CSX Corp. (NASDAQ: CSX) has seen a decline in its stock price by -0.25 in relation to its previous close of 35.43. However, the company has experienced a -2.64% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that The Zacks Industry Rank for the Transportation-Rail industry paints a murky picture. Braving the industry headwinds are three stocks, CNI, CP and CSX, which investors might consider keeping on their radar.
Is It Worth Investing in CSX Corp. (NASDAQ: CSX) Right Now?
The price-to-earnings ratio for CSX Corp. (NASDAQ: CSX) is above average at 19.16x. The 36-month beta value for CSX is also noteworthy at 1.18. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 6 rating it as “overweight,” 7 rating it as “hold,” and 2 rating it as “sell.”
The public float for CSX is 1.96B, and at present, short sellers hold a 1.28% of that float. The average trading volume of CSX on April 15, 2024 was 12.05M shares.
CSX’s Market Performance
CSX’s stock has seen a -2.64% decrease for the week, with a -6.46% drop in the past month and a 2.23% gain in the past quarter. The volatility ratio for the week is 1.24%, and the volatility levels for the past 30 days are at 1.60% for CSX Corp. The simple moving average for the past 20 days is -3.57% for CSX’s stock, with a 5.67% simple moving average for the past 200 days.
Analysts’ Opinion of CSX
Many brokerage firms have already submitted their reports for CSX stocks, with Jefferies repeating the rating for CSX by listing it as a “Hold.” The predicted price for CSX in the upcoming period, according to Jefferies is $40 based on the research report published on April 08, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see CSX reach a price target of $36, previously predicting the price at $32. The rating they have provided for CSX stocks is “Market Perform” according to the report published on January 25th, 2024.
CSX Trading at -4.74% 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 -11.91% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.24%, as shares sank -4.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.01% lower at present.
During the last 5 trading sessions, CSX fell by -2.64%, which changed the moving average for the period of 200-days by +5.59% in comparison to the 20-day moving average, which settled at $36.56. In addition, CSX Corp. saw 1.93% 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 5.93. 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
In summary, CSX Corp. (CSX) has had a mixed 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.
