Stocks of CSX Corporation (NASDAQ:CSX) traded higher last session on Wall Street, up 0.85% to $31.95.
According to the data, CSX Corporation (NASDAQ:CSX) has 29 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $26.00, we find $35.00. Given the previous closing price of $31.68, this indicates a potential upside of 10.48 percent. CSX stock price is now 5.67% away from the 50-day moving average and 3.89% away from the 200-day moving average. The market capitalization of the company currently stands at $64.89B.
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A total of 11 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $34.94 as their price target over the next twelve months.
With the price target enhanced from $31 to $33, UBS maintained Neutral rating for CSX Corporation (NASDAQ: CSX). On April 21, 2023, TD Cowen reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $35 to quote $37, while ‘Susquehanna’ rates the stock as ‘Neutral’.
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 $10.25 million. Insiders disposed of 246,141 shares of company stock worth roughly $7.86 million over the past 1 year. A total of 0.30% 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 HOLOCENE ADVISORS, LP during the first quarter worth $170,001,000. PALESTRA CAPITAL MANAGEMENT LLC invested $117,225,000 in shares of CSX during the first quarter. In the first quarter, MANNING & NAPIER GROUP, LLC acquired a new stake in CSX Corporation valued at approximately $63,170,000. CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC acquired a new stake in CSX for approximately $59,522,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC purchased a new stake in CSX valued at around $56,795,000 in the second quarter. In total, there are 1,975 active investors with 76.00% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $31.77 for CSX Corporation (NASDAQ: CSX). During the past 12 months, CSX Corporation has had a low of $25.80 and a high of $34.71. As of last week, the company has a debt-to-equity ratio of 1.45, a current ratio of 1.40, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $81.74B, which is based on a 15.69 price-to-earnings ratio, a 1.92 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for CSX is $30.28 and a two-hundred day moving average price translates $30.75 for the stock.
The latest earnings results from CSX Corporation (NASDAQ: CSX) was released for Mar, 2023. According to the Railroads Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.43 by 0.05. This compares to $0.39 EPS in the same period last year. The net profit margin was 28.40% and return on equity was 33.70% for CSX. The company reported revenue of $3.71 billion for the quarter, compared to $3.41 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.58 percent. For the current quarter, analysts expect CSX to generate $3.72B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 05/31/2023 were paid a $0.11 dividend. On an annualized basis, this represents a $0.44 dividend and a 1.38% percent yield. There was an ex-dividend date of 05/30/2023 for this dividend. In terms of dividend payout ratio, CSX is presently at 20.10%.
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, minerals, automotive, 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 20,000 route mile rail network, which serves various population centers in 26 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 3,600 locomotives. It also serves production and distribution facilities through track connections. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.
