CSX Corp (NYSE:CSX) reaching 52-week high, short interest decreasing

CSX Corp (NYSE:CSX) (Trend Analysis) shares were traded with more than 50% increase in usual volume. The stock closed last trading session at $34.53, up by 1.92%, with a volume of 15,507,167 shares against an average amount for the last three months of 7,456,120.

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CSX Corp (NYSE:CSX) stock is currently trading 0.63% below its 52-week-high, 61.88% above its 52-week-low. The 1-year stock price history is in the range of $21.33 – $34.75. CSX Corp (CSX) has a price to earnings ratio of 19.22 versus Services sector average of 20.03. CSX stock price has outperformed the S&P 500 by 28.1%. The Transport & Rail company is currently valued at $32.34 billion, and its share price closed the last trading session at $34.53. The stock has a 50-day moving average of $30.65 and a 200-day moving average of $28.15.

CSX Corp (CSX) current short interest stands at 14.78 million shares. It has decreased by 6% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 11.2 million shares, the number of days required to cover the short positions stand at 1.4 days.

CSX is forecasted to report earnings per share of $0.47 and a revenue of $2.83 billion for the 4th Quarter of the fiscal year 2016. CSX Corp (CSX) declared last quarter earnings on October 12. The Transport & Rail company announced last quarter earnings per share of $0.48 against a consensus Street estimate of $0.45, beating the average estimate by $0.03. The company posted a revenue of $2.71 billion compared to an estimation of $2.7 billion.

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There are currently thirty-one analysts that cover CSX Corp stock. Of those thirty-one, fourteen have a Buy rating, fourteen have a Hold rating and three have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $32.5.

A recent analyst activity consisted of Deutsche Bank who initiated their coverage on the stock with Buy rating on November 2. Deutsche Bank fixed their price target at $36. This corresponds to a 4.26% upside from the last closing price. On the date of report, the stock closed at $30.74.

Aegis Capital initiated their coverage on the stock with Hold rating on October 24, and fixed their price target at $31. This corresponds to a 10.22% downside from the last closing price. On the date of report, the stock closed at $30.41.

Another research firm was Seaport Global Securities who initiated their coverage on the stock with Neutral rating on October 19. Seaport Global Securities fixed their price target at $31. This translates to a 10.22% downside from the last closing price. On the date of report, the stock closed at $31.07.

Company snapshot

CSX Corporation is an international freight transportation company. The Company provides rail, intermodal, domestic container-shipping, barging, and contract logistics services around the world. CSX’s rail transportation services are provided principally throughout the eastern United States.

CSX Corp (NYSE:CSX) reaching 52-week high, short interest decreasing was last modified: November 11th, 2016 by Pat Mayfield