CSX stock: buy or sell?

CSX stock price: $64.62 -2.30% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

3

Shares of CSX fell a tragic -2.30% and closed at $64.62.

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.

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 collected 15 ratings published for CSX stock in the last 30 days.

Is CSX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
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
2019-4-3Susquehanna BancsharesPositiveNeutral

CSX stock analysis

Daily outlook

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 stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $80.90

Predicting 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:
CSX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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)$82.50$80.90-2.0%
Moving in a range from $87.00 and $75.00, the price forecast for CSX stock is $80.90.

Financials and fundamental analysis

Earnings date and Earnings per Share

After 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.
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 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%.

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 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%.
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 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:

CSXCNICPGWRKSU
Market cap$52.3 B$65.4 B$33.9 B$6.3 B$12.4 B
Total shares809.2 M727.3 M144.9 M56.5 M100.6 M
Float shares796.9 M616.5 M128.7 M55.5 M99.3 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 selling0.0%0.0%0.0%0.0%0.0%

CSX summary

Friday, August 23rd, 2019
Open$65.70
Close$64.62
Day range$64.28 - $66.25
Previous close$66.14
Session gain-2.30%
Average true range$1.35
50d mov avg$71.98
100d mov avg$74.56
200d mov avg$71.62
Daily patternlt03a
Weekly pattern

CSX performance

To 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.
Stock3m6m12m
CSX -13.45%-11.27%-12.34%
CNICanadian National...-1.15%6.11%4.63%
CPCanadian Pacific ...4.96%13.12%16.09%
GWRGenesee & Wyoming17.12%31.71%25.58%
KSU2.26%11.34%9.77%
NSCNorfolk Souther-14.62%-6.78%-1.31%
UNPUnion Pacific-6.57%-4.92%8.85%

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