CSX Corporation [CSX] shares are up more than 8.89% this year and recently increased 0.04% or $2.91 to settle at $81.63. Analysts expect CSX to grow earnings at a 3.81% annual rate over the next 5 years. CSX has a short ratio of 2.13. This implies that the market is currently less bullish on the outlook for CSX.

On 21, October 2020, CSX Corp. Announces Third Quarter 2020 Financial Results, Authorizes Additional $5 Billion Share Buyback. According to news published on Yahoo Finance, CSX Corp. (NASDAQ: CSX) today announced third quarter 2020 net earnings of $736 million, or $0.96 per share, versus $856 million, or $1.08 per share in the same period last year. Despite lower economic activity resulting from the COVID-19 pandemic, CSX’s operating ratio of 56.9 percent remained in line with the prior year’s record results.

Analyst Birdseye View:

The most recent analyst activity for CSX Corporation [NASDAQ:CSX] stock was on October 13, 2020, when it was Upgrade with an Outperform rating from Bernstein, which also raised its 12-month price target on the stock to $94. Before that, on October 22, 2020, Cowen Recapitulated a Market perform rating and elevated its amount target to $84. On October 02, 2020, Evercore ISI Upgrade an Outperform rating and boosted its price target on this stock to $90. On September 25, 2020, The Benchmark Company Upgrade a Buy rating and increased its price target to $95. On September 23, 2020, Atlantic Equities Upgrade an Overweight rating and increased its price target to $92. On August 31, 2020, Stephens Upgrade an Overweight rating and boosted its amount target on this stock to $93. On May 20, 2020, UBS Upgrade a Buy rating and boosted its target amount on this stock from $63 to $80. On April 08, 2020 Goldman Upgrade a Buy rating and elevated its amount target to $75.

In the past 52 weeks of trading, this stock has oscillated between a low of $46.81 and a peak of $81.40. Right now, the middling Wall Street analyst 12-month amount mark is $89.00. At the most recent market close, shares of CSX Corporation [NASDAQ:CSX] were valued at $81.63. According to the average price forecast, investors can expect a potential return of 3.42%.

FUNDAMENTAL ANALYSIS

CSX Corporation [NASDAQ:CSX] most recently reported quarterly sales of 2.25 billion, which represented growth of -26.30%. This publicly-traded organization’s revenue is $568,429 per employee, while its income is $158,619 per employee. This company’s Gross Margin is currently 77.80%, its Operating Margin is 40.50%, its Pretax Margin is +36.16, and its Net Margin is +27.90. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 8.72, 27.29, 16.95 and 11.97 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 58.63 and the whole liability to whole assets at 43.18. It shows enduring liability to the whole principal at 57.57 and enduring liability to assets at 0.42 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 78.21 points at 1st support level, the second support level is making up to 77.69. But as of 1st resistance point, this stock is sitting at 79.66 and at 80.59 for 2nd resistance point.

CSX Corporation [CSX] reported its earnings at $0.65 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.64/share signifying the difference of 0.01 and 1.60% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $1 calling estimates for $0.94/share with the difference of 0.06 depicting the surprise of 6.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for CSX Corporation [NASDAQ:CSX] is 1.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.91. Now if looking for a valuation of this stock’s amount to sales ratio it’s 4.84, it’s amount to book ratio is 4.72 and showing 21.16 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Goldman Nathan D, EVP & CLO, and it was the sale of 25000.0 shares on Aug 11. Sorfleet Diana B, the EVP & CAO, completed a sale of 36836.0 shares on Aug 11. On Jul 24, ZILLMER JOHN J, Director, completed a sale of 20500.0 shares.