The price-to-earnings ratio for CSX Corporation (NASDAQ: CSX) is above average at 15.06x. The 36-month beta value for CSX is also noteworthy at 1.23. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 5 rating it as “overweight,” 9 rating it as “hold,” and 1 rating it as “sell.”
The public float for CSX is 2.05B, and at present, short sellers hold a 1.06% of that float. The average trading volume of CSX on March 17, 2023 was 13.47M shares.
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CSX) stock’s latest price update
CSX Corporation (NASDAQ: CSX)’s stock price has increased by 1.21 compared to its previous closing price of 28.98. Nevertheless, the company has seen a -1.44% plunge in its stock price over the last five trading sessions. The Wall Street Journal reported on 01/25/23 that Railroads Predict Muted Earnings Growth This Year
CSX’s Market Performance
CSX’s stock has fallen by -1.44% in the past week, with a monthly drop of -6.71% and a quarterly drop of -10.42%. The volatility ratio for the week is 2.93% while the volatility levels for the last 30 days are 2.48% for CSX Corporation The simple moving average for the last 20 days is -3.45% for CSX stock, with a simple moving average of -4.44% for the last 200 days.
Analysts’ Opinion of CSX
Many brokerage firms have already submitted their reports for CSX stocks, with Susquehanna repeating the rating for CSX by listing it as a “Neutral.” The predicted price for CSX in the upcoming period, according to Susquehanna is $29 based on the research report published on September 28th of the previous year 2022.
UBS, on the other hand, stated in their research note that they expect to see CSX reach a price target of $31, previously predicting the price at $38. The rating they have provided for CSX stocks is “Neutral” according to the report published on September 27th, 2022.
Bernstein gave a rating of “Mkt Perform” to CSX, setting the target price at $32 in the report published on September 14th of the previous year.
CSX Trading at -5.85% from the 50-Day Moving Average
After a stumble in the market that brought CSX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.16% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.93%, as shares sank -7.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.02% lower at present.
During the last 5 trading sessions, CSX fell by -1.44%, which changed the moving average for the period of 200-days by -8.49% in comparison to the 20-day moving average, which settled at $30.26. In addition, CSX Corporation saw -5.33% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CSX starting from ZILLMER JOHN J, who sale 16,000 shares at the price of $32.25 back on Jun 06. After this action, ZILLMER JOHN J now owns 320,763 shares of CSX Corporation, valued at $516,000 using the latest closing price.
Stock Fundamentals for CSX
Current profitability levels for the company are sitting at:
- +37.35 for the present operating margin
- +38.31 for the gross margin
The net margin for CSX Corporation stands at +28.05. Equity return is now at value 32.20, with 10.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
In summary, CSX Corporation (CSX) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
