The price of CSX Corporation (NASDAQ:CSX) shares last traded on Wall Street rose 1.33% to $31.29.
Based on available information, 29 analysts follow CSX Corporation (NASDAQ:CSX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $23.00, we find $33.00. Given the previous closing price of $30.88, this indicates a potential upside of 6.87 percent. CSX stock price is now 8.27% away from the 50-day moving average and -2.12% away from the 200-day moving average. The market capitalization of the company currently stands at $65.93B.
Among analysts, 8 rate the stock a hold while 14 rate it a buy. Brokers who have rated the stock have averaged $32.69 as their price target over the next twelve months.
With the price target reduced from $35 to $29, Susquehanna Downgraded its rating from Positive to Neutral for CSX Corporation (NASDAQ: CSX). On September 27, 2022, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $38 to quote $31, while ‘Bernstein’ rates the stock as ‘Mkt Perform’.
In other news, ZILLMER JOHN J, Director sold 16,000 shares of the company’s stock on Jun 06. The stock was sold for $516,000 at an average price of $32.25. Upon completion of the transaction, the Director now directly owns 320,763 shares in the company, valued at $10.04 million. Insiders disposed of 521,472 shares of company stock worth roughly $16.32 million over the past 1 year. A total of 0.23% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CSX stock. A new stake in CSX Corporation shares was purchased by CEREDEX VALUE ADVISORS LLC during the first quarter worth $53,603,000. AMALGAMATED FINANCIAL CORP. invested $17,393,000 in shares of CSX during the first quarter. In the first quarter, ENGINE NO. 1 LLC acquired a new stake in CSX Corporation valued at approximately $14,465,000. DISTILLATE CAPITAL PARTNERS LLC acquired a new stake in CSX for approximately $7,853,000. CZECH NATIONAL BANK purchased a new stake in CSX valued at around $7,785,000 in the second quarter. In total, there are 1,904 active investors with 76.10% ownership of the company’s stock.
A candlestick chart of CSX Corporation (NASDAQ: CSX) showed a price of $30.75 on Monday morning. During the past 12 months, CSX Corporation has had a low of $25.80 and a high of $38.63. As of last week, the company has a debt-to-equity ratio of 1.40, a current ratio of 1.70, and a quick ratio of 1.60. The fifty day moving average price for CSX is $28.90 and a two-hundred day moving average price translates $31.97 for the stock.
The latest earnings results from CSX Corporation (NASDAQ: CSX) was released for Sep, 2022. According to the Railroads Company, earnings per share came in at $0.51, beating analysts’ expectations of $0.49 by 0.02. This compares to $0.43 EPS in the same period last year. The net profit margin was 28.10% and return on equity was 31.00% for CSX. The company reported revenue of $3.9 billion for the quarter, compared to $3.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.32 percent. For the current quarter, analysts expect CSX to generate $3.77B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 11/30/2022 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 1.28% percent yield. There was an ex-dividend date of 11/29/2022 for this dividend. In terms of dividend payout ratio, CSX is presently at 20.90%.
CSX Corporation(CSX) Company Profile
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, automotive, minerals, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities. The company also offers intermodal transportation services through a network of approximately 30 terminals transporting manufactured consumer goods in containers; and drayage services, including the pickup and delivery of intermodal shipments. It serves the automotive industry with distribution centers and storage locations, as well as connects non-rail served customers through transferring products, such as plastics and ethanol from rail to trucks. The company operates approximately 19,500 route mile rail network, which serves various population centers in 23 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, as well as owns and leases approximately 3,500 locomotives. It also serves production and distribution facilities through track connections. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.