CSX stock: buy or sell?
November 19th, 2019
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.
|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 detected 15 ratings published for CSX stock in the last month.
|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
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.
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 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 $80.30Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-17||UBS Group||Lowers Target||$81.00||$75.00||-7.4%|
|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 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%
|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 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%.
|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 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:
|Market cap||$55.2 B||$66.1 B||$32.7 B||$6.4 B||$15.3 B|
|Total shares||777.6 M||715.3 M||137.2 M||57.0 M||99.1 M|
|Float shares||781.2 M||612.7 M||126.6 M||55.2 M||98.5 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, November 19th, 2019|
|Day range||$70.89 - $71.55|
|Average true range||$1.07|
|50d mov avg||$70.37|
|100d mov avg||$69.94|
|200d mov avg||$72.45|
CSX performancePerformance 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.
|CPCanadian Pacific ...||2.11%||7.11%||18.79%|
|GWRGenesee & Wyoming||0.70%||17.88%||40.64%|
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