CSX Corp (NASDAQ: CSX) is 5.34% higher on its value in year-to-date trading and has touched a low of $30.12 and a high of $40.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CSX stock was last observed hovering at around $36.00 in the last trading session, with the day’s gains setting it 0.52%.
Currently trading at $36.52, the stock is 6.62% and 6.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.2 million and changing 1.44% at the moment leaves the stock 5.22% off its SMA200. CSX registered 21.05% gain for a year compared to 6-month gain of 5.79%. The firm has a 50-day simple moving average (SMA 50) of $34.147 and a 200-day simple moving average (SMA200) of $34.7039.
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The stock witnessed a 4.46% loss in the last 1 month and extending the period to 3 months gives it a 9.93%, and is 9.47% 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 2.72% over the week and 2.11% over the month.
CSX Corp (CSX) has around 23000 employees, a market worth around $71.30B and $14.68B in sales. Current P/E ratio is 19.63 and Fwd P/E is 17.98. Profit margin for the company is 24.77%. Distance from 52-week low is 21.23% and -8.97% from its 52-week high. The company has generated returns on investments over the last 12 months (11.38%).
The EPS is expected to shrink by -0.08% this year.
CSX Corp (CSX) Top Institutional Holders
2141.0 institutions hold shares in CSX Corp (CSX), with institutional investors hold 79.33% of the company’s shares. The shares outstanding are 1.96B, and float is at 1.93B with Short Float at 1.44%. Institutions hold 79.16% 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).
