Now Is A Suitable Moment For A Long-Term Purchase Of CSX Corp. (NASDAQ: CSX)

Currently, there are 2.07B common shares owned by the public and among those 1.97B shares have been available to trade.

Insiders at the company have transacted a total of 25 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 274,346 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 103,369 shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The company’s stock has a 5-day price change of 0.38% and 22.21% over the past three months. CSX shares are trading 6.35% year to date (YTD), with the 12-month market performance up to 18.44% higher. It has a 12-month low price of $27.60 and touched a high of $37.37 over the same period. CSX has an average intraday trading volume of 0.98 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.56%, 6.41%, and 14.03% respectively.

Institutional ownership of CSX Corp. (NASDAQ: CSX) shares accounts for 75.20% of the company’s 2.07B shares outstanding.

It has a market capitalization of $72.86B and a beta (3y monthly) value of 1.18. The stock’s trailing 12-month PE ratio is 19.99, while the earnings-per-share (ttm) stands at $1.84. The company has a PEG of 2.03 and a Quick Ratio of 1.00 with the debt-to-equity ratio at 1.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.25% over the week and 1.61% over the month.

Analysts forecast that CSX Corp. (CSX) will achieve an EPS of $0.45 for the current quarter, $0.5 for the next quarter and $2.19 for 2025. The lowest estimate earnings-per-share for the quarter is $0.42 while analysts give the company a high EPS estimate of $0.47. Comparatively, EPS for the current quarter was $0.48 a year ago. Earnings per share for the fiscal year are expected to increase by 6.90%, and 11.17% over the next financial year. EPS should grow at an annualized rate of 9.83% over the next five years, compared to 7.59% over the past 5-year period.

Looking at the support for the CSX, a number of firms have released research notes about the stock. TD Cowen stated their Market Perform rating for the stock in a research note on January 25, 2024, with the firm’s price target at $32-$36.

Most Popular

Related Posts