Stocks of CSX Corp. (NASDAQ:CSX) traded higher last session on Wall Street, down -1.93% to $36.13.
CSX stock price is now -1.76% away from the 50-day moving average and 8.68% away from the 200-day moving average. The market capitalization of the company currently stands at $70.78B.
With the price target enhanced from $32 to $36, TD Cowen maintained Market Perform rating for CSX Corp. (NASDAQ: CSX). , while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Goldman Nathan D, EVP & CLO sold 244,487 shares of the company’s stock on Feb 20 ’24. The stock was sold for $8,953,114 at an average price of $36.62. Upon completion of the transaction, the EVP & CLO now directly owns 251,579 shares in the company, valued at $9.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07 ’24, EVP & CAO Sorfleet Diana B sold 37,087 shares of the business’s stock. A total of $1,378,524 was realized by selling the stock at an average price of $37.17. This leaves the insider owning 215,226 shares of the company worth $7.78 million. A total of 0.24% of the company’s stock is owned by insiders.
During the past 12 months, CSX Corp. has had a low of $28.28 and a high of $40.12. As of last week, the company has a debt-to-equity ratio of 1.57, a current ratio of 1.05, and a quick ratio of 0.91. According to the stock market information, the enterprise value for the company is $88.35B, which is based on a 19.59 price-to-earnings ratio, a 1.99 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for CSX is $36.80 and a two-hundred day moving average price translates $33.26 for the stock.
The latest earnings results from CSX Corp. (NASDAQ: CSX) was released for Dec, 2023. According to the Railroads Company, earnings per share came in at $0.45, beating analysts’ expectations of $0.44 by 0.01. This compares to $0.49 EPS in the same period last year. The net profit margin was 25.35% and return on equity was 30.03% for CSX. The company reported revenue of $3.68 billion for the quarter, compared to $3.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.34 percent. For the current quarter, analysts expect CSX to generate $3.67B 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 also 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. In addition, the company provides intermodal 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 3,500 locomotives. It serves production and distribution facilities through track connections. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.
