CSX Corp. (NASDAQ: CSX) has a price-to-earnings ratio that is above its average at 18.31x. The stock has a 36-month beta value of 1.20. Opinions on the stock are mixed, with 12 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 2 as “sell.”
The public float for CSX is 1.94B, and at present, short sellers hold a 1.30% of that float. On August 16, 2024, the average trading volume of CSX was 11.35M shares.
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CSX) stock’s latest price update
The stock price of CSX Corp. (NASDAQ: CSX) has plunged by -0.74 when compared to previous closing price of 33.63, but the company has seen a -1.82% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-13 that CSX Corporation is a leading transportation company in the US, offering freight transportation by rail, intermodal containers, and bulk commodity transport. CSX’s protective moat includes first mover advantage, legal barriers to new construction, and pricing power, leading to high returns on equity. CSX has stable and wide profit margins, high returns on equity, and aggressively repurchases shares with its operating cash flows.
CSX’s Market Performance
CSX Corp. (CSX) has experienced a -1.82% fall in stock performance for the past week, with a -4.68% drop in the past month, and a -1.62% drop in the past quarter. The volatility ratio for the week is 1.65%, and the volatility levels for the past 30 days are at 2.54% for CSX. The simple moving average for the last 20 days is -1.79% for CSX stock, with a simple moving average of -2.97% for the last 200 days.
Analysts’ Opinion of CSX
Wells Fargo, on the other hand, stated in their research note that they expect to see CSX reach a price target of $35. The rating they have provided for CSX stocks is “Equal Weight” according to the report published on June 07th, 2024.
Jefferies gave a rating of “Hold” to CSX, setting the target price at $40 in the report published on April 08th of the current year.
CSX Trading at -0.67% 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 -16.80% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares sank -3.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.80% upper at present.
During the last 5 trading sessions, CSX fell by -2.01%, which changed the moving average for the period of 200-days by +13.32% in comparison to the 20-day moving average, which settled at $33.92. In addition, CSX Corp. saw -3.72% 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 28.84, with 8.59 for asset returns.
Based on CSX Corp. (CSX), the company’s capital structure generated 0.59 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 1.47. The interest coverage ratio of the stock is 13.22.
Currently, EBITDA for the company is 7.17 billion with net debt to EBITDA at 2.5. When we switch over and look at the enterprise to sales, we see a ratio of 5.64. The receivables turnover for the company is 10.23for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
To sum up, CSX Corp. (CSX) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
