Weekly Performance Analysis for CSX Corporation (CSX)

CSX Corporation (NASDAQ:CSX) saw an upside of 1.65% to close Friday at $32.71 after adding $0.53 on the day. The 5-day average trading volume is 14,453,660 shares of the company’s common stock. It has gained $32.85 in the past week. An average of 12,954,680 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,212,900.

CSX’s 1-month performance is 4.34% or $1.02 on its low of $29.49 reached on 09/20/21. The company’s shares have touched a 52-week low of $25.13 and high of $34.96, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, CSX has achieved 8.13% or $2.46. However, the current price is down -6.43%% from the 52-week high price.


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Insider Transactions

On Sep 08, 33 days have gone by since the last insider trading activity for CSX Corporation (CSX). Wallace Mark Kenneth (Executive Vice President – CSX) most recently sold 161,487 shares at $31.60 per share on Sep 08. This transaction cost the insider $5,102,989. Director, ZILLMER JOHN J, sold 15,000 shares at a price of $33.54 on Aug 24. Then, on Jul 26, EVP & CLO Goldman Nathan D sold 35,000 shares at a price of $32.87 per share. This transaction amounted to $1,150,450.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 29.83 and a low of 7.877. CSX stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.43 while the price-to-book (PB) in the most recent quarter is 5.53, with the price to cash flow ratio at 34.93.

CSX Corporation pays an annual dividend of $0.37 per share. Its dividend yield is 1.13% and the payout ratio is 24.30%. CSX paid $0.0930 a share compared with prior rate of $0.0930, down 0.0% from last year’s. The company has latest dividend decrease of $0.0003 reported on Monday July 26 2021. Measured over the last 3 years, the Dividend has been growing by 33.33% yearly.

It is projected that CSX Corporation’s next ex-dividend date will be on 29-Nov-2021. CSX is expected to distribute $0.093 as its next dividend.

CSX Corporation’s quick ratio for the period ended June 29 was 2.20, with the current ratio over the same period at 2.30 meaning that CSX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.21, while the total debt to equity was 1.22. In terms of profitability, the gross margin trailing 12 months is 78.90%. The trailing 12-month EBITDA margin is 54.03% while for the period ending June 29; CSX Corporation’s operating margin was 45.70%. The firm’s gross profit as reported stood at $8.02 billion against revenue of $10.58 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, CSX Corporation’s cash and short-term investments amounted to $4.0 million against total debt of $16.8 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 24.58% to $2.99 billion, while revenue of $2.81 billion was 5.92% off the previous quarter. Analysts expected CSX to announce $0.37 per share in earnings in its latest quarter, but it posted $0.39, representing a 5.40% surprise. EBITDA for the quarter stood at more than $2.04 billion. CSX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 26.58 billion, with total debt at $16.8 billion. Shareholders hold equity totaling $2.25 billion

Technical Picture

Let’s look briefly at CSX Corporation (CSX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 70.61% to suggest the stock is trending Overbought, with historical volatility in this time period at 27.54%.

The stock’s 5-day moving average is $31.87, reflecting a +7.81% or $2.37 change from its current price. CSX is currently trading +5.69% above its 20-day SMA, -0.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.93% and +9.58% respectively.

Stochastic %K and %D was 91.38% and 88.33% and the average true range (ATR) pointed at 0.75. The RSI (14) points at 63.51%, while the 14-day stochastic is at 95.67% with the period’s ATR at 0.70. The stock’s 9-day MACD Oscillator is pointing at 1.33 and 1.69 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for CSX Corporation (NASDAQ: CSX), RBC Capital Mkts downgraded it to a Sector perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for CSX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CSX as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 6 rates the stock as overweight while 13 have offered a “buy” rating.

What is CSX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $21.00 and a high of $40.00, with their median price target at $36.00. Looking at these predictions, the average price target given by analysts is for CSX Corporation (CSX) stock is $35.76.

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