CSX Corporation [NASDAQ: CSX] The price dropped by -0.23 percent to $-0.07. The company reported on November 10, 2022 that Stephens CSX executive vice president of sales and marketing to address the annual investment conference.
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The address will be broadcast live via webcast at http://investors.csx.com. A replay will be available following the conclusion of this event. This announcement, as well as additional financial information, is available on the company’s website at http://investors.csx.com.
15351477 shares were traded in the recent session against the average daily volume of 16.59M shares. Shares of CSX Corporation reached a high of $31.24 and fell as low as $30.515 until ending the latest session at $30.88.
The one-year CSX stock forecast points to a potential upside of 5.54. The average equity rating for CSX stock currently stands at 2.20, which is trading close to a bullish pattern in the stock market.
Guru’s Opinion on CSX Corporation [CSX],
Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on a target price for CSX shares is $32.69 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on CSX stock is a recommendation at 2.20. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.
Susquehanna has an outlook for shares of CSX Corporation on September 28, 2022, keeping its view on the stock as Neutral, in line with its previous recommendation. While these analysts kept their previous recommendation, UBS cut their target price to $31 from $38. The new note on the price target was issued on September 27, 2022, which represents the official price target for CSX Corporation stock. Previously, the target price was once again increased to $32, while analysts at Bernstein maintained a Mkt Perform rating on the CSX stock.
The Average True Range (ATR) for CSX Corporation is set at 0.89, The Price to Sales ratio for CSX stock over the trailing 12 months period is 4.47. The Price to Book ratio for the previous quarter was 5.09, the Price to Cash per share for the same quarter was set at 1.14. Free Cash Flow for CSX over the trailing twelve months was 24.32, with a quick ratio of 1.60 for the last quarter.
CSX Stock Performance Analysis:
CSX Corporation [CSX] It fell into the red zone at the end of last week, fell into a negative trend and fell -3.32. With this latest performance, shares of CSX are up 14.03% over the past four-week period, as well as down -0.19% over the past 6 months — not to mention down 14.72% over the past year of trading. .
Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for the past two-week period for CSX stock is set at 59.70, with the RSI for the last one trading hit 59.87, and the three-week RSI for CSX Corporation is set at 57.46. [CSX], The current moving average of this stock for last 50 days of trade is 28.90, while it was recorded at 31.24 for last one week and 31.97 for last 200 days.
Insight into the fundamentals of CSX Corporation:
The operating margin for any stock indicates how profitable an investment will be, and the CSX Corporation [CSX] The shares currently has an operating margin of +41.20 and gross margin at +42.24. The Net Margin of CSX Corporation is currently recorded at +30.19.
The Return on Equity for this stock is tilted at 28.44, with the Return on Assets sitting at 9.29.
CSX Corporation’s liquidity data is equally compelling, with a quick ratio of 1.60 and a current ratio set at 1.70.
CSX Stock EPS
The company’s progress can be viewed through the prism of EPS growth rates, while Wall Street analysts are focusing on predicting 5-year EPS growth rates for CSX. When it comes to quoted price, analysts expect to see a 5-year EPS growth rate of 11.27% for CSX Corporation.
CSX Corporation [CSX] internal status statement
Institutional investors currently hold approximately $48,287 million or 76.10% of CSX stock in their hands. The top three institutional holders of CSX stock are: Vanguard Group Inc. with ownership of $184,938,921, which accounts for approximately -0.24% of the company’s market cap and approximately 0.23% of total institutional ownership; BlackRock Inc., which holds 137,888,716 shares of stock in CSX stock shares with an estimated value of $4.26 billion; and Capital World Investors, with $3.04 billion in CSX stock currently holding approximately -10.134% of the company’s market capitalization.
642 institutional holders increased their positions in CSX Corporation [NASDAQ:CSX] By approximately 83,445,819 shares. Additionally, 628 investors reduced positions by approximately 117,247,501 shares, while 302 investors maintained positions by 1,362,997,562 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 1,563,690,882 shares. There were 85 new institutional investments in CSX stock for a total of 5,437,386 shares, while 118 institutional investors sold 7,472,110 shares during the same period.