CSX Corp (NASDAQ: CSX) has reported E.P.S. of $0.46 for its first fiscal quarter (ending March 31) versus $0.48 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.82 versus $2.04 for the same period a year ago.
Recent Price Action
CSX Corp (NASDAQ: CSX) stock declined modestly by -2.0% on 4/17/24. The stock closed at $34.16. Moreover, exceptionally high trading volume at 207% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -5.0% during the last week.
Current PriceTarget Research Rating
CSX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
CSX has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. CSX has a slightly negative Appreciation Score of 33 but a good Power Rating of 85, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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