In yesterday’s Wall Street session, CSX Corp. (NASDAQ:CSX) shares traded at $33.45, up 1.27% from the previous session.
CSX stock price is now -0.20% away from the 50-day moving average and -1.20% away from the 200-day moving average. The market capitalization of the company currently stands at $65.39B.
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With the price target of $35, Wells Fargo recently initiated with Equal Weight rating for CSX Corp. (NASDAQ: CSX). On April 08, 2024, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $40, while ‘TD Cowen’ rates the stock as ‘Market Perform’
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 $8.42 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 $7.2 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 $83045310464, which is based on a 18.38 price-to-earnings ratio, a 1.69 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for CSX is $33.503 and a two-hundred day moving average price translates $33.8691 for the stock.
The latest earnings results from CSX Corp. (NASDAQ: CSX) was released for 2024-03-31. 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.
