CSX Corp (NASDAQ:CSX) shares traded 0.35% higher at $31.89 on Wall Street last session.
CSX stock price is now -6.40% away from the 50-day moving average and -6.27% away from the 200-day moving average. The market capitalization of the company currently stands at $61.50B.
With the price target maintained at $37, Jefferies recently Upgraded its rating from Hold to Buy for CSX Corp (NASDAQ: CSX). On October 17, 2024, TD Cowen reiterated its ‘Hold’ rating on the stock by increasing its target price from $36 to quote $35, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Goldman Nathan D, EVP & CLO sold 118,588 shares of the company’s stock on Nov 18 ’24. The stock was sold for $4,197,315 at an average price of $35.39. Upon completion of the transaction, the EVP & CLO now directly owns 202,991 shares in the company, valued at $6.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Officer Goldman Nathan D bought 118,588 shares of the business’s stock. A total of $4,198,010 was incurred on buying the stock at an average price of $35.40. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, CSX Corp has had a low of $31.43 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 $78980284416, which is based on a 17.14 price-to-earnings ratio, a 2.33 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for CSX is $34.097 and a two-hundred day moving average price translates $34.04575 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.
