In yesterday’s Wall Street session, CSX Corp. (NASDAQ:CSX) shares traded at $33.78, up 0.84% from the previous session.
CSX stock price is now -3.73% away from the 50-day moving average and 0.65% away from the 200-day moving average. The market capitalization of the company currently stands at $66.04B.
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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 $8.5 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 $7.27 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. According to the stock market information, the enterprise value for the company is $83690438656, which is based on a 18.56 price-to-earnings ratio, a 1.70 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for CSX is $35.0244 and a two-hundred day moving average price translates $33.57645 for the stock.
The latest earnings results from CSX Corp. (NASDAQ: CSX) was released for 2024-03-31. According to the Railroads Company, earnings per share came in at 0.49, inline with analysts’ expectations of 0.49. This compares to $0.48 EPS in the same period last year. 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. For the current quarter, analysts expect CSX to generate $3.71B in revenue.
