CSX stock has undergone multiple analysts rating changes in the recent past. CSX stock Target Raised by TD Securities on 10/21/2021. In a note to investors, the firm issued a new target price of $41.00. The analysts previously had $39.00 target price. TD Securities’s price target would indicate a potential upside of 16.94% from the stock’s previous close.
Shares of CSX traded up $0.55 on Thursday, reaching $35.01. 21688808 shares of the stock traded hands, compared to its average volume of 12261780. On Thursday, Shares of CSX closed at $35.01. The firm’s 50 day moving average is $32.19 and its 200 day moving average is $31.96.CSX has a 12 month low of $25.13 and a 12 month high of $35.89. While on yearly highs and lows, CSX today has traded high as $35.89 and has touched $34.96 on the downward trend.
CSX Earnings and What to expect:
CSX last released its quarterly earnings results on October 19th, 2021. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The company earned $3.29 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Its revenue for the quarter was up 24.3% on a year-over-year basis. CSX has generated $1.22 earnings per share over the last year ($1.48 diluted earnings per share) and currently has a price-to-earnings ratio of 23.7. Earnings for CSX are expected to grow by 11.92% in the coming year, from $1.51 to $1.69 per share. CSX has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, January 20th, 2022 based off prior year’s report dates.
Earnings for CSX are expected to grow by 11.92% in the coming year, from $1.51 to $1.69 per share. The P/E ratio of CSX is 23.66, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.22. The P/E ratio of CSX is 23.66, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 45.66. CSX has a PEG Ratio of 1.80. PEG Ratios above 1 indicate that a company could be overvalued. CSX has a P/B Ratio of 6.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
CSX (NASDAQ:CSX) Moving Average Technical Analysis
5 day Moving Average is $$34.39 And 5 day price change is $1.58 (4.73%) with average volume for 5 day average is 15,509,200. While technical analysis for average 20 days shows significant difference, 20 day moving average is $32.19 and 20 day price change is $4.80 (15.89%) and average 20 day moving volume is 12,826,104. 50 day moving average is $32.19 and 50 day price change is $1.03 ( 3.03%) and with average volume for 50 days is : 11,044,208. 200 day moving average is $31.96 and 200 day price change is $4.39 (14.34%) and with average volume for 200 days is : 11,192,407.
Other owners latest trading in CSX :
- On 10/21/2021 shares held by Hanson & Doremus Investment Management were 4,584 which equates to market value of $0.14M and appx 0.00% owners of CSX
- On 10/21/2021 shares held by Cascade Investment Advisors Inc. were 40,511 which equates to market value of $1.21M and appx 0.80% owners of CSX
- On 10/21/2021 shares held by Boenning & Scattergood Inc. were 54,713 which equates to market value of $1.63M and appx 0.30% owners of CSX
- In total Institutional ownership equates to Institutional Ownership Percentage: 71.79% for CSX
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