The CEO passed away. The railroad industry is bullish at the moment. Truckers are not allowed to drive 40 hours now. Trucking is becoming more expensive. Railroads are getting more market share and they continue to get more efficient. (Analysts’ price target is $81.09)
The rails have been on a spectacular run in this cycle. This one started down at its book value and now is close to 5 times book value. The best days are behind it. If the economy ever has a setback this stock could go down substantially.
Rails in general are benefiting from strong economy in North America, especially the US. All these companies have become more efficient, infrastructure plays. Trade wars are a risk. Generally, the rails are a good way to play North American economy.
They are continuing the plan that Hunter Harrison put in place to improve efficiency, drive down the operating ratio, and sell assets. Velocity is up 20% this year: trains are moving faster, which provides better service and increases capacity. CSX is improving its capital profile, with higher cash flow margins. He expects every dollar of revenue to convert to about 30 cents in the future from a historical level of 8 cents. There have been complaints from the customer (shipper) base as a result of all the cost cutting but if CSX keeps improving its operating metrics, the customers’ concerns will be resolved. (Analysts’ price target is 62.92$)
(A Top Pick Jan 27/17. Up 20.1%.) There was a big upside when Hunter Harrison joined the firm. The secular story is really one of taking costs out of the company and making it more efficient. He expects the story to continue, and for the stock to continue to grind higher.
CSX Corp is a American stock, trading under the symbol CSX-Q on the NASDAQ (CSX). It is usually referred to as NASDAQ:CSX or CSX-Q
In the last year, 1 stock analyst published opinions about CSX-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for CSX Corp.
CSX Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for CSX Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered CSX Corp In the last year. It is a trending stock that is worth watching.
On 2023-09-22, CSX Corp (CSX-Q) stock closed at a price of $31.2.