CSX stock: buy or sell?

CSX stock price: $71.01 -0.01% At close on November 19th, 2019

Updated on:
November 19th, 2019

4

CSX stayed constant a tight -0.01% and closed at $71.01. Tuesday was the 5th red session in a row, sliding in full a -2.35%.

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada.

Should I buy CSX stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with CSX stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean CSX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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 detected 15 ratings published for CSX stock in the last month.

Is CSX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-17UBS Groupn/aNeutral
2019-7-26Atlantic SecuritiesUnderweightNeutral
2019-7-17TD Securitiesn/aHold
2019-7-17StephensOverweightEqual Weight
2019-7-17Royal Bank of CanadaNeutralSector Perform
2019-7-17Raymond Jamesn/aOutperform
2019-7-17Credit Suisse Groupn/aOutperform
2019-7-17CowenMarket PerformMarket Perform
2019-7-17Cowenn/aMarket Perform
2019-7-17Cascend SecuritiesBuyHold
2019-7-10Loop CapitalBuyHold
2019-7-10Goldman Sachs Groupn/aNeutral
2019-6-12Deutsche Bankn/aBuy
2019-4-5UBS GroupBuyNeutral
2019-4-4CitigroupBuyBuy

CSX stock analysis

Daily outlook

Shares of CSX ended today at $71.01 and stayed steady a tight -0.01%.

CSX stayed stable a tight -0.01% and closed at $71.01. Since Wednesday when CSX stock price broke down the SMA200d line, it slid $-1.74 per share (-2.39%). CSX shows a short term strength with several rising tops and rising bottoms. In the very short term, yesterday it marked a new bottom at $70.76 that should act a support if CSX starts a trading flat base in the range of $70.76 - $74.72 Trading the long side, we should wait to a new breakout over $74.72 to find the next buy point.

CSX stock chart (daily)

Weekly outlook

Shares of CSX depreciated an unpleasant -0.84% this week. Late October CSX boosted a wonderful 5.05% in just one week.

In a weekly time frame, CSX stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, CSX might consolidate in a flat-base, waiting to break out over or down under . Since price and 40-weeks moving average lines crossed down last week, CSX fell $-3.02 per share (-4.08%). 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. Far behind is the all-time high CSX hit late April and since then the price is -11.43% below that top.

CSX stock chart (weekly)

CSX stock price history

CSX IPO was on November 3rd, 1980 at $0.36 per share1. Since then, CSX stock grew a 19,625.00%, with an average of 503.20% per year. If you had invested $1,000 in CSX stock in 1980, it would worth $196,250.00 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 $80.17.

CSX stock price target is $80.30

Nobody can reliably foresee how stock prices may evolve in the future. 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. For the last 30 days we found 10 price forecasts for CSX stock:
CSX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-17UBS GroupLowers Target$81.00$75.00-7.4%
2019-7-17TD SecuritiesLowers Target$81.00$77.00-4.9%
2019-7-17Royal Bank of CanadaLowers Targetn/a$75.00-
2019-7-17Raymond JamesLowers Target$84.00$81.00-3.6%
2019-7-17Credit Suisse GroupReiterates$92.00$86.00-6.5%
2019-7-17CowenReiterates$80.00$78.00-2.5%
2019-7-17CowenLowers Target$80.00$78.00-2.5%
2019-6-12Deutsche BankLowers Target$89.00$87.00-2.2%
2019-4-5UBS GroupDowngrades$75.00$80.006.7%
2019-4-4CitigroupRaises Target$79.00$86.008.9%
(in average)$82.30$80.30-2.0%
The price forecast for CSX stock is $80.30, moving in a range between $87.00 and $75.00.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, CSX . As soon as we get its actual EPS from the earnings report, we will extend this review.
CSX earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.63n/a
2017-Q32017-10-160.510.510.0%
2017-Q42018-01-160.560.6414.3%
2018-Q12018-04-170.660.7818.2%
2018-Q22018-07-170.861.0117.4%
2018-Q32018-10-160.941.0511.7%
2018-Q42019-01-161.011.010.0%
2019-Q12019-04-150.92n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a more than good increase of 7.38% to $12,250.00 M USD. When comparing 2018 vs 2017, by contrast, profit margin (that is, the net income divided by revenues) collapsed a -20.95% to 27.01%.

CSX fiscal year ends in December, and to compare 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 earnings $3,448.00 million dollars. If we compare this TTM figures with the last reported annuality, we can esteem CSX business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, grew a slightly good 1.12%. Regarding profit margin, CSX remained stable 0.82% to 27.01%

CSX annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$12,030 M-$1,870 M15.5%-
2014$12,669 M5.31%$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 M3.06%$5,471 M48.0%219.19%
2018$12,250 M7.38%$3,309 M27.0%-39.52%
TTM $12,387 M1.12%$3,448 M27.8%4.20%

Quarterly financial results

CSX posted $3,013.00 million in sales for 2019-Q1, a -4.14% less compared to previous quarter. Reported quarter earnings marked $834.00 million 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 inched a 4.76%.
CSX quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$2,930 M-$510 M17.4%-
2017-Q3$2,740 M-6.48%$459 M16.8%-10.00%
2017-Q4$2,863 M4.49%$4,140 M144.6%801.96%
2018-Q1$2,876 M0.45%$695 M24.2%-83.21%
2018-Q2$3,102 M7.86%$877 M28.3%26.19%
2018-Q3$3,129 M0.87%$894 M28.6%1.94%
2018-Q4$3,143 M0.45%$843 M26.8%-5.70%
2019-Q1$3,013 M-4.14%$834 M27.7%-1.07%

CSX ownership

When you are planning to buy shares of a stock, it's worth to check 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 next table shows ownership data compared to other related companies:

CSXCNICPGWRKSU
Market cap$55.2 B$66.1 B$32.7 B$6.4 B$15.3 B
Total shares777.6 M715.3 M137.2 M57.0 M99.1 M
Float shares781.2 M612.7 M126.6 M55.2 M98.5 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 selling0.0%0.0%0.0%0.0%0.0%

CSX summary

Tuesday, November 19th, 2019
Open$71.55
Close$71.01
Day range$70.89 - $71.55
Previous close$71.02
Session gain-0.01%
Average true range$1.07
50d mov avg$70.37
100d mov avg$69.94
200d mov avg$72.45
Daily patternlb03a
Weekly pattern lt06a

CSX performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We chose Canadian National Railway, Canadian Pacific Railway, Genesee & Wyoming, , Norfolk Souther and Union Pacific as the bechmarking frame for CSX stock.
Stock3m6m12m
CSX 10.30%-4.53%3.12%
CNICanadian National...3.43%2.23%12.63%
CPCanadian Pacific ...2.11%7.11%18.79%
GWRGenesee & Wyoming0.70%17.88%40.64%
KSU29.78%28.72%59.53%
NSCNorfolk Souther14.33%-2.39%19.80%
UNPUnion Pacific11.42%4.07%26.14%

CSX competitors

We selected a few stocks to conform a list of CSX competitors to check if you are interested in investing in CSX:

Latest CSX stock news