CSX Corp. (NASDAQ: CSX) has a price-to-earnings ratio of 19.16x that is above its average ratio. Additionally, the 36-month beta value for CSX is 1.19. 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 1.94B and currently, short sellers hold a 1.27% ratio of that float. The average trading volume of CSX on September 23, 2024 was 10.82M shares.
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CSX) stock’s latest price update
CSX Corp. (NASDAQ: CSX)’s stock price has increased by 0.37 compared to its previous closing price of 34.80. However, the company has seen a 4.21% increase in its stock price over the last five trading sessions. zacks.com reported 2024-09-20 that Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CP, CSX and NSC are well-poised to capitalize on the bullishness.
CSX’s Market Performance
CSX’s stock has risen by 4.21% in the past week, with a monthly rise of 3.37% and a quarterly rise of 4.55%. The volatility ratio for the week is 1.65% while the volatility levels for the last 30 days are 1.85% for CSX Corp. The simple moving average for the last 20 days is 3.16% for CSX stock, with a simple moving average of 0.61% 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 2.78% 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 -12.94% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares surge +5.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.53% upper at present.
During the last 5 trading sessions, CSX rose by +4.21%, which changed the moving average for the period of 200-days by +3.77% in comparison to the 20-day moving average, which settled at $33.94. In addition, CSX Corp. saw 0.75% 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:
- 0.37 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 6.53.
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 5.84. 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
In conclusion, CSX Corp. (CSX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
