CSX Corp. (NASDAQ: CSX) is -2.91% lower on its value in year-to-date trading and has touched a low of $29.03 and a high of $40.12 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 $34.12 in the last trading session, with the day’s loss setting it -0.46%.
Currently trading at $33.66, the stock is -1.91% and -1.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.14 million and changing -1.35% at the moment leaves the stock -3.13% off its SMA200. CSX registered 10.22% gain for a year compared to 6-month gain of -2.77%. The firm has a 50-day simple moving average (SMA 50) of $34.0122 and a 200-day simple moving average (SMA200) of $34.7464.
The stock witnessed a -3.64% loss in the last 1 month and extending the period to 3 months gives it a 0.06%, and is -4.62% 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 2.60% over the week and 2.14% over the month.
CSX Corp. (CSX) has around 23000 employees, a market worth around $64.91B and $14.68B in sales. Current P/E ratio is 18.09 and Fwd P/E is 16.42. Profit margin for the company is 24.77%. Distance from 52-week low is 15.95% and -16.10% from its 52-week high. The company has generated returns on investments over the last 12 months (11.38%).
with sales reaching $3.61B over the same period.The EPS is expected to grow by 0.48% this year, but quarterly earnings will post -0.30% year-over-year. Quarterly sales are estimated to shrink -1.80% in year-over-year returns.
CSX Corp. (CSX) Top Institutional Holders
2128.0 institutions hold shares in CSX Corp. (CSX), with institutional investors hold 78.49% of the company’s shares. The shares outstanding are 1.96B, and float is at 1.93B with Short Float at 1.25%. Institutions hold 78.32% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 175.03 million shares valued at $5.85 billion. The investor’s holdings represent 8.9392% of the CSX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 146.76 million shares valued at $4.91 billion to account for 7.4956 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 83.44 million shares representing 4.2616% and valued at over $2.79 billion, while STATE STREET CORP holds 4.1775 of the shares totaling 81.8 million with a market value of $2.74 billion.
CSX Corp. (CSX) Insider Activity
The most recent transaction is an insider sale by Goldman Nathan D, the company’s EVP & CLO. SEC filings show that Goldman Nathan D sold 244,487 shares of the company’s common stock on Feb 20 ’24 at a price of $36.62 per share for a total of $8.95 million. Following the sale, the insider now owns 0.25 million shares.
CSX Corp. disclosed in a document filed with the SEC on Feb 07 ’24 that Sorfleet Diana B (EVP & CAO) sold a total of 37,087 shares of the company’s common stock. The trade occurred on Feb 07 ’24 and was made at $37.17 per share for $1.38 million. Following the transaction, the insider now directly holds 0.22 million shares of the CSX stock.
Still, SEC filings show that on Feb 06 ’24, Boone Kevin S. (EVP & CCO) disposed off 60,000 shares at an average price of $37.10 for $2.23 million. The insider now directly holds 170,757 shares of CSX Corp. (CSX).
