CSX Corporation [NASDAQ: CSX] closed the trading session at $31.15 on 03/03/23. The day’s price range saw the stock hit a low of $30.995, while the highest price level was $31.44. The company report on March 2, 2023 that CSX Joins FRA Close Call Reporting System.
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“CSX is fully committed to a positive employee experience, and that includes ensuring every employee feels safe in our work environment,” said Joe Hinrichs, CSX president and chief executive officer. “Like every aspect of our ONE CSX culture, our focus on safe behaviors must be shared by all employees. Across our entire network, we are continually delivering coaching to ensure we are protecting ourselves, our teammates and our neighbors; complying with laws and regulations; and speaking up about safety concerns. The safety of our employees and the communities we serve will always be our top priority.”.
The stocks have a year to date performance of 0.55 percent and weekly performance of 1.30 percent. The stock has been moved at -1.58 percent over the last six months. The stock has performed -1.39 percent around the most recent 30 days and changed -4.71 percent over the most recent 3-months.
If compared to the average trading volume of 13.26M shares, CSX reached to a volume of 14601641 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $34.40 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 2.20. 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 0.77, with the Price to Sales ratio for CSX stock in the period of the last 12 months amounting to 4.34. The Price to Book ratio for the last quarter was 5.12, with the Price to Cash per share for the same quarter was set at 1.01. Price to Free Cash Flow for CSX in the course of the last twelve months was 24.49 with Quick ratio for the last quarter at 1.40.
CSX stock trade performance evaluation
CSX Corporation [CSX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.30. With this latest performance, CSX shares dropped by -1.39% in over the last four-week period, additionally sinking by -1.58% over the last 6 months – not to mention a drop of -10.00% 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 49.85, with the RSI for the last a single of trading hit 51.77, and the three-weeks RSI is set at 49.52 for CSX Corporation [CSX]. The present Moving Average for the last 50 days of trading for this stock 31.38, while it was recorded at 30.91 for the last single week of trading, and 30.77 for the last 200 days.
CSX Corporation [CSX]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and CSX Corporation [CSX] shares currently have an operating margin of +37.35 and a Gross Margin at +38.31. CSX Corporation’s Net Margin is presently recorded at +28.05.
Return on Equity for this stock inclined to 31.92, with Return on Assets sitting at 9.95.
CSX Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.60.
Earnings per share (EPS) analysis for CSX Corporation [CSX] stock
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 9.08%.
CSX Corporation [CSX]: Insider Ownership positions
There are presently around $47,910 million, or 76.00% of CSX stock, in the hands of institutional investors. The top three institutional holders of CSX stocks are: VANGUARD GROUP INC with ownership of 184,039,609, which is approximately -0.486% of the company’s market cap and around 0.26% of the total institutional ownership; BLACKROCK INC., holding 139,053,438 shares of the stock with an approximate value of $4.33 billion in CSX stocks shares; and STATE STREET CORP, currently with $2.91 billion in CSX stock with ownership of nearly -1.058% of the company’s market capitalization.
687 institutional holders increased their position in CSX Corporation [NASDAQ:CSX] by around 92,530,418 shares. Additionally, 656 investors decreased positions by around 119,883,711 shares, while 291 investors held positions by with 1,325,633,665 shares. The mentioned changes placed institutional holdings at 1,538,047,794 shares, according to the latest SEC report filing. CSX stock had 193 new institutional investments in for a total of 33,402,663 shares, while 102 institutional investors sold positions of 9,513,627 shares during the same period.