CSX Corporation [NASDAQ: CSX] surged by $0.19 during the normal trading session on Monday and reaching a high of $32.22 during the day while it closed the day at $32.01. The company report on May 11, 2023 at 10:00 AM that CSX Executive Vice President of Sales & Marketing to Address Bank of America Transportation, Airlines and Industrials Conference.
This address will be broadcast live via webcast at http://investors.csx.com. A replay will be available following the conclusion of this event. This announcement, as well as additional financial information, is available on the company’s website at http://investors.csx.com.
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CSX Corporation stock has also gained 0.41% of its value over the past 7 days. However, CSX stock has inclined by 1.20% in the 3 months of the year. Over the past six months meanwhile, it has gained 2.53% and gained 3.32% year-on date.
The market cap for CSX stock reached $65.02 billion, with 2.05 billion shares outstanding and 2.01 billion shares in the current float. Compared to the average trading volume of 13.73M shares, CSX reached a trading volume of 6837402 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 $34.94 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.
UBS have made an estimate for CSX Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 21, 2023. While these analysts kept the previous recommendation, TD Cowen raised their target price from $35 to $37. The new note on the price target was released on April 21, 2023, representing the official price target for CSX Corporation stock. Previously, the target price had yet another raise from $32 to $34, while Susquehanna kept a Neutral rating on CSX stock. On April 21, 2023, analysts increased their price target for CSX shares from 35 to 37.
The Average True Range (ATR) for CSX Corporation is set at 0.63, with the Price to Sales ratio for CSX stock in the period of the last 12 months amounting to 4.29. The Price to Book ratio for the last quarter was 5.33, with the Price to Cash per share for the same quarter was set at 0.72. Price to Free Cash Flow for CSX in the course of the last twelve months was 26.37 with Quick ratio for the last quarter at 1.30.
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 0.41. With this latest performance, CSX shares gained by 5.09% in over the last four-week period, additionally plugging by 2.53% over the last 6 months – not to mention a drop of -3.00% 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 63.32, with the RSI for the last a single of trading hit 66.74, and the three-weeks RSI is set at 60.24 for CSX Corporation [CSX]. The present Moving Average for the last 50 days of trading for this stock 30.21, while it was recorded at 31.89 for the last single week of trading, and 30.76 for the last 200 days.
CSX Corporation [CSX]: An insightful look at the core fundamentals
CSX Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.40.
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 8.19%.
CSX Corporation [CSX]: Insider Ownership positions
There are presently around $48,313 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 182,967,318, which is approximately -0.583% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 137,942,919 shares of the stock with an approximate value of $4.39 billion in CSX stocks shares; and CAPITAL WORLD INVESTORS, currently with $2.75 billion in CSX stock with ownership of nearly -0.857% of the company’s market capitalization.
628 institutional holders increased their position in CSX Corporation [NASDAQ:CSX] by around 103,812,997 shares. Additionally, 710 investors decreased positions by around 110,359,229 shares, while 308 investors held positions by with 1,304,137,690 shares. The mentioned changes placed institutional holdings at 1,518,309,916 shares, according to the latest SEC report filing. CSX stock had 133 new institutional investments in for a total of 22,891,632 shares, while 122 institutional investors sold positions of 29,455,145 shares during the same period.