CSX Corp. (NASDAQ: CSX) Is One Stock You Should Watch

CSX Corp. (NASDAQ:CSX)’s traded shares stood at 25.71 million during the last session, with the company’s beta value hitting 1.18. At the close of trading, the stock’s price was $34.39, to imply an increase of 0.67% or $0.23 in intraday trading. The CSX share’s 52-week high remains $40.12, putting it -16.66% down since that peak but still an impressive 15.59% since price per share fell to its 52-week low of $29.03. The company has a valuation of $67.37B, with an average of 12.52 million shares over the past 3 months.

CSX Corp. (NASDAQ:CSX) trade information

After registering a 0.67% upside in the last session, CSX Corp. (CSX) has traded red over the past five days. The stock hit a weekly high of 35.83, jumping 0.67% in its intraday price action. The 5-day price performance for the stock is -2.94%, and -7.00% over 30 days. With these gigs, the year-to-date price performance is -0.81%.

CSX Corp. (CSX) estimates and forecasts

Looking at statistics comparing CSX Corp. share performance against respective industry, we note that the company has underperformed competitors. CSX Corp. (CSX) shares are 9.63% up over the last 6 months, with its year-to-date growth rate lower than industry average at 6.49% against 11.10%.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 7.59% for the past 5-year period. While 2024 is set for a 5.29% return in earnings, projections for the next 5 years are at 9.83% annually.

CSX Dividends

CSX Corp. has its next earnings report out in May. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. CSX Corp. has a forward dividend ratio of 0.45, with the share yield ticking at 1.31% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.