1.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, August 27th.
CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.
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