How Do CSX Corp. (NASDAQ:CSX)’s Fundamentals Affect Performance

The price of CSX Corp. (NASDAQ:CSX) shares last traded on Wall Street rose 0.03% to $30.40.

Based on available information, 28 analysts follow CSX Corp. (NASDAQ:CSX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $25.00, we find $37.00. Given the previous closing price of $30.39, this indicates a potential upside of 21.75 percent. CSX stock price is now -0.53% away from the 50-day moving average and -2.62% away from the 200-day moving average. The market capitalization of the company currently stands at $60.07B.

Among analysts, 8 rate the stock a hold while 16 rate it a buy. Brokers who have rated the stock have averaged $36.19 as their price target over the next twelve months.

With the price target enhanced from $37 to $40, JP Morgan Upgraded its rating from Neutral to Overweight for CSX Corp. (NASDAQ: CSX).

Insiders disposed of 230,141 shares of company stock worth roughly $7.0 million over the past 1 year. A total of 0.24% of the company’s stock is owned by insiders.

A candlestick chart of CSX Corp. (NASDAQ: CSX) showed a price of $30.55 on Friday morning. During the past 12 months, CSX Corp. has had a low of $27.60 and a high of $34.38. As of last week, the company has a debt-to-equity ratio of 1.59, a current ratio of 1.14, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $77.58B, which is based on a 16.14 price-to-earnings ratio, a 2.45 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for CSX is $30.56 and a two-hundred day moving average price translates $31.21 for the stock.

The latest earnings results from CSX Corp. (NASDAQ: CSX) was released for Sep, 2023. According to the Railroads Company, earnings per share came in at $0.42, inline with analysts’ expectations of $0.42. This compares to $0.52 EPS in the same period last year. The net profit margin was 26.16% and return on equity was 30.99% for CSX. The company reported revenue of $3.57 billion for the quarter, compared to $3.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.29 percent. For the current quarter, analysts expect CSX to generate $3.61B in revenue.

CSX Corp.(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.

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