In last trading session, CSX Corp. (NASDAQ:CSX) saw 20.67 million shares changing hands with its beta currently measuring 1.19. Company’s recent per share price level of $34.12 trading at $1.03 or 3.11% at ring of the bell on the day assigns it a market valuation of $66.15B. That closing price of CSX’s stock is at a discount of -17.58% from its 52-week high price of $40.12 and is indicating a premium of 14.92% from its 52-week low price of $29.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.14 million shares which gives us an average trading volume of 11.04 million if we extend that period to 3-months.
For CSX Corp. (CSX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.83. Splitting up the data highlights that, out of 23 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 16 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.44 in the current quarter.
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CSX Corp. (NASDAQ:CSX) trade information
Upright in the green during last session for gaining 3.11%, in the last five days CSX remained trading in the red while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $34.12 price level, adding 5.72% to its value on the day. CSX Corp.’s shares saw a change of -1.59% in year-to-date performance and have moved -2.40% in past 5-day. CSX Corp. (NASDAQ:CSX) showed a performance of -1.95% in past 30-days. Number of shares sold short was 24.05 million shares which calculate 2.19 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 38 to the stock, which implies a rise of 10.21% to its current value. Analysts have been projecting 24 as a low price target for the stock while placing it at a high target of 44. It follows that stock’s current price would jump 29.66% in reaching the projected high whereas dropping to the targeted low would mean a gain of 29.66% for stock’s current value.
CSX Corp. (CSX) estimates and forecasts
Statistics highlight that CSX Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -0.64% of value to its shares in past 6 months, showing an annual growth rate of 2.16% while that of industry is 0.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 0.10% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.62B for the same. And 11 analysts are in estimates of company making revenue of 3.69B in the next quarter. Company posted 3.68B and 3.66B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.59% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 0.48% while estimates for its earnings growth in next 5 years are of 9.00%.
CSX Dividends
CSX Corp. is more likely to be releasing its next quarterly report on 2025-Jan-22 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.38%, the share has a forward dividend of 0.47 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.27%.
CSX Corp. (NASDAQ:CSX)’s Major holders
Insiders are in possession of 0.22% of company’s total shares while institution are holding 77.91 percent of that, with stock having share float percentage of 78.08%. Investors also watch the number of corporate investors in a company very closely, which is 77.91% institutions for CSX Corp. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CSX for having 175.03 million shares of worth $5.85 billion. And as of 2024-06-30, it was holding 8.9392 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 146.76 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.4956 of outstanding shares, having a total worth of $4.91 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 61.82 shares of worth $2.11 billion or 3.16% of the total outstanding shares. The later fund manager was in possession of 50.17 shares on Jun 30, 2024 , making its stake of worth around $1.71 billion in the company or a holder of 2.57% of company’s stock.
