CSX EVP Sells $998,200 in Stock (CSX)

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CSX (NYSE:CSX) EVP Clarence W. Gooden sold 32,200 shares of the company’s stock on the open market in a transaction dated Friday, June 20th. The stock was sold at an average price of $31.00, for a total value of $998,200.00. Following the completion of the sale, the executive vice president now directly owns 167,604 shares in the company, valued at approximately $5,195,724. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on CSX. Analysts at FBR Capital Markets raised their price target on shares of CSX from $33.00 to $35.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of CSX from $30.00 to $32.00 in a research note on Friday, June 13th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CSX in a research note on Thursday, April 24th. They now have a $30.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.06.

CSX (NYSE:CSX) opened at 30.64 on Thursday. CSX has a 1-year low of $22.89 and a 1-year high of $31.09. The stock’s 50-day moving average is $29.73 and its 200-day moving average is $28.41. The company has a market cap of $30.774 billion and a P/E ratio of 17.07.

CSX (NYSE:CSX) last released its earnings data on Tuesday, April 15th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.02. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts predict that CSX will post $1.86 earnings per share for the current fiscal year.

CSX Corporation (NYSE:CSX), together with its subsidiaries, is a transportation supplier.

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