In yesterday’s Wall Street session, CSX Corp. (NASDAQ:CSX) shares traded at $34.69, down -0.94% from the previous session.
CSX stock price is now 3.56% away from the 50-day moving average and 1.83% away from the 200-day moving average. The market capitalization of the company currently stands at $67.82B.
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On June 07, 2024, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $35, while ‘Jefferies’ rates the stock as ‘Hold’
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 $8.73 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 $7.47 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 $85469421568, which is based on a 19.06 price-to-earnings ratio, a 1.88 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for CSX is $33.4566 and a two-hundred day moving average price translates $34.2449 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.
