CSX Corp. (NASDAQ:CSX) shares, rose in value, with the stock price up by 0.50% to the previous day’s close as strong demand from buyers drove the stock to $36.30.
Actively observing the price movement in the last trading, the stock closed the session at $36.12. The value of beta (5-year monthly) was 1.17 whereas the PE ratio was 19.68 over 12-month period. Referring to stock’s 52-week performance, its high was $40.12, and the low was $29.03. On the whole, CSX has fluctuated by -4.70% over the past month.
With the market capitalization of CSX Corp. currently standing at about $71.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 17, 2024. The company’s Forward Dividend Ratio is 0.45, with its dividend yield at 1.24%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.45, which is expected to increase to $0.53 for fiscal year $1.97 and then to about $2.19 by fiscal year 2025. Data indicates that the EPS growth is expected to be 6.50% in 2025, while the next year’s EPS growth is forecast to be 11.20%.
Analysts have estimated the company’s revenue for the quarter at $3.67 billion, with a low estimate of $3.58 billion and a high estimate of $3.73 billion. According to the average forecast, sales growth in current quarter could jump up 2.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $15.04 billion, representing an increase of 2.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CSX’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.00, with the price of CSX currently trading nearly -2.36% and -2.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.96, while the 7-day volatility ratio is showing 1.48% which for the 30-day chart, stands at 1.61%. Furthermore, CSX Corp. (CSX)’s beta value is 1.17, and its average true range (ATR) is 0.60.
A comparison of CSX Corp. (CSX) with its peers suggests the former has fared considerably weaker in the market. CSX showed an intraday change of 0.50% in last session, and over the past year, it grew by 23.01%%.
Data on historical trading for CSX Corp. (NASDAQ:CSX) indicates that the trading volumes over the past 10 days have averaged 10.72 million and over the past 3 months, they’ve averaged 11.72 million. According to company’s latest data on outstanding shares, there are 1.96 billion shares outstanding.
Nearly 0.24% of CSX Corp.’s shares belong to company insiders and institutional investors own 75.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.39 million shares as on Mar 15, 2024, resulting in a short ratio of 1.96. According to the data, the short interest in CSX Corp. (CSX) stood at 1.19% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 20.75 million. The stock has risen by 4.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CSX stock heading into the next quarter.
