CSX Receives Approval From Surface Transportation Board to Acquire Pan Am Railways
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 14 2022
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Should l Buy CSX?
Source: globenewswire
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Analyst Views on CSX
Wall Street analysts forecast CSX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSX is 39.50 USD with a low forecast of 30.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
13 Buy
4 Hold
0 Sell
Strong Buy
Current: 39.870
Low
30.00
Averages
39.50
High
45.00
Current: 39.870
Low
30.00
Averages
39.50
High
45.00
About CSX
CSX Corporation is a transportation company. The Company provides rail, intermodal and rail-to-truck transload services and solutions to customers across an array of markets, including energy, industrial, construction, agricultural and consumer products. It provides rail-based freight transportation services, including traditional rail service, the transport of intermodal containers and trailers, as well as other transportation services such as rail-to-truck transfers and bulk commodity operations. Through its subsidiary, CSX Transportation, Inc. (CSXT), it provides a link to the transportation supply chain through its approximately 20,000 route-mile rail network and serves major population centers in 26 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. CSXT is also engaged in real estate sales, leasing, acquisition and management and development activities. It serves merchandise, intermodal, coal, and trucking businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CSX Corporation Hits New 52-Week High
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- Technical Pattern Analysis: The weekly chart reveals a breakout from a larger bullish cup-and-handle pattern, which, combined with the shorter-term bullish setup on the daily chart, suggests a potential approach to all-time highs in early 2024, enhancing investor conviction.
- Risk Management Advice: For trading strategies, a suggested stop-loss at the 33.5 area is recommended to prevent a breach of critical support levels that could jeopardize the current bullish patterns, thereby improving the overall risk-reward profile for investors.
- Long-Term Trend Outlook: CSX's price action has formed a trading range over the past five years, and the current breakout may signal a continuation of the long-term uptrend, drawing increased attention from investors to this railroad stock's potential opportunities.
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- Consumer Confidence Boost: The University of Michigan's consumer sentiment index was revised upward to 56.4, a five-month high, exceeding expectations of 54.0, indicating a potentially positive impact on consumer spending due to increased optimism about the economic outlook.
- Easing Inflation Expectations: US January inflation expectations were revised down from 4.2% to 4.0%, which may alleviate concerns about interest rate hikes and provide support for the stock market ahead of the upcoming Federal Reserve meeting.
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- Manufacturing PMI Data: The US January S&P manufacturing PMI rose slightly by 0.1 to 51.9, falling short of the expected 52.0, indicating sluggish growth in the manufacturing sector that could dampen future economic recovery expectations.
- Precious Metals Surge: Gold, silver, and platinum prices reached new highs due to a weaker dollar and geopolitical risks, reflecting increased investor demand for precious metals as a store of value, which may influence future investment flows.
- WTI Crude Price Spike: WTI crude oil prices jumped over 3% to a one-week high as the US threatened to curb dollar supplies for Iraqi oil sales, potentially leading to volatility in the global energy market.
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- Yearly Performance: Despite today's decline, Intel has a year-to-date gain of 28.5%, indicating a strong recovery over the past months that may attract long-term investors' interest.
- Market Dynamics: Among other components today, Marvell Technology is down 3.4%, while CSX is up 3.1%, indicating a divergence in market sentiment as investors react differently across the tech and transportation sectors.
- Investor Sentiment: The volatility in Intel's stock could influence the overall performance of the Nasdaq 100, prompting investors to closely monitor its upcoming earnings reports and market strategies to assess its long-term investment value.
See More
CSX Corporation Hits New 52-Week High
- Price Breakout: CSX Corporation achieved a new 52-week high following its earnings report last week, indicating a recovery from earlier volatility and establishing a trend of higher highs and lows, reflecting market confidence in its future performance.
- Technical Pattern Analysis: The weekly chart reveals a breakout from a larger bullish cup-and-handle pattern, which, combined with the shorter-term bullish setup on the daily chart, suggests a potential approach to all-time highs in early 2024, enhancing investor conviction.
- Risk Management Advice: For trading strategies, a suggested stop-loss at the 33.5 area is recommended to prevent a breach of critical support levels that could jeopardize the current bullish patterns, thereby improving the overall risk-reward profile for investors.
- Long-Term Trend Outlook: CSX's price action has formed a trading range over the past five years, and the current breakout may signal a continuation of the long-term uptrend, drawing increased attention from investors to this railroad stock's potential opportunities.
See More
S&P 500 Index Edges Up as Tech Stocks Rally
- Tech Stock Rally: The S&P 500 Index rose by 0.03% driven by a rebound in the Magnificent Seven tech stocks, indicating a recovery in market confidence despite ongoing uncertainties.
- Consumer Confidence Boost: The University of Michigan's consumer sentiment index was revised up to 56.4, a five-month high, exceeding expectations of 54.0, suggesting increased consumer confidence that could stimulate spending.
- Easing Inflation Expectations: The one-year inflation expectations were revised down from 4.2% to 4.0%, reflecting a reduction in market concerns about future inflation, which may support stock performance.
- Oil Price Surge: WTI crude oil prices jumped over 2% to a one-week high as President Trump reiterated military threats against Iran, boosting energy stocks and highlighting the impact of geopolitical risks on the market.
See More
US Stocks Show Mixed Movement as Tech Rally Supports Market Recovery
- Tech Stock Recovery: The S&P 500 index rose by 0.25% as the rally of the Magnificent Seven technology stocks boosted market confidence, despite ongoing uncertainties in the broader market.
- Consumer Confidence Boost: The University of Michigan's consumer sentiment index was revised upward to 56.4, a five-month high, exceeding expectations of 54.0, indicating a potentially positive impact on consumer spending due to increased optimism about the economic outlook.
- Easing Inflation Expectations: US January inflation expectations were revised down from 4.2% to 4.0%, which may alleviate concerns about interest rate hikes and provide support for the stock market ahead of the upcoming Federal Reserve meeting.
- Record High Gold Prices: Gold, silver, and platinum prices reached new highs due to a weaker dollar and rising geopolitical risks, driving mining stocks higher and reflecting increased demand for precious metals as a store of value.
See More
Capital One Acquires Brex for $5.15 Billion Amid 7% Stock Drop
- Market Dynamics: The stock market showed little change on Friday, with most of the Magnificent Seven stocks rising, indicating ongoing investor confidence in tech despite geopolitical concerns easing.
- Earnings Week Outlook: A busy earnings week is ahead with major companies like Boeing, Starbucks, Meta, and Microsoft set to report, which could significantly influence market sentiment and investor decisions.
- Capital One Acquisition: Capital One announced its acquisition of payments startup Brex for $5.15 billion, yet its stock fell around 7% after a mixed earnings report, reflecting cautious market sentiment regarding its competitive positioning.
- Nvidia Market Reaction: Nvidia shares rose as China instructed major tech firms to prepare orders for its H200 chips, although Jim Cramer expressed skepticism about its short-term performance, highlighting a stronger demand for memory chips instead.
See More
Intel Drops Over 12% After Weak Forecast, Pressuring Chip Stocks
- Chip Sector Pressure: Intel (INTC) shares plummeted over 12% following CEO Lip-Bu Tan's weak forecast and warnings about manufacturing issues, leading to broader pressure on the chip sector and diminishing investor confidence.
- Manufacturing PMI Data: The US January S&P manufacturing PMI rose slightly by 0.1 to 51.9, falling short of the expected 52.0, indicating sluggish growth in the manufacturing sector that could dampen future economic recovery expectations.
- Precious Metals Surge: Gold, silver, and platinum prices reached new highs due to a weaker dollar and geopolitical risks, reflecting increased investor demand for precious metals as a store of value, which may influence future investment flows.
- WTI Crude Price Spike: WTI crude oil prices jumped over 3% to a one-week high as the US threatened to curb dollar supplies for Iraqi oil sales, potentially leading to volatility in the global energy market.
See More
Intel Stock Drops 12.7% Today, Year-to-Date Gain at 28.5%
- Stock Volatility: Intel's stock is down 12.7% today, making it the worst performer in the Nasdaq 100, reflecting market concerns about its short-term performance, which could impact investor confidence.
- Yearly Performance: Despite today's decline, Intel has a year-to-date gain of 28.5%, indicating a strong recovery over the past months that may attract long-term investors' interest.
- Market Dynamics: Among other components today, Marvell Technology is down 3.4%, while CSX is up 3.1%, indicating a divergence in market sentiment as investors react differently across the tech and transportation sectors.
- Investor Sentiment: The volatility in Intel's stock could influence the overall performance of the Nasdaq 100, prompting investors to closely monitor its upcoming earnings reports and market strategies to assess its long-term investment value.
See More
