CSX Price Prediction Next Week
Technical Analysis: CSX's stock has shown a bearish trend in recent trading sessions, with the price declining from $37.81 to $32.30. The stock is currently trading below its key moving averages, indicating downward momentum.
News Impact:
- Recent downgrade by Loop Capital Markets from 'Buy' to 'Hold' due to concerns over new tariffs
- Q4 earnings missed expectations with revenue of $3.5 billion (-3.8% YoY) and EPS of $0.42 (-6.7% YoY)
- Coal revenue decline and hurricane-related disruptions continue to impact performance
Price Forecast for Next Week: Based on technical indicators and recent news sentiment:
Target Prices:
- Support level: $31.50
- Resistance level: $33.20
- Most likely range: $31.80-$32.90
Trading Recommendation: SELL Rationale:
- Bearish technical indicators with price below moving averages
- Negative news sentiment with analyst downgrades
- Ongoing operational challenges with coal segment
- Stock has underperformed S&P 500 by significant margin (-11% vs +20.9%)
Price Target: Expect the stock to test support at $31.50 next week. Consider selling at current levels ($32.30) with a stop-loss at $33.40.
CSX Similar Chart Price Prediction
The price of CSX is predicted to go up 1.24%, based on the high correlation periods with ENO. The similarity of these two price pattern on the periods is 91.71%.
CSX
ENO
Up: 1.24%Similarity: 91.71%
CSX Revenue Forecast
CSX EPS Forecast
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CSX VS S&P500
Network service levels have improved materially off a lackluster performance in 2021 and 2022 thanks to progress hiring train and engine personnel.
We expect international and domestic intermodal volumes to flip positive this year as retail sector restocking activity improves and truckload competition abates.
With help from the precision scheduled railroading playbook, CSX's adjusted OR improved to 58.1% in 2022, from 66.5% in 2017. Despite setbacks in 2022 and 2023, we expect CSX to rekindle OR gains in the years ahead.
CSX Analyst's Forecast
James McGarragle
RBC Capital
Hold
2025-01-24
Price Target
$34 → $33
Upside
+0.95%
RBC Capital lowered the firm's price target on CSX to $33 from $34 and keeps a Sector Perform rating on the shares. The company's Q4 results were in-line, impacted by a number of operational issues, the analyst tells investors in a research note. RBC notes however that CSX management is now guiding for discreet costs to meaningfully impact Q1, resulting in below 2% EPS growth that will come up well short of the Investor Day target high-single to low-double digit 3-year EPS CAGR, warning that this lower growth rate relative to peers will continue weighing on sentiment.
Fadi Chamoun
BMO Capital
Buy
2025-01-24
Price Target
$40 → $38
Upside
+16.24%
Brandon Oglenski
Barclays
Buy
2025-01-24
Price Target
$40 → $38
Upside
+16.24%
