CSX Corp. [CSX] stock is trading at $34.84, down -0.85%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CSX shares have lost -3.09% over the last week, with a monthly amount drifted -5.76%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CSX Corp. [NASDAQ: CSX] stock has seen the most recent analyst activity on April 08, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $40. Previously, TD Cowen reaffirmed its Market Perform rating on January 25, 2024, and elevated its price target to $36. On January 08, 2024, upgrade upgraded it’s rating to Positive. JP Morgan upgraded its rating to a Overweight and increased its price target to $40 on October 11, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $36 on September 08, 2023. BofA Securities downgraded its rating to Neutral for this stock on August 04, 2023. In a note dated July 31, 2023, RBC Capital Mkts downgraded an Sector Perform rating on this stock but restated the target price of $35.
CSX Corp. [CSX] stock has fluctuated between $29.03 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 $34.84 at the most recent close of the market. An investor can expect a potential return of 14.41% based on the average CSX price forecast.
Analyzing the CSX fundamentals
CSX Corp. [NASDAQ:CSX] reported sales of 14.66B for the trailing twelve months, which represents a drop of -1.34%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.31 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.53.
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 34.65 points at the first support level, and at 34.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.14, and for the 2nd resistance point, it is at 35.44.
Ratios To Look Out For
For context, CSX Corp.’s Current Ratio is 1.05. Further, the Quick Ratio stands at 0.91, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 4.66, the price to book ratio is 5.62 and price to earnings (TTM) ratio is 18.89.
Transactions by insiders
Recent insider trading involved Goldman Nathan D, EVP & CLO, that happened on Feb 20 ’24 when 0.24 million shares were sold. EVP & CAO, Sorfleet Diana B completed a deal on Feb 07 ’24 to sell 37087.0 shares. Meanwhile, EVP & CCO Boone Kevin S. sold 60000.0 shares on Feb 06 ’24.
