In yesterday’s Wall Street session, CSX Corp (NASDAQ:CSX) shares traded at $36.00, up 1.24% from the previous session.
CSX stock price is now 5.43% away from the 50-day moving average and 3.73% away from the 200-day moving average. The market capitalization of the company currently stands at $70.28B.
With the price target reduced from $36 to $35, TD Cowen maintained Hold rating for CSX Corp (NASDAQ: CSX). On October 09, 2024, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $42, while ‘BofA Securities’ rates the stock as ‘Neutral’
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 $9.06 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 $7.75 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 $30.12 and a high of $40.12. As of last week, the company has a debt-to-equity ratio of 1.47, a current ratio of 1.39, and a quick ratio of 1.23. According to the stock market information, the enterprise value for the company is $86906093568, which is based on a 19.35 price-to-earnings ratio, a 2.42 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for CSX is $34.147 and a two-hundred day moving average price translates $34.7039 for the stock.
The latest earnings results from CSX Corp (NASDAQ: CSX) was released for 2024-09-30. The net profit margin was 24.77% and return on equity was 29.23% for CSX. The company reported revenue of $3.62 billion for the quarter, compared to $3.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.32 percent.
