The price-to-earnings ratio for CSX Corp. (NASDAQ: CSX) is 16.79x, which is above its average ratio. Moreover, the 36-month beta value for CSX is 1.19. Analysts have varying opinions on the stock, with 16 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 0 as “sell.”
The average price recommended by analysts for CSX Corp. (CSX) is $36.19, which is $4.57 above the current market price. The public float for CSX is 1.97B and currently, short sellers hold a 0.87% of that float. On November 20, 2023, CSX’s average trading volume was 13.09M shares.
CSX) stock’s latest price update
The stock price of CSX Corp. (NASDAQ: CSX) has surged by 0.93 when compared to previous closing price of 31.33, but the company has seen a 3.00% gain in its stock price over the last five trading sessions. CNBC Television reported 2023-11-16 that CSX President and CEO Joe Hinrichs joins ‘Mad Money’ host Jim Cramer to talk quarterly results, export pricing, growth opportunities and more.
CSX’s Market Performance
CSX Corp. (CSX) has experienced a 3.00% rise in stock performance for the past week, with a 3.54% rise in the past month, and a 2.96% rise in the past quarter. The volatility ratio for the week is 1.36%, and the volatility levels for the past 30 days are at 1.88% for CSX. The simple moving average for the past 20 days is 4.62% for CSX’s stock, with a 1.37% simple moving average for the past 200 days.
Analysts’ Opinion of CSX
Many brokerage firms have already submitted their reports for CSX stocks, with JP Morgan repeating the rating for CSX by listing it as a “Overweight.” The predicted price for CSX in the upcoming period, according to JP Morgan is $40 based on the research report published on October 11, 2023 of the current year 2023.
CSX Trading at 3.30% 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 -8.03% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.36%, as shares surge +2.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.58% upper at present.
During the last 5 trading sessions, CSX rose by +3.00%, which changed the moving average for the period of 200-days by -3.12% in comparison to the 20-day moving average, which settled at $30.27. In addition, CSX Corp. saw 2.07% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CSX
Current profitability levels for the company are sitting at:
- +38.95 for the present operating margin
- +39.91 for the gross margin
The net margin for CSX Corp. stands at +28.05. The total capital return value is set at 18.77, while invested capital returns managed to touch 13.63. Equity return is now at value 30.99, with 9.15 for asset returns.
Based on CSX Corp. (CSX), the company’s capital structure generated 147.48 points at debt to equity in total, while total debt to capital is 59.59. Total debt to assets is 43.70, with long-term debt to equity ratio resting at 145.73. Finally, the long-term debt to capital ratio is 58.89.
When we switch over and look at the enterprise to sales, we see a ratio of 5.37, with the company’s debt to enterprise value settled at 0.22. The receivables turnover for the company is 12.07 and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
To wrap up, the performance of CSX Corp. (CSX) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
