CSX Corp. (NASDAQ:CSX) shares traded 0.62% higher at $37.07 on Wall Street last session.
CSX stock price is now 0.61% away from the 50-day moving average and 11.38% away from the 200-day moving average. The market capitalization of the company currently stands at $72.62B.
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 $9.33 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 $7.98 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 $28.73 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 $90.10B, which is based on a 20.10 price-to-earnings ratio, a 2.04 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for CSX is $36.90 and a two-hundred day moving average price translates $33.31 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.
