How to Buy Csx Stock
Csx Corp
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services.
Csx stock last closed at $34.39, up 0.67% from the previous day, and has increased 13.09% in one year. It has underperformed other stocks in the Railroads industry by 0.05 percentage points. Csx stock is currently +18.46% from its 52-week low of $29.03, and -14.28% from its 52-week high of $40.12.
At the moment, there are 1.95B CSX shares outstanding. The market capitalization of CSX is $67.23B. In the last 24 hours, 24.89M CSX shares were traded.
How to Buy Csx Stock
Wondering how to invest in Csx stock? Here's how.
- Decide where to buy Csx stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Csx stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your method of payment and add your details.
- Evaluate Csx stock: The Csx ticker symbol is CSX. Is Csx stock a good investment? Should you buy shares of CSX? How do CSX's underlying business fundamentals look? Do top analysts think Csx is a good buy? Why has CSX's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if CSX is a good stock to buy).
- Place your CSX buy order: Decide if you will purchase CSX shares at the current market price or use a limit order to purchase CSX shares at a given price.
- Get the latest news on your CSX position: Create a watchlist to the latest updates on your investment in Csx stock.
Step 1: Decide where to buy Csx stock
You will need a brokerage account in order to access the NASDAQ market and buy CSX shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal information so you are able to buy CSX today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open a new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have finished signing up on the best stock app for beginners, you need to deposit funds:
Watch this video walkthrough for more details transferring funds into your new brokerage account.
Step 4: Evaluate Csx stock
After you have decided on the best place to buy Csx stock, it's very important to analyze their stock before you invest, so you can wrap your head around the risk as well as the upside.
Csx Numbers
Csx Fundamentals
WallStreetZen was built to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CSX's stock page.
What is the fair value of CSX stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge CSX's fair value.
Using relative valuations metrics:
- CSX could be undervalued based on its P/E ratio of 18.9x, relative to Railroads industry P/E ratio of 23.54x
- CSX could be overvalued based on its P/B ratio of 5.33x, relative to Railroads industry P/B ratio of 4.57x
- CSX may be overvalued based on its PEG ratio of 3.05x
You can access more valuation research on CSX's stock here.
How do CSX Financials look?
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the CSX balance sheet.
- CSX's operating cash flow of $5.38B allows it to safely service it's debt of $19.00B.
- CSX earnings of $5.59B is not sufficient to cover its interest payments.
Negative Health Checks:
- Total CSX debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the CSX balance sheet.
- CSX profit margin has gone down from 28.4% to 24.7% in the past year.
- CSX has a relatively high debt to equity ratio of 2.39.
Do analysts think it's a good time to buy CSX stock
Out of 10 Equities analysts who give forecasts on CSX, the consensus analyst rating on Csx is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent CSX Analyst Forecasts
Benjamin Nolan, a top 9% analyst from Stifel Nicolaus maintains CSX with a strong buy rating and raises their CSX price target from $37.00 to $39.00, on Apr 12, 2024.
Stifel Nicolaus's Benjamin Nolan raised their price target on Csx (NASDAQ: CSX) by 5.4% from $37 to $39 on 2024/04/12. The analyst maintained their Strong Buy rating on the stock.
Previewing Csx's Q1 2024 earnings (2024/04/17), Nolan reminded investors that Q1 is "usually the most challenging quarter of the year for the railroads.
"This year will not be an exception," the analyst predicted, in spite of "healthy intermodal volumes and generally mild winter conditions."
Nolan reported that although Stifel Nicolaus expects earnings growth this year and next from the Class 1 rail operators, it cautions that the growth will be at "a lower pace than is currently reflected in consensus numbers."
Footnotes
Yahoo Finance reports that the current consensus EPS estimate for Csx's Q1 is $0.45 which, if achieved, would represent a 6.3% decline from Q1 2023's $0.48.
Bascome Majors, a top 28% analyst from Susquehanna maintains CSX with a strong buy rating and raises their CSX price target from $42.00 to $44.00, on Mar 28, 2024.
Fadi Chamoun, a top 4% analyst from BMO Capital maintains CSX with a buy rating and raises their CSX price target from $37.00 to $38.00, on Jan 25, 2024.
Patrick Brown, a top 1% analyst from Raymond James maintains CSX with a buy rating and raises their CSX price target from $35.00 to $38.00, on Jan 16, 2024.
Brian Ossenbeck, a top 11% analyst from JP Morgan maintains CSX with a strong buy rating and lowers their CSX price target from $40.00 to $39.00, on Dec 21, 2023.
You can dive deeper into what analysts are projecting on the Csx stock forecast page.
Metrics for Advanced CSX Traders
CSX Performance Metrics
Last year, CSX earnings were $3.62B. In the last five year, CSX's earnings have increased by 5.89% per year. This was faster than the Railroads industry average of 5.79%.
Last year, CSX revenue was $14.63B. In the last 5 year, CSX's revenue has gone up by 3.39% per year. This was slower than the Railroads industry average of 4.7%.
You can analyze CSX's earnings and revenue performance here.
Are CSX insiders buying or selling the stock?
In the last year, insiders at CSX have sold more shares than they have bought.
Stephen Fortune, EVP - CDTO of CSX, was the latest CSX insider to sell. They sold $171,762.60 worth of CSX stock on Apr 1, 2024.
Learn more about who owns CSX shares here.
Does CSX provide a stable income stream?
Csx pays a dividend of 1.31%, compared to the Railroads industry's average dividend yield of 1.94%. If you owned $1,000 worth of CSX stock, you would have received $13.09 in the past 12 months.
Csx dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Csx dividend yield and history here.
CSX Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your CSX buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, place a limit order.
Hit the Open button and eToro will place the order.
If you need more help investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your CSX position
Now that you own some shares in CSX, you'll want to stay up-to-date on your investment.
Start a watchlist to get notified of the latest news about your CSX stock.
CSX Feed
How to Buy Stock in Csx
To reiterate, here are the 6 steps to buy Csx stock:
- Decide where to buy Csx stock
- Open your brokerage account
- Deposit money your investment account
- Evaluate Csx stock
- Place your CSX buy order
- Get the latest news on your CSX position
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to watch your new investment in Csx, create a watchlist today.
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