CSX Price Prediction Next Week
Based on the provided data and recent market activity, here's a comprehensive analysis for CSX's stock price prediction for the next trading week:
Technical Analysis
The stock is showing bearish momentum after reporting disappointing Q4 earnings. CSX closed at $32.69 on Friday, down 2.91% in regular trading hours. The stock has broken below key technical support levels, with RSI at 47.72 indicating neutral momentum but trending downward.
Earnings Impact
- Q4 Revenue: $3.54 billion (missed consensus of $3.57 billion)
- Q4 EPS: $0.42 (missed consensus by $0.01)
- The stock dropped more than 2% following the earnings release, indicating negative market sentiment
Price Targets Recent analyst actions show lowered price targets:
- Baird: Lowered target from $39 to $38
- Citigroup: Lowered target from $40 to $39
Key Drivers for Next Week
- Negative earnings reaction likely to continue pressuring the stock
- Lower coal revenues and fuel recovery impacts weighing on performance
- Technical indicators suggesting further downside potential
Price Prediction for Next Week Based on technical analysis and recent earnings impact:
- Resistance: $33.75 (Fibonacci R1)
- Support: $31.79 (Fibonacci S1)
- Target Range: $31.50 - $32.50
Trading Recommendation: SELL
- Entry: Current market price ($32.69)
- Target: $31.50
- Stop Loss: $33.75
The stock is likely to face continued selling pressure due to earnings disappointment and weakening technical indicators. The combination of missed revenue targets, lowered analyst price targets, and negative momentum suggests further downside in the coming week.
CSX Similar Chart Price Prediction
The price of CSX is predicted to go up 3.12%, based on the high correlation periods with SSP. The similarity of these two price pattern on the periods is 93.79%.
CSX
SSP
Up: 3.12%Similarity: 93.79%
CSX Revenue Forecast
CSX EPS Forecast
CSX FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
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
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
Price Target
$40 → $38
Upside
+16.24%
Brandon Oglenski
Barclays
Buy
Price Target
$40 → $38
Upside
+16.24%