CSX Corp (NASDAQ: CSX) is -0.40% lower on its value in year-to-date trading and has touched a low of $31.43 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 $31.89 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $32.14, the stock is -0.42% and -5.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.77 million and changing 0.78% at the moment leaves the stock -5.47% off its SMA200. CSX registered -7.03% loss for a year compared to 6-month loss of -7.11%. The firm has a 50-day simple moving average (SMA 50) of $34.0698 and a 200-day simple moving average (SMA200) of $34.02455.
The stock witnessed a -4.37% gain in the last 1 month and extending the period to 3 months gives it a -8.07%, and is 0.44% 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 1.27% over the week and 1.57% over the month.
CSX Corp (CSX) has around 23000 employees, a market worth around $61.98B and $14.68B in sales. Current P/E ratio is 17.28 and Fwd P/E is 16.27. Profit margin for the company is 24.77%. Distance from 52-week low is 2.26% and -19.89% from its 52-week high. The company has generated returns on investments over the last 12 months (11.38%).
with sales reaching $3.57B over the same period.The EPS is expected to shrink by -0.85% this year, but quarterly earnings will post -0.48% year-over-year. Quarterly sales are estimated to shrink -2.93% in year-over-year returns.
CSX Corp (CSX) Top Institutional Holders
2153.0 institutions hold shares in CSX Corp (CSX), with institutional investors hold 78.58% of the company’s shares. The shares outstanding are 1.93B, and float is at 1.93B with Short Float at 1.74%. Institutions hold 78.40% 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 4.2923% 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 118,588 shares of the company’s common stock on Nov 18 ’24 at a price of $35.39 per share for a total of $4.2 million. Following the sale, the insider now owns 0.2 million shares.
Still, SEC filings show that on Feb 20 ’24, Goldman Nathan D (EVP & CLO) disposed off 244,487 shares at an average price of $36.62 for $8.95 million. The insider now directly holds 251,579 shares of CSX Corp (CSX).
