The price of CSX Corp. (NASDAQ:CSX) shares last traded on Wall Street fell -2.14% to $31.94.
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 $32.64, this indicates a potential upside of 13.36 percent. CSX stock price is now 3.74% away from the 50-day moving average and 2.40% away from the 200-day moving average. The market capitalization of the company currently stands at $63.12B.
Among analysts, 8 rate the stock a hold while 16 rate it a buy. Brokers who have rated the stock have averaged $36.07 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 $7.35 million over the past 1 year. A total of 0.23% of the company’s stock is owned by insiders.
A candlestick chart of CSX Corp. (NASDAQ: CSX) showed a price of $32.52 on Monday 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 $80.63B, which is based on a 16.96 price-to-earnings ratio, a 2.57 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for CSX is $30.81 and a two-hundred day moving average price translates $31.20 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.
