CSX Corporation Monthly Report
Publication Date: September 22, 2024
Company Overview
CSX Corporation, headquartered in Jacksonville, Florida, is a leading provider of rail-based freight transportation services in the United States. Established in 1978, the company operates an expansive rail network spanning approximately 20,000 route miles that covers 26 states east of the Mississippi River and extends into parts of Canada. CSX serves a wide variety of industries, including but not limited to chemicals, agricultural products, automotive goods, and coal. With a total revenue of approximately $14.63 billion, CSX demonstrates a strong financial foundation, positioning itself advantageously within the Rail Transportation industry and the broader Industrials sector.
Investment Analysis
Market analysis regarding CSX has culminated in a strong “buy” recommendation, reflecting a positive outlook on the company’s future growth. With the stock currently trading at $34.93 and a target high price forecasted at $43.00, there is significant upside potential for investors. This positive perspective is backed by a target mean price of $38.81 and a median target of $39.56, suggesting that analysts maintain an optimistic view on the asset’s performance. Additionally, the low short interest of just 1.27% indicates that market sentiment remains stable, with few investors betting against CSX’s stock performance.
Stock Performance Metrics
CSX’s stock performance has exhibited some volatility, with a fifty-two-week high of $40.12 and a low of $29.03. Currently, the stock is slightly above its fifty-day moving average of $34.01, suggesting potential for a positive short-term trend. The recommendation key from analysts categorizes CSX as a “buy,” with a consensus score of 2.1 based on 23 expert opinions. While exact EBITDA figures remain unavailable, the overall financial performance and favorable analyst projections reflect a bullish sentiment towards CSX Corporation’s value trajectory in the rail industry, underlining its appeal to potential investors.
| Metric | Value |
|---|---|
| Market Cap | $67.7b |
| Total Debt | $19.1b |
| Total Cash | $1.2b |
| Shares Outstanding | 1.9b |
| Float Shares | 1.9b |
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