In yesterday’s Wall Street session, CSX Corp. (NASDAQ:CSX) shares traded at $33.95, down -0.12% from the previous session.
CSX stock price is now -7.27% away from the 50-day moving average and 1.39% away from the 200-day moving average. The market capitalization of the company currently stands at $66.37B.
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With the price target of $40, Jefferies recently initiated with Hold rating for CSX Corp. (NASDAQ: CSX). On January 25, 2024, TD Cowen reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $32 to quote $36, while ‘Susquehanna’ rates the stock as ‘Positive’
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 $8.54 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 $7.31 million. A total of 0.15% of the company’s stock is owned by insiders.
During the past 12 months, CSX Corp. has had a low of $29.03 and a high of $40.12. As of last week, the company has a debt-to-equity ratio of 1.51, a current ratio of 1.15, and a quick ratio of 1.00.
The net profit margin was 24.75% and return on equity was 29.06% for CSX. The company reported revenue of $3.68 billion for the quarter, compared to $3.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.67 percent.
