CSX logged a -0.5% change during today's morning session, and is now trading at a price of $35.22 per share.
Over the last year, CSX logged a -0.7% change, with its stock price reaching a high of $37.25 and a low of $26.22. Over the same period, the stock underperformed the S&P 500 index by -15.8%. AThe company's 50-day average price was $34.8. CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services in the United States and Canada. Based in Jacksonville, FL, the Large-Cap Industrials company has 23,200 full time employees. CSX has offered a 1.4% dividend yield over the last 12 months.
EPS Trend Sustained Primarily by Reducing the Number of Shares Outstanding:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $11,937 | $10,583 | $12,522 | $14,853 | $14,657 | $14,540 |
| Operating Margins | 42% | 41% | 45% | 40% | 38% | 36% |
| Net Margins | 28% | 26% | 30% | 28% | 25% | 24% |
| Net Income (M) | $3,331 | $2,765 | $3,781 | $4,114 | $3,668 | $3,470 |
| Net Interest Expense (M) | -$737 | -$754 | -$722 | -$742 | -$809 | $85 |
| Depreciation & Amort. (M) | $1,349 | $1,400 | $1,400 | $1,502 | $1,607 | $1,658 |
| Diluted Shares (M) | 2,395 | 2,305 | 2,255 | 2,141 | 2,013 | 1,943 |
| Earnings Per Share | $1.39 | $1.2 | $1.68 | $1.92 | $1.82 | $1.79 |
| EPS Growth | n/a | -13.67% | 40.0% | 14.29% | -5.21% | -1.65% |
| Avg. Price | $22.77 | $23.84 | $31.91 | $33.23 | $34.67 | $35.39 |
| P/E Ratio | 16.74 | 20.03 | 19.34 | 17.68 | 19.48 | 19.99 |
| Free Cash Flow (M) | $3,193 | $2,637 | $3,308 | $3,413 | $3,257 | $2,718 |
| CAPEX (M) | $1,657 | $1,626 | $1,791 | $2,113 | $2,257 | $2,529 |
| EV / EBITDA | 11.24 | 11.96 | 12.46 | 11.93 | 12.48 | 12.59 |
| Total Debt (M) | $16,238 | $16,705 | $16,366 | $18,047 | $18,533 | $18,503 |
| Net Debt / EBITDA | 2.42 | 2.36 | 2.02 | 2.16 | 2.42 | 2.55 |
| Current Ratio | 1.52 | 2.2 | 1.73 | 1.56 | 1.04 | 0.86 |
an Increase in Expected Earnings Improves Its Value Outlook but Trading Above Its Fair Price:
CSX has a trailing twelve month P/E ratio of 22.6, compared to an average of 24.03 for the Industrials sector. Based on its EPS guidance of $2.03, the company has a forward P/E ratio of 17.1. The 5.6% compound average growth rate of CSX's historical and projected earnings per share yields a PEG ratio of 4.06. This suggests that these shares are overvalued. Furthermore, CSX is likely overvalued compared to the book value of its equity, since its P/B ratio of 5.14 is higher than the sector average of 2.89. The company's shares are currently trading 118.7% below their Graham number. Ultimately, CSX's strong cash flows, decent earnings multiple, and healthy debt levels factor towards it being fairly valued, its elevated P/B ratio notwithstanding.
Analysts Give CSX an Average Rating of Buy:
The 24 analysts following CSX have set target prices ranging from $27.0 to $45.0 per share, for an average of $39.29 with a buy rating. The company is trading -10.4% away from its average target price, indicating that there is an analyst consensus of some upside potential.
CSX has a very low short interest because 1.3% of the company's shares are sold short. Institutions own 78.5% of the company's shares, and the insider ownership rate stands at 0.26%, suggesting a small amount of insider investors. The largest shareholder is Vanguard Group Inc, whose 9% stake in the company is worth $6,105,976,381.
