Atlantic Equities Upgrades CSX Corporation to Overweight

Brokerage firm Atlantic Equities Upgrades its rating on CSX Corporation(CSX). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Atlantic Equities was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 28, 2017, Deutsche Bank said it Upgrades its rating on CSX Corporation. According to the research note, Deutsche Bank Raises the price target to $56 per share from a prior target of $42. The shares have been rated ‘Buy’ by the firm. On Feb 10, 2017, Avondale Partners said it Upgrades its rating on CSX Corporation. The shares have been rated ‘Market Outperform’ by the firm. On Jan 30, 2017, TD Securities said it Upgrades its rating on CSX Corporation. The shares have been rated ‘Buy’ by the firm. On Jan 25, 2017, UBS said it Upgrades its rating on CSX Corporation. The shares have been rated ‘Buy’ by the firm. On Jan 23, 2017, BMO Capital said it Upgrades its rating on CSX Corporation. The shares have been rated ‘Outperform’ by the firm. On Jan 19, 2017, Morgan Stanley said it Upgrades its rating on CSX Corporation. In the research note, the firm Raises the price-target to $37 per share. The shares have been rated ‘Equal-Weight’ by the firm.

CSX Corporation (CSX) shares turned negative on Fridays trading session with the shares closing down -0.72 points or -1.51% at a volume of 1,55,33,315. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $47.83. The peak price level was also seen at $47.83 while the days lowest was $46.88. Finally the shares closed at $46.88. The 52-week high of the shares is $50.31 while the 52-week low is $24.36. According to the latest information available, the market cap of the company is $43,432 M.

CSX Corporation(CSX) last announced its earnings results on Jan 17, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $3.037B. Analysts had an estimated revenue of $2.830B. Earnings per share were $0.49. Analysts had estimated an EPS of $0.48.

Several Insider Transactions has been reported to the SEC. On Dec 16, 2016, Clarence W Gooden (President) sold 28,587 shares at $36.92 per share price.Also, On Oct 19, 2016, Michael J Ward (Chairman and CEO) sold 300,000 shares at $30.97 per share price.On Sep 3, 2015, David M Ratcliffe (director) purchased 1,868 shares at $26.84 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.

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