In the latest trading session, 1.18 million CSX Corp (NASDAQ:CSX) shares changed hands as the company’s beta touched 1.20. With the company’s most recent per share price at $35.73 changed hands at -$0.27 or -0.75% at last look, the market valuation stands at $68.90B. CSX’s current price is a discount, trading about -12.29% off its 52-week high of $40.12. The share price had its 52-week low at $31.74, which suggests the last value was 11.17% up since then. When we look at CSX Corp’s average trading volume, we note the 10-day average is 9.83 million shares, with the 3-month average coming to 11.64 million.
Analysts gave the CSX Corp (CSX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.86. If we narrow down to specifics, the data shows that 1 out of 23 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended CSX as a Hold, 16 felt it is a Buy and 0 rated the stock as Underweight. CSX Corp’s EPS for the current quarter is expected to be 0.44.
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CSX Corp (NASDAQ:CSX) trade information
Instantly CSX was in red as seen in intraday trades today. With action -2.62%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 3.06%, with the 5-day performance at -2.62% in the red. However, in the 30-day time frame, CSX Corp (NASDAQ:CSX) is 7.10% up. Looking at the short shares, we see there were 23.81 million shares sold at short interest cover period of 1.7 days.
The consensus price target for the stock as assigned by Wall Street analysts is 38.5, meaning bulls need an upside of 7.19% from its recent market value. According to analyst projections, CSX’s forecast low is 34 with 42 as the target high. To hit the forecast high, the stock’s price needs a -17.55% plunge from its current level, while the stock would need to tank 4.84% for it to hit the projected low.
CSX Corp (CSX) estimates and forecasts
Data shows that the CSX Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 8.11% over the past 6 months, a -0.54% in annual growth rate that is considerably lower than the industry average of -0.50%. Year-over-year growth is forecast to reach -0.25% down from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 3.61B. 11 analysts are of the opinion that CSX Corp’s revenue for the current quarter will be 3.69B. The company’s revenue for the corresponding quarters a year ago was 3.68B and 3.68B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.82%. The estimates for the next quarter sales put growth at 0.23%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.59%. The 2024 estimates are for CSX Corp earnings to decrease by -0.08%, but the outlook for the next 5-year period is at 7.91% per year.
CSX Dividends
CSX Corp is expected to release its next quarterly earnings report in January. The 1.34% annual yield figure for the share gives it an annual dividend of 0.48. It is important to note, however, that the 1.34% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.27 per year.
CSX Corp (NASDAQ:CSX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.22% of CSX Corp shares while 78.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.46%. There are 78.29% institutions holding the CSX Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.9392% of the shares, roughly 175.03 million CSX shares worth $5.85 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.4956% or 146.76 million shares worth $4.91 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 61.82 shares estimated at $2.21 billion under it, the former controlled 3.21% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.63% of the shares, roughly 50.78 shares worth around $1.81 billion.
