How To Invest In CSX Corporation (NASDAQ: CSX) Stock. Performance & Trends

In the last trading session, 9.75 million shares of the CSX Corporation (NASDAQ:CSX) were traded, and its beta was 1.18. Most recently the company’s share price was $32.71, and it changed around $0.53 or 1.65% from the last close, which brings the market valuation of the company to $72.55B. CSX currently trades at a discount to its 52-week high of $34.96, offering almost -6.88% off that amount. The share price’s 52-week low was $25.13, which indicates that the current value has risen by an impressive 23.17% since then. We note from CSX Corporation’s average daily trading volume that its 10-day average is 14.1 million shares, with the 3-month average coming to 10.66 million.

CSX Corporation stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.10. If we narrow it down even further, the data shows that 1 out of 28 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 7 recommended CSX as a Hold, whereas 13 deemed it a Buy, and 1 rated it as Underweight. CSX Corporation is expected to report earnings per share of $0.4 for the current quarter.

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Instantly CSX has showed a green trend with a performance of 1.65% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 32.85 on Friday, 10/08/21 increased the stock’s daily price by 0.43%. The company’s shares are currently up 8.13% year-to-date, but still up 7.81% over the last five days. On the other hand, CSX Corporation (NASDAQ:CSX) is 4.34% up in the 30-day period. We can see from the shorts that 18.26 million shares have been sold at a short interest cover period of 2.34 day(s).

The consensus price target as assigned by Wall Street analysts is $35.76, which translates to bulls needing to increase their stock price by 8.53% from its current value. Analyst projections state that CSX is forecast to be at a low of $21.00 and a high of $40.00. In order for the stock price to hit the forecast high, the stock would need to plunge -22.29% from its current level, while the stock would need to crash 35.8% from its current level to reach the projected low.

CSX Corporation (CSX) estimates and forecasts

CSX Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -0.49 percent over the past six months and at a 22.13% annual growth rate that is well below the industry average of 30.20%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 25.00% in revenue this quarter, and will report an increase of 14.30% in the next quarter. The year-over-year growth rate is expected to be 14.70%, up from the previous year.

Consensus estimates provided by 19 financial analysts predict the company will bring in an average of $3.14 billion in revenue for the current quarter. 19 analysts expect CSX Corporation to make $3.19 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $2.65 billion and $2.83 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.50%. Forecasts for the next quarter put sales growth at 13.00%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 12.50%. CSX Corporation earnings are expected to increase by -13.70% in 2021, but the outlook is positive 14.87% per year for the next five years.

CSX Dividends

CSX Corporation’s next quarterly earnings report is expected to be released around October 19 and October 25. The annual dividend yield of the stock is 1.13 percent and its annual dividend per share was 0.37. It is important to note, however, that the 1.13% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.38 per year.

CSX Corporation (NASDAQ:CSX)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.12% of CSX Corporation shares, and 74.87% of them are in the hands of institutional investors. The stock currently has a share float of 74.96%. CSX Corporation stock is held by 1,784 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Jun 29, 2021, it held 8.26% of the shares, which is about 186.29 million shares worth $5.98 billion.

Capital World Investors, with 8.11% or 182.87 million shares worth $5.87 billion as of Jun 29, 2021, holds the second largest percentage of outstanding shares.

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Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 29, 2021. The former held 78.82 million shares worth $2.53 billion, making up 3.50% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 64.17 million shares worth around $2.06 billion, which represents about 2.85% of the total shares outstanding.