CSX Corp. [CSX] Is Currently -1.08 below its 200 Period Moving Avg: What Does This Mean?


CSX Corp. [NASDAQ: CSX] plunged by -$0.35 during the normal trading session on while it closed the day at $32.18.

CSX Corp. stock has also loss -1.74% of its value over the past 7 days. However, CSX stock has declined by -12.96% in the 3 months of the year. Over the past six months meanwhile, it has lost -3.19% and lost -7.18% year-on date.

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The market cap for CSX stock reached $62.91 billion, with 1.96 billion shares outstanding and 1.95 billion shares in the current float. Compared to the average trading volume of 12.05M shares, CSX reached a trading volume of 13250047 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 Corp. [CSX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CSX shares is $39.32 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 1.78. 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.

Wells Fargo have made an estimate for CSX Corp. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on June 07, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on April 08, 2024, representing the official price target for CSX Corp. stock. Previously, the target price had yet another raise from $32 to $36, while TD Cowen kept a Market Perform rating on CSX stock.

The Average True Range (ATR) for CSX Corp. is set at 0.56, with the Price to Sales ratio for CSX stock in the period of the last 12 months amounting to 4.30. The Price to Book ratio for the last quarter was 4.99, with the Price to Cash per share for the same quarter was set at 0.76. Price to Free Cash Flow for CSX in the course of the last twelve months was 20.83 with Quick ratio for the last quarter at 1.00.

CSX stock trade performance evaluation

CSX Corp. [CSX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.74. With this latest performance, CSX shares dropped by -4.91% in over the last four-week period, additionally sinking by -3.19% over the last 6 months – not to mention a drop of -2.75% 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 34.41, with the RSI for the last a single of trading hit 30.76, and the three-weeks RSI is set at 36.35 for CSX Corp. [CSX]. The present Moving Average for the last 50 days of trading for this stock 33.92, while it was recorded at 32.61 for the last single week of trading, and 33.74 for the last 200 days.

CSX Corp. [CSX]: An insightful look at the core fundamentals

CSX Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.15.

Earnings per share (EPS) analysis for CSX Corp. [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 Corp. go to 10.90%.

CSX Corp. [CSX]: Institutional Ownership

There are presently around $64.36 billion, or None% of CSX stock, in the hands of institutional investors. The top three institutional holders of CSX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CSX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CSX stock with ownership which is approximately 5.8386%.