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CSX Corporation (CSX) Stock Could Soon Reward Patient Investors

CSX Corporation (NASDAQ: CSX) is -5.55% lower on its value in year-to-date trading and has touched a low of $25.80 and a high of $38.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CSX stock was last observed hovering at around $29.06 in the last trading session, with the day’s gains setting it 0.2%.

Currently trading at $29.26, the stock is -4.44% and -6.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.37 million and changing 0.69% at the moment leaves the stock -4.74% off its SMA200. CSX registered -15.65% loss for a year compared to 6-month loss of -10.90%.

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The stock witnessed a -7.32% gain in the last 1 month and extending the period to 3 months gives it a -6.87%, and is -1.45% down 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 2.91% over the week and 2.50% over the month.

CSX Corporation (CSX) has around 22500 employees, a market worth around $60.90B and $14.85B in sales. Current P/E ratio is 15.02 and Fwd P/E is 14.41. Profit margin for the company is 28.00%. Distance from 52-week low is 13.41% and -23.34% from its 52-week high. The company has generated returns on investments over the last 12 months (15.60%).

CSX Corporation (CSX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for CSX Corporation (CSX) is a “Overweight”. 29 analysts offering their recommendations for the stock have an average rating of 2.20, where 9 rate it as a Hold and 5 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.

The EPS is expected to grow by 16.00% this year.

CSX Corporation (CSX) Top Institutional Holders

The shares outstanding are 2.08B, and float is at 2.05B with Short Float at 1.06%.

CSX Corporation (CSX) Insider Activity

A total of 24 insider transactions have happened at CSX Corporation (CSX) in the last six months, with sales accounting for 6 and purchases happening 18 times. The most recent transaction is an insider sale by ZILLMER JOHN J,the company’sDirector. SEC filings show that ZILLMER JOHN J sold 16,000 shares of the company’s common stock on Jun 06 at a price of $32.25 per share for a total of $0.52 million. Following the sale, the insider now owns 0.32 million shares.

CSX Corporation (CSX): Who are the competitors?

The company’s main competitors (and peers) include Union Pacific Corporation (UNP) that is trading -25.38% down over the past 12 months. Norfolk Southern Corporation (NSC) is -22.17% down on the 1-year trading charts.

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