CSX Corporation [CSX] Revenue clocked in at $13.95 billion, down -26.76% YTD: What’s Next?

CSX Corporation [NASDAQ: CSX] price surged by 1.70 percent to reach at $0.46. The company report on October 20, 2022 that CSX Corp. Announces Third Quarter Financial Results.

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“I would like to thank Jim Foote and the entire CSX team for delivering another quarter of solid earnings growth,” said Joe Hinrichs, president and chief executive officer. “I am tremendously excited to work with all the railroaders who make this performance possible and to lead an organization that is fundamentally committed to operational excellence. CSX has great potential for profitable growth over the long-term, and my key objective is to help ensure that we realize this opportunity while building a robust organization that will help drive additional value for our customers, our employees, and our shareholders.”.

A sum of 29361960 shares traded at recent session while its average daily volume was at 15.97M shares. CSX Corporation shares reached a high of $28.48 and dropped to a low of $26.96 until finishing in the latest session at $27.54.

The one-year CSX stock forecast points to a potential upside of 16.44. The average equity rating for CSX stock is currently 2.10, trading closer to a bullish pattern in the stock market.

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 $32.96 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 2.10. 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.

Susquehanna have made an estimate for CSX Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 28, 2022. While these analysts kept the previous recommendation, UBS dropped their target price from $38 to $31. The new note on the price target was released on September 27, 2022, representing the official price target for CSX Corporation stock. Previously, the target price had yet another raise to $32, while Bernstein analysts kept a Mkt Perform rating on CSX stock.

The Average True Range (ATR) for CSX Corporation is set at 0.92, with the Price to Sales ratio for CSX stock in the period of the last 12 months amounting to 4.26. The Price to Book ratio for the last quarter was 4.53, with the Price to Cash per share for the same quarter was set at 0.38. Price to Free Cash Flow for CSX in the course of the last twelve months was 23.42 with Quick ratio for the last quarter at 1.00.

CSX Stock Performance Analysis:

CSX Corporation [CSX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.84. With this latest performance, CSX shares dropped by -3.61% in over the last four-week period, additionally sinking by -20.22% over the last 6 months – not to mention a drop of -21.34% 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 44.43, with the RSI for the last a single of trading hit 45.23, and the three-weeks RSI is set at 41.75 for CSX Corporation [CSX]. The present Moving Average for the last 50 days of trading for this stock 30.14, while it was recorded at 27.78 for the last single week of trading, and 32.51 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 +41.20 and a Gross Margin at +42.24. CSX Corporation’s Net Margin is presently recorded at +30.19.

Return on Equity for this stock inclined to 28.44, with Return on Assets sitting at 9.29.

CSX Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.20.


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 11.14%.

CSX Corporation [CSX] Insider Position Details

There are presently around $44,036 million, or 76.40% of CSX stock, in the hands of institutional investors. The top three institutional holders of CSX stocks are: VANGUARD GROUP INC with ownership of 185,383,863, which is approximately 0.113% of the company’s market cap and around 0.22% of the total institutional ownership; BLACKROCK INC., holding 140,382,969 shares of the stock with an approximate value of $3.87 billion in CSX stocks shares; and CAPITAL WORLD INVESTORS, currently with $3.02 billion in CSX stock with ownership of nearly -20.382% of the company’s market capitalization.

Positions in CSX Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 647 institutional holders increased their position in CSX Corporation [NASDAQ:CSX] by around 120,522,522 shares. Additionally, 686 investors decreased positions by around 145,522,532 shares, while 284 investors held positions by with 1,332,940,080 shares. The mentioned changes placed institutional holdings at 1,598,985,134 shares, according to the latest SEC report filing. CSX stock had 107 new institutional investments in for a total of 17,572,263 shares, while 139 institutional investors sold positions of 9,181,125 shares during the same period.


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