CSX Corp (NYSE:CSX) Institutional Investors 2019 Q2 Sentiment

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Sentiment for CSX Corp (NYSE:CSX)

CSX Corp (NYSE:CSX) institutional sentiment increased to 0.97 in 2019 Q2. Its up 0.13, from 0.84 in 2019Q1. The ratio is better, as 346 institutional investors increased and opened new stock positions, while 357 cut down and sold their stock positions in CSX Corp. The institutional investors in our partner’s database now hold: 550.04 million shares, down from 558.76 million shares in 2019Q1. Also, the number of institutional investors holding CSX Corp in their top 10 stock positions decreased from 23 to 19 for a decrease of 4. Sold All: 37 Reduced: 320 Increased: 245 New Position: 101.

CSX Corporation, together with its subsidiaries, provides rail transportation services in the United States and Canada. The company has market cap of $57.84 billion. The firm offers rail services, as well as transports intermodal containers and trailers. It has a 17.45 P/E ratio. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

The stock increased 1.29% or $0.92 during the last trading session, reaching $72.47. About 4.07 million shares traded. CSX Corporation (NYSE:CSX) has risen 0.16% since September 13, 2018 and is uptrending. It has outperformed by 0.16% the S&P500.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on October, 15. They expect $1.01 EPS, down 3.81 % or $0.04 from last year’s $1.05 per share. CSX’s profit will be $806.16M for 17.94 P/E if the $1.01 EPS becomes a reality. After $1.08 actual EPS reported by CSX Corporation for the previous quarter, Wall Street now forecasts -6.48 % negative EPS growth.

Alleghany Corp De holds 11.83% of its portfolio in CSX Corporation for 2.94 million shares. Community Bank Of Raymore owns 328,553 shares or 9.34% of their US portfolio. Moreover, Edgepoint Investment Group Inc. has 8.27% invested in the company for 10.70 million shares. The Oklahoma-based Gibraltar Capital Management Inc. has invested 7.29% in the stock. Stevens First Principles Investment Advisors, a California-based fund reported 142,895 shares.

CSX Corporation (NASDAQ:CSX) Ratings Coverage

Ratings analysis reveals 50% of CSX’s analysts are positive. Out of 8 Wall Street analysts rating CSX, 4 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $57 while the high is $93. The stock’s average target of $81 is 11.77% above today’s ($72.47) share price. CSX was included in 16 notes of analysts from April 3, 2019. The rating was downgraded by UBS to “Neutral” on Friday, April 5. BMO Capital Markets maintained it with “Market Perform” rating and $78 target in Wednesday, April 17 report. Raymond James maintained CSX Corporation (NASDAQ:CSX) on Wednesday, April 17 with “Outperform” rating. The firm earned “Buy” rating on Thursday, April 4 by Citigroup. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, April 17. The stock of CSX Corporation (NASDAQ:CSX) earned “Buy” rating by Deutsche Bank on Wednesday, June 12. The rating was maintained by Credit Suisse on Wednesday, April 17 with “Outperform”. The stock of CSX Corporation (NASDAQ:CSX) earned “Outperform” rating by Raymond James on Wednesday, July 17.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Seekingalpha.com which released: “CSX: A Great Entry Point – Seeking Alpha” on August 19, 2019, also Nasdaq.com with their article: “Why Shares of Union Pacific and CSX Headed in Different Directions After Earnings – Nasdaq” published on August 15, 2019, Nasdaq.com published: “CSX Q1 Earnings & Revenues Surpass Estimates, Shares Gain – Nasdaq” on April 17, 2019. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Nasdaq.com and their article: “CSX Corporation (CSX) Ex-Dividend Date Scheduled for May 30, 2019 – Nasdaq” published on May 29, 2019 as well as Nasdaq.com‘s news article titled: “Moving Average Crossover Alert: CSX – Nasdaq” with publication date: August 30, 2019.

CSX Corporation (NASDAQ:CSX) Institutional Positions Chart

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