CSX Corporation (NASDAQ:CSX) had declared a cash dividend of $0.1800 on Oct 5, 2016. The shares will quote ex-dividend on Nov 28, 2016 and the record date has been fixed for Nov 30, 2016. On Oct 5, 2016 share price, the yield comes out to be 2.3865%. The dividend payable date has been fixed on Dec 15, 2016.
In a different note, On Sep 13, 2016, Citigroup said it Maintains its rating on CSX Corporation. In the research note, the firm Raises the price-target to $29.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 12, 2016, Barclays said it Upgrades its rating on CSX Corporation. In the research note, the firm Raises the price-target to $30.00 per share. The shares have been rated ‘Overweight’ by the firm. Atlantic Equities said it Initiates Coverage on CSX Corporation, according to a research note issued on Aug 11, 2016. The shares have been rated ‘Neutral’ by the firm. Loop Capital said it Initiates Coverage on CSX Corporation, according to a research note issued on Aug 4, 2016. The shares have been rated ‘Hold’ by the firm. On Jul 15, 2016, Stifel Nicolaus said it Downgrades its rating on CSX Corporation. The shares have been rated ‘Hold’ by the firm. On Jul 15, 2016, BB&T Capital said it Downgrades its rating on CSX Corporation. The shares have been rated ‘Hold’ by the firm.
CSX Corporation (CSX) shares turned negative on Fridays trading session with the shares closing down -0.125 points or -0.40% at a volume of 99,25,996. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.73. The peak price level was also seen at $31.73 while the days lowest was $31.01. Finally the shares closed at $31.025. The 52-week high of the shares is $31.73 while the 52-week low is $21.325. According to the latest information available, the market cap of the company is $29,060 M.
CSX Corporation(CSX) last announced its earnings results on Jul 13, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.70B. Analysts had an estimated revenue of $2.72B. Earnings per share were $0.47. Analysts had estimated an EPS of $0.45.
Several Insider Transactions has been reported to the SEC. On Sep 28, 2016, Clarence W Gooden (President) sold 17,332 shares at $29.43 per share price.Also, On Sep 3, 2015, David M Ratcliffe (director) purchased 1,868 shares at $26.84 per share price.On May 8, 2015, Fredrik J Eliasson (EVP & Chief Financial Officer) sold 30,000 shares at $35.48 per share price, according to the Form-4 filing with the securities and exchange commission.
CSX Corporation (CSX) together with its subsidiaries is a transportation company. The Company provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. The Company has three lines of business: merchandise business coal business and the intermodal business. The Company’s merchandise business transports aggregates (which include crushed stone sand and gravel) metal phosphate fertilizer food consumer (manufactured goods and appliances) agricultural automotive paper and chemical products. Its coal business transports domestic coal coke and iron ore to electricity-generating power plants steel manufacturers and industrial plants as well as export coal to deep-water port facilities. Through a network of around 50 terminals the intermodal business serves markets east of the Mississippi and transports manufactured consumer goods in containers providing truck-like services for longer shipments.