CSX Corp. [CSX] stock prices are down -0.39% to $38.18 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CSX shares have gain 3.98% over the last week, with a monthly amount glided 9.09%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, CSX Chief Commercial Officer and Chief Operating Officer to Address Barclays Industrial Select Conference. In a post published today on Yahoo Finance, CSX Corp. (NASDAQ: CSX) Executive Vice President and Chief Commercial Officer, Kevin Boone, and Executive Vice President and Chief Operating Officer, Mike Cory, will address the Barclays Industrial Select Conference in Miami on Thursday, February 22, at 8:00 a.m. Eastern time.
From an analyst’s perspective:
CSX Corp. [NASDAQ: CSX] stock has seen the most recent analyst activity on January 25, 2024, when TD Cowen reiterated its Market Perform rating and also boosted its price target to $36 from $32. Previously, Susquehanna upgraded its rating to Positive on January 08, 2024. On October 11, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $40 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $36 on September 08, 2023. BofA Securities downgraded its rating to a Neutral. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on July 31, 2023, but kept the price target unchanged to $35. In a note dated June 01, 2023, UBS upgraded an Buy rating on this stock and boosted its target price from $33 to $37.
The stock price of CSX Corp. [CSX] has been fluctuating between $27.60 and $40.12 over the past year. Currently, Wall Street analysts expect the stock to reach $39.86 within the next 12 months. CSX Corp. [NASDAQ: CSX] shares were valued at $38.18 at the most recent close of the market. An investor can expect a potential return of 4.4% based on the average CSX price forecast.
Analyzing the CSX fundamentals
The CSX Corp. [NASDAQ:CSX] reported sales of 14.66B for trailing twelve months, representing a drop of -1.34%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.99 points at the first support level, and at 37.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.54, and for the 2nd resistance point, it is at 38.89.
CSX Corp. [CSX] reported earnings per share of $0.45 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.44/share, meaning a difference of $0.01 and a surprise factor of 2.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.42 per share as compared to estimates of $0.42 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It’s worth pointing out that CSX Corp. [NASDAQ:CSX]’s Current Ratio is 1.05. On the other hand, the Quick Ratio is 0.91, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 5.10, the price to book ratio is 6.16 and price to earnings (TTM) ratio is 20.70.
Transactions by insiders
Recent insider trading involved Goldman Nathan D, EVP & CLO, that happened on Feb 20 when 0.24 million shares were sold. EVP & CAO, Sorfleet Diana B completed a deal on Feb 07 to sell 37087.0 shares. Meanwhile, EVP & CCO Boone Kevin S. sold 60000.0 shares on Feb 06.
