The price-to-earnings ratio for CSX Corp. (NASDAQ: CSX) is above average at 18.60x, Company’s 36-month beta value is 1.20.Analysts have differing opinions on the stock, with 12 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 2 as “sell.”
The public float for CSX is 1.95B, and currently, short sellers hold a 1.56% ratio of that floaft. The average trading volume of CSX on May 06, 2024 was 12.44M shares.
CSX) stock’s latest price update
CSX Corp. (NASDAQ: CSX) has experienced a rise in its stock price by 0.83 compared to its previous closing price of 33.57. However, the company has seen a fall of -0.41% in its stock price over the last five trading days. Forbes reported 2024-04-23 that CSX (NYSE: CSX) recently reported its Q1 results, with revenues and earnings marginally above the street estimates. The company reported revenue of $3.68 billion and earnings of $0.46 per share, compared to the consensus estimates of $3.66 billion and $0.45, respectively.
CSX’s Market Performance
CSX’s stock has fallen by -0.41% in the past week, with a monthly drop of -6.28% and a quarterly drop of -7.34%. The volatility ratio for the week is 1.64% while the volatility levels for the last 30 days are 1.68% for CSX Corp. The simple moving average for the last 20 days is -2.21% for CSX’s stock, with a simple moving average of 1.09% for the last 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 -6.84% 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 -15.63% of loss for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares sank -6.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.66% lower at present.
During the last 5 trading sessions, CSX fell by -0.41%, which changed the moving average for the period of 200-days by +0.15% in comparison to the 20-day moving average, which settled at $34.49. In addition, CSX Corp. saw -2.37% 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 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:
- 0.37 for the present operating margin
- 0.37 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 29.06, with 8.60 for asset returns.
Based on CSX Corp. (CSX), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.51. The interest coverage ratio of the stock is 6.65.
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 5.72. The receivables turnover for the company is 10.45for 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 1.15.
Conclusion
In a nutshell, CSX Corp. (CSX) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
