Market Insights: CSX Corp. (CSX)’s Notable Drop of -0.27, Closing at 33.84

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As of close of business last night, CSX Corp.’s stock clocked out at $33.84, down -0.27% from its previous closing price of $33.93. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 12.53 million shares were traded. CSX stock price reached its highest trading level at $34.335 during the session, while it also had its lowest trading level at $33.79.

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 44.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.91. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 1.51 whereas as Long-Term Debt/Eq ratio is at 1.46.

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, Jefferies on April 08, 2024, initiated with a Hold rating and assigned the stock a target price of $40.

On January 25, 2024, TD Cowen reiterated its Market Perform rating and also lowered its target price recommendation from $32 to $36.

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 66154831872 and an Enterprise Value of 83807731712. As of this moment, CSX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.59, and their Forward P/E ratio for the next fiscal year is 15.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.52 while its Price-to-Book (P/B) ratio in mrq is 5.25. Its current Enterprise Value per Revenue stands at 5.728 whereas that against EBITDA is 11.748.

Stock Price History:

The Beta on a monthly basis for CSX is 1.19, which has changed by 0.044766903 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, CSX has reached a high of $40.12, while it has fallen to a 52-week low of $29.03. The 50-Day Moving Average of the stock is -5.22%, while the 200-Day Moving Average is calculated to be 0.95%.

Shares Statistics:

It appears that CSX traded 12.39M shares on average per day over the past three months and 9849290 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 0.15% of the company’s shares, while institutions hold 75.18% stake in the company. Shares short for CSX as of 1714435200 were 31913485 with a Short Ratio of 2.58, compared to 1711584000 on 25090847. Therefore, it implies a Short% of Shares Outstanding of 31913485 and a Short% of Float of 1.6400000000000001.

Dividends & Splits

With its trailing 12-month dividend rate of 0.45, CSX has a forward annual dividend rate of 0.45. Against a Trailing Annual Dividend Yield of 0.013262599The 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 2024-02-28 with an ex-dividend date of 1717113600. Stock splits for the company last occurred on 2021-06-29 when the company split stock in a 3:1 ratio.

Earnings Estimates

The current rating of CSX Corp. (CSX) is the result of assessments by 22.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $0.48 for the current quarter, with a high estimate of $0.5 and a low estimate of $0.46, while EPS last year was $0.49. The consensus estimate for the next quarter is $0.49, with high estimates of $0.53 and low estimates of $0.46.

Analysts are recommending an EPS of between $2.02 and $1.86 for the fiscal current year, implying an average EPS of $1.94. EPS for the following year is $2.18, with 26.0 analysts recommending between $2.32 and $1.96.

Revenue Estimates

For the next quarter, 17 analysts are estimating revenue of $3.76B. There is a high estimate of $3.82B for the next quarter, whereas the lowest estimate is $3.73B.

A total of 23 analysts have provided revenue estimates for CSX’s current fiscal year. The highest revenue estimate was $15.15B, while the lowest revenue estimate was $14.85B, resulting in an average revenue estimate of $14.99B. In the same quarter a year ago, actual revenue was $14.66BBased on 23 analysts’ estimates, the company’s revenue will be $15.64B in the next fiscal year. The high estimate is $15.99B and the low estimate is $15.28B.

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