In yesterday’s Wall Street session, CSX Corporation (NASDAQ:CSX) shares traded at $31.78, up 0.82% from the previous session.
As of this writing, 29 analysts cover 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 $41.00 and a low of $25.00, we find $37.00. Given the previous closing price of $31.52, this indicates a potential upside of 17.39 percent. CSX stock price is now -3.33% away from the 50-day moving average and 1.52% away from the 200-day moving average. The market capitalization of the company currently stands at $66.57B.
There are 11 analysts who have given it a hold rating, whereas 14 have given it a buy rating. Brokers who have rated the stock have averaged $36.31 as their price target over the next twelve months.
Insiders disposed of 131,346 shares of company stock worth roughly $4.17 million over the past 1 year. A total of 0.29% 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 $169,096,000. PALESTRA CAPITAL MANAGEMENT LLC invested $116,601,000 in shares of CSX during the first quarter. In the first quarter, BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC acquired a new stake in CSX Corporation valued at approximately $112,986,000. ARTEMIS INVESTMENT MANAGEMENT LLP acquired a new stake in CSX for approximately $100,818,000. CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC purchased a new stake in CSX valued at around $59,205,000 in the second quarter. In total, there are 1,968 active investors with 76.00% ownership of the company’s stock.
Monday morning saw CSX Corporation (NASDAQ: CSX) opened at $31.53. 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 1.46, a current ratio of 1.40, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $81.12B, which is based on a 16.03 price-to-earnings ratio, a 2.12 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for CSX is $32.89 and a two-hundred day moving average price translates $31.32 for the stock.
The latest earnings results from CSX Corporation (NASDAQ: CSX) was released for Jun, 2023. According to the Railroads Company, earnings per share came in at $0.49, inline with analysts’ expectations of $0.49. This compares to $0.54 EPS in the same period last year. The net profit margin was 27.40% and return on equity was 32.80% for CSX. The company reported revenue of $3.7 billion for the quarter, compared to $3.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.04 percent. For the current quarter, analysts expect CSX to generate $3.62B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 08/31/2023 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 08/30/2023 for this dividend. In terms of dividend payout ratio, CSX is presently at 21.10%.
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.
