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NASDAQ:CSX

CSX (CSX) Stock Price, News & Analysis

$33.33
-0.22 (-0.66%)
(As of 09:51 AM ET)
Today's Range
$33.28
$33.53
50-Day Range
$32.18
$34.52
52-Week Range
$29.03
$40.12
Volume
253,185 shs
Average Volume
11.83 million shs
Market Capitalization
$65.16 billion
P/E Ratio
18.31
Dividend Yield
1.44%
Price Target
$37.59

CSX MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
12.0% Upside
$37.59 Price Target
Short Interest
Healthy
1.69% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.32
Upright™ Environmental Score
News Sentiment
1.09mentions of CSX in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.71%
From $1.96 to $2.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Transportation Sector

9th out of 113 stocks

Railroads, Line - Haul Operating Industry

1st out of 3 stocks

CSX stock logo

About CSX Stock (NASDAQ:CSX)

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities. In addition, the company provides intermodal services through a network of approximately 30 terminals transporting manufactured consumer goods in containers; and drayage services, including the pickup and delivery of intermodal shipments. It serves the automotive industry with distribution centers and storage locations, as well as connects non-rail served customers through transferring products, such as plastics and ethanol from rail to trucks. The company operates approximately 20,000 route mile rail network, which serves various population centers in 26 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, as well as owns and leases approximately 3,500 locomotives. It serves production and distribution facilities through track connections. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.

CSX Stock Price History

CSX Stock News Headlines

50-year Wall Street Legend Issues July Stock Warning
July is historically the best month of the year for U.S. stocks. So why are everyone’s favorite tech stocks – including NVDA – stumbling?
50-year Wall Street Legend Issues July Stock Warning
July is historically the best month of the year for U.S. stocks. So why are everyone’s favorite tech stocks – including NVDA – stumbling?
Train derailment in Campbell County
The 3 Best Railroad Stocks to Buy Now: May 2024
See More Headlines
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Company Calendar

Last Earnings
4/17/2024
Ex-Dividend for 6/14 Dividend
5/31/2024
Dividend Payable
6/14/2024
Today
7/05/2024
Next Earnings (Estimated)
7/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Railroads, line - haul operating
Sub-Industry
N/A
Current Symbol
NASDAQ:CSX
Employees
23,000
Year Founded
1827

Price Target and Rating

Average Stock Price Target
$37.59
High Stock Price Target
$44.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+12.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
17 Analysts

Profitability

Net Income
$3.72 billion
Pretax Margin
32.61%

Debt

Sales & Book Value

Annual Sales
$14.63 billion
Cash Flow
$2.68 per share
Book Value
$6.14 per share

Miscellaneous

Outstanding Shares
1,954,927,000
Free Float
1,948,671,000
Market Cap
$65.59 billion
Optionable
Optionable
Beta
1.20

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Should I Buy CSX Stock? CSX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in CSX Co.:

  • CSX Corporation provides rail-based freight transportation services, which are essential for the movement of goods across North America.
  • CSX Corporation focuses on transportation of intermodal containers and trailers, which are in high demand due to the growth of e-commerce.
  • CSX Corporation offers other transportation services like rail-to-truck transfers, providing additional revenue streams.
  • CSX Corporation has been actively investing in technology and infrastructure to improve efficiency and service quality.
  • CSX Corporation's stock price has shown consistent growth over the past year, indicating positive investor sentiment.

Cons

Investors should be bearish about investing in CSX Co. for these reasons:

  • CSX Corporation operates in a highly regulated industry, which can lead to challenges in terms of compliance and operational restrictions.
  • CSX Corporation's business is heavily dependent on economic conditions, making it vulnerable to downturns in the economy.
  • CSX Corporation faces competition from other transportation companies, which could impact market share and profitability.
  • CSX Corporation's operations are subject to risks such as accidents, natural disasters, and labor disputes, which can disrupt business operations.
  • CSX Corporation's financial performance may be impacted by fluctuations in fuel prices and interest rates.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, June 24, 2024. Please send any questions or comments about these CSX pros and cons to contact@marketbeat.com.

CSX Stock Analysis - Frequently Asked Questions

Should I buy or sell CSX stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CSX in the last twelve months. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CSX shares.
View CSX analyst ratings
or view top-rated stocks.

What is CSX's stock price target for 2024?

17 brokerages have issued twelve-month price objectives for CSX's stock. Their CSX share price targets range from $25.00 to $44.00. On average, they anticipate the company's stock price to reach $37.59 in the next year. This suggests a possible upside of 12.0% from the stock's current price.
View analysts price targets for CSX
or view top-rated stocks among Wall Street analysts.

How have CSX shares performed in 2024?

CSX's stock was trading at $34.67 at the start of the year. Since then, CSX shares have decreased by 3.2% and is now trading at $33.55.
View the best growth stocks for 2024 here
.

Are investors shorting CSX?

CSX saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 33,080,000 shares, an increase of 7.4% from the May 31st total of 30,810,000 shares. Based on an average trading volume of 12,020,000 shares, the days-to-cover ratio is presently 2.8 days.
View CSX's Short Interest
.

When is CSX's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our CSX earnings forecast
.

How were CSX's earnings last quarter?

CSX Co. (NASDAQ:CSX) posted its quarterly earnings data on Wednesday, April, 17th. The transportation company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The transportation company earned $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. CSX had a trailing twelve-month return on equity of 29.58% and a net margin of 24.75%. CSX's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS.
Read the conference call transcript
.

How often does CSX pay dividends? What is the dividend yield for CSX?

CSX announced a quarterly dividend on Wednesday, May 8th. Shareholders of record on Friday, May 31st will be given a dividend of $0.12 per share on Friday, June 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, May 31st.
Read our dividend analysis for CSX
.

Is CSX a good dividend stock?

CSX (NASDAQ:CSX) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.43%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 26.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CSX will have a dividend payout ratio of 22.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CSX.

When did CSX's stock split?

CSX shares split on the morning of Tuesday, June 29th 2021. The 3-1 split was announced on Friday, June 4th 2021. The newly created shares were payable to shareholders after the market closes on Monday, June 28th 2021. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

What is Jim Foote's approval rating as CSX's CEO?

271 employees have rated CSX Chief Executive Officer Jim Foote on Glassdoor.com. Jim Foote has an approval rating of 12% among the company's employees. This puts Jim Foote in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 35.0% of employees surveyed would recommend working at CSX to a friend.

What other stocks do shareholders of CSX own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CSX investors own include Intel (INTC), Cisco Systems (CSCO), Johnson & Johnson (JNJ), AT&T (T), Home Depot (HD), Walt Disney (DIS), Pfizer (PFE), Procter & Gamble (PG), Verizon Communications (VZ) and NVIDIA (NVDA).

Who are CSX's major shareholders?

CSX's stock is owned by a number of institutional and retail investors. Top institutional investors include Hudson Valley Investment Advisors Inc. ADV (0.01%), Beese Fulmer Investment Management Inc. (0.00%), Cullen Investment Group LTD. (0.00%), Transcend Capital Advisors LLC (0.00%), First Hawaiian Bank (0.00%) and Massmutual Trust Co. FSB ADV (0.00%). Insiders that own company stock include Angela C Williams, John J Zillmer, Mark Kenneth Wallace, Nathan D Goldman and Nathan D Goldman.
View institutional ownership trends
.

How do I buy shares of CSX?

Shares of CSX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CSX) was last updated on 7/5/2024 by MarketBeat.com Staff

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