The stock of CSX Corporation (NASDAQ:CSX) decreased by -$0.05 on Monday to finish at $30.86, down -0.16 percent. The last five days have seen an average of 11,390,260 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$0.12. The average number of shares traded over the last 20 days was 11,925,485, while the average volume over the last 50 days totaled 12,750,820.
CSX stock dropped -8.70% since last month. On 08/16/23, the company’s shares reached a one-month low of $30.12. The stock touched a high of $34.38 on 07/03/23, after rallying from a low of $25.80 in 52 weeks. The price of CSX stock has declined by -0.39% or -$0.12 this year, reaching a new high 15 times. Still, the stock price is down -10.24% from the 52-week high.
Valuation Metrics
CSX Corporation (CSX) has a trailing price-to-earnings (P/E) ratio of 15.56. Beta for the stock is 1.22. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.07, the price-to-book (PB) ratio of 5.08, and the price-to-cash flow ratio of 18.92.
Company paid $0.11 per share in dividends, remained unchanged from $0.11 last year.
Financial Health
For the three months ended June 29, CSX Corporation’s quick ratio was 1.20, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.46, and the total debt to equity ratio is 1.46. As far as profitability goes, gross margin for the trailing twelve months is 71.70% percent. CSX Corporation’s EBITDA margin for the year ended June 29 was 47.44%, whereas its operating margin stood at 39.80% for the same period. Based on annual data, it had gross profit of $10.15 billion and revenue of $14.85 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CSX’s return on assets (ROA) during the last 12 months has been 9.90%. There was a 15.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 32.80%.
Earnings Surprise
According to CSX Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.7 billion, while revenues fell by -3.14% to $3.71 billion. It was predicted that CSX Corporation’s quarterly earnings would be $0.49, but it ended up being $0.49. EBITDA was $1.88 billion for the quarter. At the end of CSX Corporation’s most recent quarter ended June 29, its liabilities totaled 28.94 billion, while its total debt was $18.51 billion. Equity owned by shareholders amounts to $2.01 billion.
Technical Picture
Here’s a quick look at CSX Corporation’s (CSX) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 45.07%, suggesting the stock is Neutral, with a 16.82% historical volatility rate.
The stochastic %K and %D were 44.74% and 35.57% respectively, while the average true range (ATR) was 0.54. Based on the 14-day stochastic reading of 59.20%, the RSI (14) reading is 42.50%. On the 9-day MACD Oscillator, the stock is at 0.12, and the 14-day reading is at 0.08.
Analyst Ratings
CSX Corporation (NASDAQ: CSX) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned CSX Corporation (CSX) an Overweight rating. CSX is a stock that is recommended for selling by 0 brokerage firms, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 15 others recommend it as a buy.
What is CSX’s price target for the next 12 months?
The current consensus forecast for the stock is between $25.00 and $41.00, with a median target price of $37.00. In analyzing these forecasts, the average price target given by analysts for CSX Corporation (CSX) is $36.27.
