Thursday, October 29, 2020

CSX Corporation [CSX] Revenue clocked in at $10.97 billion, up 7.21% YTD: What’s Next?

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CSX Corporation [NASDAQ: CSX] stock went on a downward path that fall over -2.82% on Monday, amounting to a one-week price decrease of less than -1.75%.

Over the last 12 months, CSX stock rose by 13.06%. The one-year CSX Corporation stock forecast points to a potential upside of 3.5. The average equity rating for CSX stock is currently 2.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $59.11 billion, with 766.00 million shares outstanding and 764.20 million shares in the current float. Compared to the average trading volume of 3.67M shares, CSX stock reached a trading volume of 4346860 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on CSX Corporation [CSX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CSX shares is $80.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CSX stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stephens have made an estimate for CSX Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on August 31, 2020. While these analysts kept the previous recommendation, UBS raised their target price from $63 to $80. The new note on the price target was released on May 20, 2020, representing the official price target for CSX Corporation stock. Previously, the target price had yet another drop from $79 to $75, while Goldman kept a Buy rating on CSX stock.

The Average True Range (ATR) for CSX Corporation is set at 1.89, with the Price to Sales ratio for CSX stock in the period of the last 12 months amounting to 5.39. The Price to Book ratio for the last quarter was 4.89, with the Price to Cash per share for the same quarter was set at 3.40. Price to Free Cash Flow for CSX in the course of the last twelve months was 25.67 with Quick ratio for the last quarter at 1.50.

CSX Stock Performance Analysis:

CSX Corporation [CSX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.75. With this latest performance, CSX shares gained by 4.97% in over the last four-week period, additionally plugging by 62.78% over the last 6 months – not to mention a rise of 13.06% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CSX stock in for the last two-week period is set at 54.23, with the RSI for the last a single of trading hit 50.59, and the three-weeks RSI is set at 55.77 for CSX Corporation [CSX]. The present Moving Average for the last 50 days of trading for this stock 74.25, while it was recorded at 79.31 for the last single week of trading, and 70.08 for the last 200 days.

Insight into CSX Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and CSX Corporation [CSX] shares currently have an operating margin of +39.75 and a Gross Margin at +40.65. CSX Corporation’s Net Margin is presently recorded at +27.90.

Return on Total Capital for CSX is now 16.95, given the latest momentum, and Return on Invested Capital for the company is 11.97. Return on Equity for this stock inclined to 27.29, with Return on Assets sitting at 8.72. When it comes to the capital structure of this company, CSX Corporation [CSX] has a Total Debt to Total Equity ratio set at 141.69. Additionally, CSX Total Debt to Total Capital is recorded at 58.63, with Total Debt to Total Assets ending up at 43.18. Long-Term Debt to Equity for the company is recorded at 139.15, with the Long-Term Debt to Total Capital now at 57.57.

Reflecting on the efficiency of the workforce at the company, CSX Corporation [CSX] managed to generate an average of $158,619 per employee. Receivables Turnover for the company is 11.96 with a Total Asset Turnover recorded at a value of 0.31.CSX Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.60.

CSX Stock EPS

With the latest financial reports released by the company, CSX Corporation posted 1.08/share EPS, while the average EPS was predicted by analysts to be reported at 1.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CSX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CSX Corporation go to 3.65%.

CSX Corporation [CSX] Insider Position Details

There are presently around $44,396 million, or 76.90% of CSX stock, in the hands of institutional investors. The top three institutional holders of CSX stocks are: CAPITAL WORLD INVESTORS with ownership of 65,486,314, which is approximately 7.917% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 63,753,478 shares of the stock with an approximate value of $4.95 billion in CSX stocks shares; and BLACKROCK INC., currently with $3.94 billion in CSX stock with ownership of nearly 7.664% of the company’s market capitalization.

Positions in CSX Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 483 institutional holders increased their position in CSX Corporation [NASDAQ:CSX] by around 48,405,514 shares. Additionally, 519 investors decreased positions by around 43,174,539 shares, while 238 investors held positions by with 480,682,328 shares. The mentioned changes placed institutional holdings at 572,262,381 shares, according to the latest SEC report filing. CSX stock had 108 new institutional investments in for a total of 1,884,647 shares, while 86 institutional investors sold positions of 5,288,705 shares during the same period.

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