As of Thursday close, CSX Corporation’s (NASDAQ:CSX) stock was down -$0.53, moving down -1.72 percent to $30.20. The average number of shares traded per day over the past five days has been 10,714,580 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.36 fall in that time frame. In the last twenty days, the average volume was 11,998,120, while in the previous 50 days, it was 12,393,634.
Since last month, CSX stock retreated -8.37%. Shares of the company fell to $30.12 on 08/16/23, the lowest level in the past month. A 52-week high of $34.38 was reached on 07/03/23 after having rallying from a 52-week low of $25.80. Since the beginning of this year, CSX’s stock price has dropped by -2.52% or -$0.78, and marked a new high 15 times. However, the stock has declined by -12.16% since its 52-week high.
Valuation Metrics
Right now, CSX Corporation (CSX) has a P/E ratio of about 15.23. The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 3.99, the price-to-book (PB) ratio of 4.98, and the price-to-cash flow ratio of 18.52 may also be considered.
The latest dividend of $0.11 per share was paid out, remained unchanged from last year’s $0.11. On Wednesday February 15 2023, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, CSX Corporation’s quick ratio stood at 1.20, 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 June 29 was 1.46, and the total debt-to-equity ratio was 1.46. On the profitability front, the trailing twelve-month gross margin is 71.70% percent. In the year ended June 29, EBITDA margin amounted to 47.44%, whereas operating margins totaled 39.80%. 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 32.80%.
In CSX Corporation’s quarter-end financial report for June 29, it reported total debt of $17.9 billion. 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 fell -3.14% to $3.71 billion during the quarter, while net income inched up to $3.7 billion. While analysts expected CSX Corporation to report $0.49 quarterly earnings, the actual figure was $0.49 per share. During the quarter, the company generated $1.88 billion in EBITDA. The liabilities of CSX Corporation were 28.94 billion at the end of its most recent quarter ended June 29, and its total debt was $18.51 billion. The value of shareholders’ equity is $2.01 billion.
Technical Picture
This quick technical analysis looks at CSX Corporation’s (CSX) price momentum. With a historical volatility rate of 15.95%, the RSI 9-day stood at 33.75% on 31 August.
With respect to its five-day moving average, the current CSX Corporation price is down by -1.18% percent or -$0.36. At present, CSX shares trade -8.23% below its 20-day simple moving average and +0.70% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.84% below its SMA50 and -5.45% below its SMA200.
Stochastic coefficient K was 36.54% and Stochastic coefficient D was 47.79%, while ATR was 0.51. Given the Stochastic reading of 6.87% for the 14-day period, the RSI (14) reading has been calculated as 35.85%. As of today, the MACD Oscillator reading stands at -0.13, while the 14-day reading stands at -0.06.
Analyst Ratings
CSX Corporation downgraded its rating on CSX Corporation (NASDAQ: CSX) to a Neutral in a note to investors on August 04, 2023. The analysts firm previously had a Buy rating on the stock.CSX Corporation (CSX) has been rated Overweight by analysts. According to 0 brokerage firms, CSX is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate CSX Corporation stock as buy, with 15 recommending it as overweight.
With a median target price of $37.00, the current consensus forecast for the stock is $25.00 – $41.00. Based on these forecasts, analysts predict CSX Corporation (CSX) will achieve an average price target of $36.16.
