At the time of writing, CSX Corp. [CSX] stock is trading at $35.29, up 0.94%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CSX shares have gain 4.87% over the last week, with a monthly amount glided 5.28%, 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 October 09, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $42. Previously, BofA Securities downgraded its rating to Neutral on July 08, 2024. On June 07, 2024, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $35 on the stock. Jefferies started tracking the stock assigning a Hold rating and suggested a price target of $40 on April 08, 2024. TD Cowen reiterated its recommendation of a Market Perform and raised its price target to $36 on January 25, 2024. Susquehanna upgraded its rating to Positive for this stock on January 08, 2024. In a note dated October 11, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $37 to $40.
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 $38 within the next 12 months. CSX Corp. [NASDAQ: CSX] shares were valued at $35.29 at the most recent close of the market. An investor can expect a potential return of 7.68% 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 0.05% jump. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.32%, 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 0.29 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.47.
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 34.86 points at the first support level, and at 34.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.53, and for the 2nd resistance point, it is at 35.78.
Ratios To Look Out For
It is important to note that CSX Corp. [NASDAQ:CSX] has a current ratio of 1.16. As well, the Quick Ratio is 1.01, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 4.68, the price to book ratio is 5.42 and price to earnings (TTM) ratio is 19.36.
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.
