CSX stock: buy or sell?
August 23rd, 2019
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada.
Should I buy CSX stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, CSX stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is CSX stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 15 ratings published for CSX stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-17||Royal Bank of Canada||Neutral||Sector Perform|
|2019-7-17||Credit Suisse Group||n/a||Outperform|
|2019-7-17||Cowen||Market Perform||Market Perform|
|2019-7-10||Goldman Sachs Group||n/a||Neutral|
CSX stock analysis
CSX fell a tragic -2.30% and closed at $64.62.
CSX shares fell -2.30% to $64.62 today. Since price and SMA200d lines crossed down on Jul 17th, CSX fell $-14.93 per share (-18.77%). Since last May when SMA100d and SMA200d crossed up, CSX price slipped $-11.90 per share (-15.55%). On May, CSX hit new all time highs, pushing higher previous ATH of $80.25 recorded on April. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
CSX slightly fell a bad -0.72% this week. By mid July CSX collapsed a hair-raising -11.76% in just one week. With this, it's been 5 red weeks in a row, sliding $-5.69 or a -7.24%.
Far behind is the all-time high CSX hit late April and since then the price is -19.70% below that top. Since mid July, when CSX stock price broke down the 40-weeks moving avarage line, it slid $-13.96 per share (-17.77%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Since early May when SMA20w and SMA40w crossed up, CSX price slipped $-15.64 per share (-19.49%).
CSX stock price history
CSX stock went public on November 3rd, 1980 with a price of $0.361. Since then, CSX stock surged a 17,850.00%, with an average of 469.70% per year. If you had invested $1,000 in CSX stock in 1980, it would worth $178,500.00 today.
1: Adjusted price after possible price splits or reverse-splits.
CSX stock historical price chart
CSX stock reached all-time highs on May with a price of $80.47.
CSX stock price target is $80.90Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 9 price forecasts for CSX stock released in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-17||TD Securities||Lowers Target||$81.00||$77.00||-4.9%|
|2019-7-17||Royal Bank of Canada||Lowers Target||n/a||$75.00||-|
|2019-7-17||Raymond James||Lowers Target||$84.00||$81.00||-3.6%|
|2019-7-17||Credit Suisse Group||Reiterates||$92.00||$86.00||-6.5%|
|2019-6-12||Deutsche Bank||Lowers Target||$89.00||$87.00||-2.2%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter posting its last earnings report on April, CSX plunged a terrible -14.55%. As soon as we get its actual EPS from the earnings report, we will extend this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a great gain of 7.38% to $12,250.00 M USD. In contrast, its earnings margin (compared to revenues) plummed to 27.01%, that is $3,309.00 million. CSX fiscal year ends in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, CSX TTM sales up to March 2019 were $12,387.00 and income $3,448.00 M dollars. If we compare this TTM figures with the last reported annuality, we can review CSX business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, appreciated a slightly fine 1.12%. In the same way, profit margin (net income/sales) remained stable at 27.01%.
|2013||$12,030 M||-||$1,870 M15.5%||-|
|2014||$12,669 M||5.31%||$1,927 M15.2%||3.05%|
|2015||$11,811 M||-6.77%||$1,968 M16.7%||2.13%|
|2016||$11,069 M||-6.28%||$1,714 M15.5%||-12.91%|
|2017||$11,408 M||3.06%||$5,471 M48.0%||219.19%|
|2018||$12,250 M||7.38%||$3,309 M27.0%||-39.52%|
|TTM||$12,387 M||1.12%||$3,448 M27.8%||4.20%|
Quarterly financial resultsCSX posted $3,013.00 million in sales for 2019-Q1, a -4.14% less compared to previous quarter. Reported quarter earnings marked $834.00 M with a profit margin of 27.68%. Profit margin remained stable a 0.86% compared to previous quarter when profit margin was 26.82%. When comparing revenues to same quarter last year, CSX sales marked a decent growth and stepped up a 4.76%.
|2017-Q2||$2,930 M||-||$510 M17.4%||-|
|2017-Q3||$2,740 M||-6.48%||$459 M16.8%||-10.00%|
|2017-Q4||$2,863 M||4.49%||$4,140 M144.6%||801.96%|
|2018-Q1||$2,876 M||0.45%||$695 M24.2%||-83.21%|
|2018-Q2||$3,102 M||7.86%||$877 M28.3%||26.19%|
|2018-Q3||$3,129 M||0.87%||$894 M28.6%||1.94%|
|2018-Q4||$3,143 M||0.45%||$843 M26.8%||-5.70%|
|2019-Q1||$3,013 M||-4.14%||$834 M27.7%||-1.07%|
CSX ownershipWhen you are planning to buy a company, it's worth to review its ownership structure.
CSX shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.22% of all shares.
In case of CSX stock, 78.69% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for CSX stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related companies:
|Market cap||$52.3 B||$65.4 B||$33.9 B||$6.3 B||$12.4 B|
|Total shares||809.2 M||727.3 M||144.9 M||56.5 M||100.6 M|
|Float shares||796.9 M||616.5 M||128.7 M||55.5 M||99.3 M|
|- Institutional holdings (%)||78.7%||0.0%||75.4%||98.0%||85.4%|
|- Insider holdings (%)||0.2%||3.0%||0.0%||1.9%||0.5%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$64.28 - $66.25|
|Average true range||$1.35|
|50d mov avg||$71.98|
|100d mov avg||$74.56|
|200d mov avg||$71.62|
CSX performanceTo measure stock performance is always good to benchmark with competitors or related stocks. For CSX, the comparison is made against Canadian National Railway, Canadian Pacific Railway, Genesee & Wyoming, , Norfolk Souther and Union Pacific.
|CPCanadian Pacific ...||4.96%||13.12%||16.09%|
|GWRGenesee & Wyoming||17.12%||31.71%||25.58%|
CSX competitorsWe selected a few stocks to conform a list of CSX competitors to check if you are interested in investing in CSX:
- Canadian National Railway (CNI)
- Canadian Pacific Railway (CP)
- Genesee & Wyoming (GWR)
- Norfolk Souther (NSC)
- Union Pacific (UNP)
Latest CSX stock news
- InvestorPlaceCSX Stock Will Likely Continue to Fall Amid Economic UncertaintyAugust 2, 2019
- InvestorPlaceThis Month Could Make or Break CSX Stock, in More Ways Than OneJuly 26, 2019
- InvestorPlaceIs It Time for Investors to Get On Board CSX Stock?July 22, 2019
- Seeking AlphaCSX: Sell-Off OverdoneJuly 18, 2019
- InvestorPlaceHit the Brakes on High-Flying CSX StockJuly 18, 2019