CSX Corp. (NASDAQ: CSX): The Stock We Should Bet On For Economic Growth In The Months To Come

In the last trading session, 14.21 million shares of the CSX Corp. (NASDAQ:CSX) were traded, and its beta was 1.17. Most recently the company’s share price was $34.62, and it changed around $0.28 or 0.82% from the last close, which brings the market valuation of the company to $67.68B. CSX currently trades at a discount to its 52-week high of $40.12, offering almost -15.89% off that amount. The share price’s 52-week low was $29.03, which indicates that the current value has risen by an impressive 16.15% since then. We note from CSX Corp.’s average daily trading volume that its 3-month average coming to 12.57 million.

CSX Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 1.76. If we narrow it down even further, the data shows that 2 out of 27 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 7 recommended CSX as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. CSX Corp. is expected to report earnings per share of $Phillips 66 for the current quarter.

CSX Corp. (NASDAQ:CSX) trade information

Instantly CSX has showed a green trend with a performance of 0.82% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -0.14% year-to-date, but still down -1.48% over the last five days. On the other hand, CSX Corp. (NASDAQ:CSX) is -8.58% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $40.13, which translates to bulls needing to increase their stock price by 13.73% from its current value. Analyst projections state that CSX is forecast to be at a low of $24 and a high of $105.

CSX Corp. (CSX) estimates and forecasts

CSX Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 13.36 percent over the past six months and at a 5.41% annual growth rate that is well below the industry average of 11.00%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.59%. CSX Corp. earnings are expected to increase by 5.10% in 2024, but the outlook is positive 9.23% per year for the next five years.

CSX Dividends

CSX Corp.’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.30 percent and its annual dividend per share was 0.45. It is important to note, however, that the 1.30% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.