As of close of business last night, CSX Corp.’s stock clocked out at $36.84, up 1.97% from its previous closing price of $36.13. In other words, the price has increased by $+0.71 from its previous closing price. On the day, 8578280 shares were traded. CSX stock price reached its highest trading level at $36.86 during the session, while it also had its lowest trading level at $36.25.
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Ratios:
To gain a deeper understanding of CSX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 50.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.09. For the most recent quarter (mrq), Quick Ratio is recorded 0.91 and its Current Ratio is at 1.05. In the meantime, Its Debt-to-Equity ratio is 1.57 whereas as Long-Term Debt/Eq ratio is at 1.52.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on January 25, 2024, Reiterated its Market Perform rating but revised its target price to $36 from $32 previously.
JP Morgan Upgraded its Neutral to Overweight on October 11, 2023, whereas the target price for the stock was revised from $37 to $40.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 20 ’24 when Goldman Nathan D sold 244,487 shares for $36.62 per share. The transaction valued at 8,953,114 led to the insider holds 251,579 shares of the business.
Sorfleet Diana B sold 37,087 shares of CSX for $1,378,524 on Feb 07 ’24. The EVP & CAO now owns 215,226 shares after completing the transaction at $37.17 per share. On Feb 06 ’24, another insider, Boone Kevin S., who serves as the EVP & CCO of the company, sold 60,000 shares for $37.10 each. As a result, the insider received 2,226,000 and left with 170,757 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CSX now has a Market Capitalization of 72.10B and an Enterprise Value of 89.69B. As of this moment, CSX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.97, and their Forward P/E ratio for the next fiscal year is 16.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.92 while its Price-to-Book (P/B) ratio in mrq is 5.95. Its current Enterprise Value per Revenue stands at 6.12 whereas that against EBITDA is 12.27.
Stock Price History:
Over the past 52 weeks, CSX has reached a high of $40.12, while it has fallen to a 52-week low of $28.28. The 50-Day Moving Average of the stock is 36.84, while the 200-Day Moving Average is calculated to be 33.28.
Shares Statistics:
It appears that CSX traded 11.54M shares on average per day over the past three months and 12.37M shares per day over the past ten days. A total of 1.96B shares are outstanding, with a floating share count of 1.95B. Insiders hold about 0.24% of the company’s shares, while institutions hold 75.41% stake in the company. Shares short for CSX as of Feb 29, 2024 were 21.95M with a Short Ratio of 2.03, compared to 19.62M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.12% and a Short% of Float of 1.12%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.44, CSX has a forward annual dividend rate of 0.45. Against a Trailing Annual Dividend Yield of 1.22%, it implies a Forward Annual Dividend Yield of 1.30%. The stock’s 5-year Average Dividend Yield is 1.26. The current Payout Ratio is 23.84% for CSX, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 28, 2024. Stock splits for the company last occurred on Jun 29, 2021 when the company split stock in a 3:1 ratio.
Earnings Estimates
As of right now, 21 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.45 for the current quarter, with a high estimate of $0.47 and a low estimate of $0.42, while EPS last year was $0.48. The consensus estimate for the next quarter is $0.5, with high estimates of $0.53 and low estimates of $0.47.
Analysts are recommending an EPS of between $2.08 and $1.86 for the fiscal current year, implying an average EPS of $1.97. EPS for the following year is $2.19, with 25 analysts recommending between $2.4 and $1.89.
Revenue Estimates
In the current quarter, 15 analysts expect revenue to total $3.67B. It ranges from a high estimate of $3.73B to a low estimate of $3.58B. As of the current estimate, CSX Corp.’s year-ago sales were $3.58B, an estimated increase of 2.40% from the year-ago figure.
A total of 22 analysts have provided revenue estimates for CSX’s current fiscal year. The highest revenue estimate was $15.21B, while the lowest revenue estimate was $14.79B, resulting in an average revenue estimate of $15.05B. In the same quarter a year ago, actual revenue was $14.66B, up 2.70% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $15.67B in the next fiscal year. The high estimate is $16.17B and the low estimate is $15.17B. The average revenue growth estimate for next year is up 4.10% from the average revenue estimate for this year.
