At the time of writing, CSX Corp. [CSX] stock is trading at $33.76, up 0.51%. 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 gain 3.21% over the last week, with a monthly amount glided 0.03%, and 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 June 07, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $35. Previously, Jefferies started tracking the stock with Hold rating on April 08, 2024, and set its price target to $40. On January 25, 2024, TD Cowen reiterated its Market Perform rating and revised its price target to $36 on the stock. Susquehanna upgraded its rating to a Positive. JP Morgan upgraded its rating to a Overweight and raised its price target to $40 on October 11, 2023. BofA Securities upgraded its rating to Buy for this stock on September 08, 2023, and upped its price target to $36. In a note dated August 04, 2023, BofA Securities downgraded an Neutral rating on this stock.
For the past year, the stock price of CSX Corp. fluctuated between $29.03 and $40.12. Currently, Wall Street analysts expect the stock to reach $40.13 within the next 12 months. CSX Corp. [NASDAQ: CSX] shares were valued at $33.76 at the most recent close of the market. An investor can expect a potential return of 18.87% based on the average CSX price forecast.
Analyzing the CSX fundamentals
According to CSX Corp. [NASDAQ:CSX], the company’s sales were 14.63B for trailing twelve months, which represents an -0.67% plunge. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.37%, 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 0.08, Equity is 0.3 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 1.51.
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 33.58 points at the first support level, and at 33.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.91, and for the 2nd resistance point, it is at 34.05.
Ratios To Look Out For
It is important to note that CSX Corp. [NASDAQ:CSX] has a current ratio of 1.15. Further, the Quick Ratio stands at 1.00, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 4.51, the price to book ratio is 5.24 and price to earnings (TTM) ratio is 18.55.
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.
