The shares of CSX Corporation (NASDAQ:CSX) has been pegged with a rating of Neutral by UBS in its latest research note that was published on April 5th, 2019. UBS wasn’t the only research firm that published a report of CSX Corporation, with other equities research analysts also giving their opinion on the stock. Susquehanna advised investors in its research note published on April 3rd, 2019, to Neutral the CSX stock. The stock had earned Hold rating from Stifel when it published its report on March 6th, 2019. That day the Stifel set price target on the stock to $74. The stock was given Sector Perform rating by RBC Capital Mkts in its report released on February 19th, 2019, the day when the price target on the stock was placed at $78. Cowen was of a view that CSX is Market Perform in its latest report on January 17th, 2019 while giving it a price target of $74. Atlantic Equities thinks that CSX is worth Overweight rating. This was contained in the firm’s report on January 8th, 2019.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 13 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $81.88. The price of the stock the last time has raised by 32.44% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 48.96.
The shares of the company dipped by -1.15% during the trading session on Wednesday, reaching a low of $77.30 while ending the day at $77.44. During the trading session, a total of 3.91 million shares were traded which represents a 8.61% incline from the average session volume which is 4.28M shares. CSX had ended its last session trading at 78.34. CSX Corporation currently has a market cap of $63.04B, while its P/E ratio stands at 18.94, while its P/E earnings growth sits at 5.09, with a beta of 1.28. CSX Corporation debt-to-equity ratio currently stands at 1.27, while its quick ratio hovers at 1.70. CSX 52-week low price stands at $58.47 while its 52-week high price is $80.73.
The company in its last quarterly report recorded $1.02 earnings per share which is above the $0.91 predicted by most analysts. The CSX Corporation generated $3,013.00 million in revenue during the last quarter, which is slightly higher than the $3,000.18 million predicted by analysts. In the second quarter last year, the firm recorded $1.01 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 0.98%. CSX Corporation has the potential to record 4.09 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Cowen published a research note on May 6th, 2019 where it informed investors and clients that Olin Corporation (NYSE:OLN) is now rated as Outperform. Their price target on the stock stands at $27. Susquehanna also rated OLN as Downgrade on April 3rd, 2019, with its price target of $115 suggesting that OLN could surge by 20.59% from its current share price. Even though the stock has been trading at $22.73/share, analysts expect it to surge higher by -1.76% to reach $28.12/share. It started the day trading at $22.69 and traded between $22.31 and $22.33 throughout the trading session.
A look at its technical shows that OLN’s 50-day SMA is 22.90 while its 200-day SMA stands at 23.98. The stock has a high of $34.42 for the year while the low is $17.87. The company’s P/E ratio currently sits at 10.75, while the P/B ratio is 1.30. At the moment, only of Olin Corporation shares were sold short. The company’s average trading volume currently stands at 2.42M shares, which means that the short-interest ratio is just 3.89 days. Over the past seven days, the company moved, with its shift of 5.23%. Looking further, the stock has dropped -15.06% over the past 90 days while it gained 5.98% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co bought more OLN shares, increasing its portfolio by +94.91% during the last quarter. This move now sees Fidelity Management Research Co purchasing 11,640,534 shares in the last quarter, thus it now holds 23,904,844 shares of OLN, with a total valuation of $518,496,066. BlackRock Fund Advisors meanwhile bought more OLN shares in the recently filed quarter, changing its stake to $382,985,102 worth of shares. The Vanguard Group Inc followed the path by increasing its OLN portfolio by +0.80% in the quarter. This means that The Vanguard Group Inc bought 126,090 shares in the last quarter and now controls 15,910,392 shares of the OLN stock, with the valuation hitting $345,096,402.
Similarly, Kensico Capital Management Corp decreased its Olin Corporation shares by -6.27% during the recently filed quarter. After selling -519,800 shares in the last quarter, the firm now controls 7,770,900 shares of Olin Corporation which are valued at $168,550,821. In the same vein, TIAACREF Investment Management L decreased its Olin Corporation shares by during the most recent reported quarter. The firm sold -1,378,729 shares during the quarter which decreased its stakes to 6,667,331 shares and is now valued at $144,614,409. Following these latest developments, around 0.50% of Olin Corporation stocks are owned by institutional investors and hedge funds.