CSX Corp (NYSE:CSX) Shifting Institutional Investors Sentiment

September 30, 2018 - By Megan Stone

CSX Corporation (NASDAQ:CSX) Logo

Sentiment for CSX Corp (NYSE:CSX)

CSX Corp (NYSE:CSX) institutional sentiment increased to 0.87 in 2018 Q2. Its up 0.15, from 0.72 in 2018Q1. The ratio improved, as 318 active investment managers increased or opened new equity positions, while 365 sold and reduced their positions in CSX Corp. The active investment managers in our partner’s database now have: 576.38 million shares, down from 596.64 million shares in 2018Q1. Also, the number of active investment managers holding CSX Corp in their top 10 equity positions increased from 16 to 22 for an increase of 6. Sold All: 42 Reduced: 323 Increased: 206 New Position: 112.

CSX Corporation, together with its subsidiaries, provides rail transportation services in the United States and Canada. The company has market cap of $63.60 billion. The firm offers rail services, as well as transports intermodal containers and trailers. It has a 10.67 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 decreased 0.22% or $0.16 during the last trading session, reaching $74.05. About 2.93M shares traded. CSX Corporation (NYSE:CSX) has risen 42.80% since September 30, 2017 and is uptrending. It has outperformed by 27.18% the S&P500.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on October, 16. They expect $0.88 EPS, up 72.55 % or $0.37 from last year’s $0.51 per share. CSX’s profit will be $755.75 million for 21.04 P/E if the $0.88 EPS becomes a reality. After $1.01 actual EPS reported by CSX Corporation for the previous quarter, Wall Street now forecasts -12.87 % negative EPS growth.

Alleghany Corp De holds 8.48% of its portfolio in CSX Corporation for 5.18 million shares. Community Bank Of Raymore owns 329,953 shares or 8.14% of their US portfolio. Moreover, Edgepoint Investment Group Inc. has 8.07% invested in the company for 10.16 million shares. The Ontario – Canada-based Ci Global Investments Inc. has invested 7.23% in the stock. Founders Capital Management Llc, a Connecticut-based fund reported 247,533 shares.

Since January 1, 0001, it had 1 buying transaction, and 0 sales for $299,550 activity.

CSX Corporation (NASDAQ:CSX) Ratings Coverage

Ratings analysis reveals 71% of CSX Corp’s analysts are positive. Out of 14 Wall Street analysts rating CSX Corp, 10 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $48 while the high is $84. The stock’s average target of $69.23 is -6.51% below today’s ($74.05) share price. CSX was included in 20 notes of analysts from April 2, 2018. The stock has “Hold” rating by Goldman Sachs on Monday, May 14. Morgan Stanley maintained the shares of CSX in report on Wednesday, April 18 with “Underweight” rating. The firm has “Buy” rating by Deutsche Bank given on Thursday, September 27. The firm has “Outperform” rating given on Wednesday, April 18 by Credit Suisse. The stock of CSX Corporation (NASDAQ:CSX) earned “Hold” rating by Scotia Capital on Wednesday, April 18. Deutsche Bank maintained it with “Buy” rating and $79 target in Friday, June 8 report. The firm has “Outperform” rating given on Wednesday, April 18 by Robert W. Baird. The stock of CSX Corporation (NASDAQ:CSX) earned “Buy” rating by UBS on Wednesday, April 18. The rating was upgraded by Loop Capital on Wednesday, July 18 to “Buy”. RBC Capital Markets maintained it with “Buy” rating and $6600 target in Wednesday, April 18 report.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Benzinga.com which released: “BMO Switches Tracks On CSX, Citing Lower Visibility” on September 05, 2018, also Bizjournals.com with their article: “CSX, accused of “unreasonably high” rates, files federal appeal” published on September 28, 2018, Bizjournals.com published: “Hurricane Florence brings down CSX train in North Carolina” on September 17, 2018. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Bizjournals.com and their article: “North Carolina town sues CSX for Hurricane Florence flooding” published on September 24, 2018 as well as Nasdaq.com‘s news article titled: “Will Union Pacific’s New Operating Model Boost Earnings?” with publication date: September 27, 2018.

CSX Corporation (NASDAQ:CSX) Institutional Positions Chart

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