Analyzing CSX Corporation (CSX) By Technical Indicators


As of Thursday close, CSX Corporation’s (NASDAQ:CSX) stock was up $0.03, moving up 0.10 percent to $30.92. The average number of shares traded per day over the past five days has been 12,459,920 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.47 fall in that time frame. In the last twenty days, the average volume was 10,450,255, while in the previous 50 days, it was 12,891,674.

Since last month, CSX stock rose 2.59%. Shares of the company fell to $29.92 on 04/27/23, the lowest level in the past month. A 52-week high of $34.71 was reached on 05/22/23 after having rallying from a 52-week low of $25.80. Since the beginning of this year, CSX’s stock price has dropped by -0.19% or -$0.06, and marked a new high 9 times. However, the stock has declined by -10.92% since its 52-week high.

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CSX stock investors should be aware that CSX Corporation (CSX) stock had its last reported insider trading activity 354 days ago on Jun 06. ZILLMER JOHN J, the Director of the company, disposed of 16,000 shares for $32.25 on Jun 06. It resulted in a $516,000 divestment by the insider.

Valuation Metrics

Right now, CSX Corporation (CSX) has a P/E ratio of about 15.19. The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 4.16, the price-to-book (PB) ratio of 5.15, and the price-to-cash flow ratio of 25.55 may also be considered.

The latest dividend of $0.11 per share was paid out, remained unchanged from last year’s $0.11.

Financial Health

In the three months ended March 30, CSX Corporation’s quick ratio stood at 1.30, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.45, and the total debt-to-equity ratio was 1.45. On the profitability front, the trailing twelve-month gross margin is 71.20% percent. In the year ended March 30, EBITDA margin amounted to 47.44%, whereas operating margins totaled 41.00%. Based on annual data, CSX earned $10.15 billion in gross profit and brought in $14.85 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.60%. Return on equity (ROE) for the past 12 months was 33.70%.

In CSX Corporation’s quarter-end financial report for March 30, it reported total debt of $17.91 billion against cash and short-term investments of $178.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CSX’s revenue rose 7.91% to $3.73 billion during the quarter, while net income inched up to $3.71 billion. While analysts expected CSX Corporation to report $0.43 quarterly earnings, the actual figure was $0.48 per share, beating the consensus estimate by 11.60%. During the quarter, the company generated $1.86 billion in EBITDA. The liabilities of CSX Corporation were 29.14 billion at the end of its most recent quarter ended March 30, and its total debt was $18.5 billion. The value of shareholders’ equity is $2.03 billion.

Technical Picture

This quick technical analysis looks at CSX Corporation’s (CSX) price momentum. With a historical volatility rate of 17.31%, the RSI 9-day stood at 37.15% on 25 May.

With respect to its five-day moving average, the current CSX Corporation price is down by -4.54% percent or -$1.47. At present, CSX shares trade +1.74% above its 20-day simple moving average and -0.19% percent below its 100-day simple moving average. However, the stock is currently trading approximately +6.69% above its SMA50 and -5.36% below its SMA200.

Stochastic coefficient K was 20.26% and Stochastic coefficient D was 35.70%, while ATR was 0.70. Given the Stochastic reading of 14.68% for the 14-day period, the RSI (14) reading has been calculated as 44.61%. As of today, the MACD Oscillator reading stands at -0.60, while the 14-day reading stands at -0.64.

Analyst Ratings

CSX Corporation (CSX) has been rated Overweight by analysts. According to 0 brokerage firms, CSX is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate CSX Corporation stock as buy, with 15 recommending it as overweight.

With a median target price of $35.50, the current consensus forecast for the stock is $26.00 – $40.00. Based on these forecasts, analysts predict CSX Corporation (CSX) will achieve an average price target of $35.09.


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