Questions emerge about health of new CEO at CSX

Marco Green
May 20, 2017

Check Capital Management Inc sold 18,400 shares as C S X (CSX)'s stock 0.00%. Supplemental Annuity Collective Trust of NJ's holdings in CSX were worth $907,000 as of its most recent filing with the SEC. The Manufacturers Life Insurance Company acquired a new stake in shares of CSX during the third quarter worth $27,459,000. Vanguard Group Inc. boosted its stake in shares of CSX by 0.5% in the first quarter. Toronto Dominion Bank now owns 872,270 shares of the transportation company's stock worth $26,608,000 after buying an additional 822,840 shares in the last quarter. Brick & Kyle Associates now owns 4,500 shares of the transportation company's stock valued at $137,000 after buying an additional 500 shares during the period. Parallel Advisors LLC acquired a new stake in CSX during the fourth quarter worth approximately $114,000. "(CSX) Stake Lowered by BKD Wealth Advisors LLC" was first reported by Community Financial News and is owned by of Community Financial News. Corporate insiders own 0.36% of the company's stock.

Melco Resorts & Entertainment (NASDAQ:MLCO) 52-week high price stands at $23.40 and low price stands at $10.88, its price distance from 52-week high is -10.31% while its distance from 52-week low price is 92.94%. 748,886 are held by Pension Ser. Clearbridge Ltd Limited Liability Company holds 0% of its portfolio in CSX Corporation (NASDAQ:CSX) for 29,000 shares. The stock increased 1.54% or $0.76 during the last trading session, reaching $50.23. The company's market cap is $47.37 Billion, and the average volume is 8.38 Million. The stock has a 50-day moving average of $49.52 and a 200 day moving average of $43.33.

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, April 19th.

The company is expected to report earnings of $0.59 a share for the next quarter. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.76 billion. The Return on Equity ratio of CSX Corp. CSX's quarterly revenue was up 9.6% compared to the same quarter previous year.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on July, 12.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a dividend of $0.20 per share. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The ex-dividend date is Friday, May 26th. CSX's dividend payout ratio (DPR) is now 39.78%.

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A number of equities research analysts recently weighed in on CSX shares.

CSX Corp. (CSX) has been given an average price target of $56.67 from analysts, according to data collected by Finviz. TD Securities reissued a "buy" rating and issued a $64.00 price objective (up previously from $57.00) on shares of CSX in a research note on Friday, April 21st. Barclays PLC upped their price target on shares of CSX from $4.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, March 24th. The rating was maintained by RBC Capital Markets on Friday, January 27 with "Outperform". Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Zacks Investment Research upgraded CSX from a "hold" rating to a "buy" rating and set a $54.00 price target on the stock in a report on Wednesday, March 1st.

In terms of Buy, Sell or Hold recommendations, Melco Resorts & Entertainment (NASDAQ:MLCO) has analysts' mean recommendation of 2.1. The stock has an average rating of "Buy" and a consensus target price of $50.33.

In other CSX news, CEO E Hunter Harrison acquired 300,000 shares of the stock in a transaction on Monday, April 24th. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Following the completion of the purchase, the chief executive officer now directly owns 300,000 shares of the company's stock, valued at $15,060,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

On the other hand the company has Relative Strength Index (RSI 14) of 48.11 along with Average True Range (ATR 14) of 0.69, Consequently Melco Resorts & Entertainment (NASDAQ:MLCO)'s weekly and monthly volatility is 3.18%, 2.80% respectively.

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