CSX Corporation (NASDAQ: CSX) is 25.41% higher on its value in year-to-date trading and has touched a low of $46.81 and a high of $93.71 in the current 52-week trading range. The CSX stock was last observed hovering at around $90.33 in the last trading session, with the day’s gains setting it 0.42% off its average median price target of $95.00 for the next 12 months. It is also 13.57% off the consensus price target high of $105.00 offered by 26 analysts, but current levels are -51.25% lower than the price target low of $60.00 for the same period.
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Currently trading at $90.75, the stock is 0.42% and 3.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.98 million and changing 0.46% at the moment leaves the stock 21.91% off its SMA200. CSX registered 23.99% gain for a year compared to 6-month gain of 31.79%. The firm has a 50-day simple moving average (SMA 50) of $90.86 and a 200-day simple moving average (SMA200) of $79.26.
The stock witnessed a 0.14% loss in the last 1 month and extending the period to 3 months gives it a 18.07%, and is 1.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.51% over the week and 1.61% over the month.
CSX Corporation (CSX) has around 19000 employees, a market worth around $69.08B and $10.64B in sales. Current P/E ratio is 25.22 and Fwd P/E is 20.93. Profit margin for the company is 26.10%. Distance from 52-week low is 93.87% and -3.15% from its 52-week high. The company has generated returns on investments over the last 12 months (14.20%).
CSX Corporation (CSX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for CSX Corporation (CSX) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 2.10, where 7 rate it as a Hold and 3 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
CSX Corporation is expected to release its quarterly report on 04/20/2021 and quarterly earnings per share for the current quarter are estimated at $0.99 with sales reaching $2.76B over the same period.The EPS is expected to grow by 8.60% this year, but quarterly earnings will post -11.90% year-over-year. Quarterly sales are estimated to shrink -4.50% in year-over-year returns.
CSX Corporation (CSX) Top Institutional Holders
1,580 institutions hold shares in CSX Corporation (CSX), with 856.55k shares held by insiders accounting for 0.11% while institutional investors hold 76.74% of the company’s shares. The shares outstanding are 765.00M, and float is at 763.92M with Short Float at 1.19%. Institutions hold 76.66% of the Float.
The top institutional shareholder in the company is Capital World Investors with over 68.01 million shares valued at $5.28 billion. The investor’s holdings represent 8.89% of the CSX Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 62.94 million shares valued at $4.89 billion to account for 8.23% of the shares outstanding. The other top investors are Capital Research Global Investors which holds 51.8 million shares representing 6.77% and valued at over $4.02 billion, while Blackrock Inc. holds 6.45% of the shares totaling 49.32 million with a market value of $3.83 billion.
CSX Corporation (CSX) Insider Activity
The most recent transaction is an insider sale by Wallace Mark Kenneth, the company’s EVP – Sales & Marketing. SEC filings show that Wallace Mark Kenneth sold 3,986 shares of the company’s common stock on Nov 05 at a price of $87.57 per share for a total of $0.35 million. Following the sale, the insider now owns 54607.0 shares.
CSX Corporation disclosed in a document filed with the SEC on Nov 05 that Goldman Nathan D (EVP & CLO) sold a total of 12,000 shares of the company’s common stock. The trade occurred on Nov 05 and was made at $87.23 per share for $1.05 million. Following the transaction, the insider now directly holds 63174.0 shares of the CSX stock.
Still, SEC filings show that on Aug 11, Sorfleet Diana B (EVP & CAO) disposed off 36,836 shares at an average price of $75.30 for $2.77 million. The insider now directly holds 24,323 shares of CSX Corporation (CSX).
CSX Corporation (CSX): Who are the competitors?
The company’s main competitors (and peers) include Kansas City Southern (KSU) that is trading 31.32% up over the past 12 months. Canadian Pacific Railway Limited (CP) is 34.24% up on the 1-year trading charts. Short interest in the company’s stock has risen 22.34% from the last report on Nov 12, 2020 to stand at a total of 7.09 million short shares sold with a short interest ratio of 2.4.