The stock price of CSX Corp. (NASDAQ: CSX) has jumped by 0.62 compared to previous close of 36.84. Despite this, the company has seen a fall of -2.11% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-27 that The Francis Scott Key Bridge in Baltimore was struck by a cargo ship, causing significant damage and loss of life. The accident has disrupted major supply chains, particularly in maritime transportation and the traffic situation in the Baltimore area. Automotive companies are finding alternative shipping routes, while coal exporters are facing a shutdown of coal exports for at least six weeks.
Is It Worth Investing in CSX Corp. (NASDAQ: CSX) Right Now?
CSX Corp. (NASDAQ: CSX) has a higher price-to-earnings ratio of 20.10x compared to its average ratio. CSX has 36-month beta value of 1.18. Analysts have mixed views on the stock, with 13 analysts rating it as a “buy,” 7 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for CSX is 1.95B, and currently, short sellers hold a 1.20% ratio of that float. The average trading volume of CSX on April 01, 2024 was 11.52M shares.
CSX’s Market Performance
The stock of CSX Corp. (CSX) has seen a -2.11% decrease in the past week, with a -1.62% drop in the past month, and a 6.98% gain in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 1.54% for CSX. The simple moving average for the last 20 days is -1.35% for CSX’s stock, with a simple moving average of 11.38% for the last 200 days.
Analysts’ Opinion of CSX
Many brokerage firms have already submitted their reports for CSX stocks, with TD Cowen repeating the rating for CSX by listing it as a “Market Perform.” The predicted price for CSX in the upcoming period, according to TD Cowen is $36 based on the research report published on January 25, 2024 of the current year 2024.
JP Morgan gave a rating of “Overweight” to CSX, setting the target price at $40 in the report published on October 11th of the previous year.
CSX Trading at 0.61% 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 -7.60% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -2.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.79% upper at present.
During the last 5 trading sessions, CSX fell by -2.11%, which changed the moving average for the period of 200-days by +14.41% in comparison to the 20-day moving average, which settled at $37.53. In addition, CSX Corp. saw 6.92% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CSX starting from Goldman Nathan D, who sale 244,487 shares at the price of $36.62 back on Feb 20 ’24. After this action, Goldman Nathan D now owns 251,579 shares of CSX Corp., valued at $8,953,114 using the latest closing price.
Sorfleet Diana B, the EVP & CAO of CSX Corp., sale 37,087 shares at $37.17 during a trade that took place back on Feb 07 ’24, which means that Sorfleet Diana B is holding 215,226 shares at $1,378,524 based on the most recent closing price.
Stock Fundamentals for CSX
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 0.38 for the gross margin
The net margin for CSX Corp. stands at 0.25. The total capital return value is set at 0.14. Equity return is now at value 30.03, with 8.69 for asset returns.
Based on CSX Corp. (CSX), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 1.53. The interest coverage ratio of the stock is 6.86.
Currently, EBITDA for the company is 7.17 billion with net debt to EBITDA at 2.45. When we switch over and look at the enterprise to sales, we see a ratio of 6.17. The receivables turnover for the company is 10.52for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
To put it simply, CSX Corp. (CSX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
