Is CSX a good stock to buy?
Is CSX Corporation stock A Buy? CSX Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Should you buy CSX stock?
CSX Corporation CSX stock ... International Inc. TFII. All the stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.
Is CSX a good investment?
Is CSX stock a good investment? CSX stock has outperformed the market due to better than expected quarterly results, and a rebound in transportation demand, along with a stable operating ratio, despite the impact of the pandemic. Our dashboard Buy Or Fear CSX Corporation Stock provides the key numbers behind our thinking.
Why did CSX stock drop?
CSX’s net income of $736 million in fiscal Q3 2020 reflected a 14% drop from its $856 million figure in the prior-year quarter. This can be attributed to lower revenues and higher operating ...
Did CSX split their stock?
– June 4, 2021 – CSX Corporation (NASDAQ: CSX) today announced that its Board of Directors has approved a 3-for-1 stock split to be distributed to shareholders as a stock dividend.
Why did CSX stock drop so much?
Shares of CSX tumbled Friday after the rail-based freight company posted fourth-quarter results that indicated higher operating costs.
Is it a good time to buy CSX stock?
Out of 13 analysts, 5 (38.46%) are recommending CSX as a Strong Buy, 4 (30.77%) are recommending CSX as a Buy, 3 (23.08%) are recommending CSX as a Hold, 0 (0%) are recommending CSX as a Sell, and 1 (7.69%) are recommending CSX as a Strong Sell. What is CSX's earnings growth forecast for 2022-2024?
Will CSX stock split again?
Each shareholder of record at the close of business on June 18, 2021, will receive two additional shares of CSX common stock for each share held as of this record date. The new shares will be distributed on June 28, 2021.
Should I sell my CSX stock?
There are currently 1 sell rating, 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CSX stock.
Has CSX been sold?
CSX Closes Sale on First Phase of the $525-Million Rail Transaction with the Commonwealth of Virginia - CSX.com.
What is the best railroad stock to buy?
Best Value Railroad StocksPrice ($)12-Month Trailing P/E RatioTrinity Industries Inc. (TRN)32.0917.4CSX Corp. (CSX)34.8920.8Norfolk Southern Corp. (NSC)269.8522.3
Is CSX a buy Zacks?
The Zacks database contains over 10,000 stocks. All of those stocks are classified into three groups: Sector, M Industry and X Industry....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Does CSX pay a dividend?
CSX pays quarterly dividends on its common stock on or about the 15th of March, June, September and December, when declared by the board of directors to shareholders of record approximately three weeks earlier. CSX offers direct deposit of dividends to shareholders who request it.
When did CSX last split?
CSX's 5th split took place on June 29, 2021. This was a 3 for 1 split, meaning for each share of CSX owned pre-split, the shareholder now owned 3 shares.
What price did CSX split?
on June 4 announced a 3-1 stock split. The Jacksonville-based railroad company has been trading above $100 for most of the past month, with a high of $104.87 May 10. It closed at $99.70 June 3 before the split announcement, which would give stockholders three shares worth about $33.23 each for every share they own.
What is a three for one stock split?
Gift. NEW YORK — Tesla proposed a three-for-one split of its stock on Friday, a move that will make a single share of the electric car maker more accessible to investors but not affect the company's overall market value.
What is CSX transportation?
What is the post split dividend for 2021?
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.
How much did CSX lose in 2020?
The regular, quarterly cash dividend of $0.28 per share pay able on June 15, 2021, will not be impacted by the stock split. Based on the current dividend rate, the post-split quarterly dividend on the company's common stock would be $0.093* per share. * On a post-split basis, the dividend will be carried out six decimal places to most closely ...
How much is CSX operating income?
Between 2017 and 2020, CSX’s revenues declined by about 7% from $11.4 billion in 2017 to $10.6 billion in 2020. This can largely be attributed to the impact of the pandemic on the overall railroad demand. In fact, the 2020 revenue of $10.6 billion reflect a 11% y-o-y drop.
How much is Canadian Pacific's revenue in 2020?
CSX’s operating income grew from $3.1 billion in 2017 to $3.6 billion in 2020, as a drop in revenues was more than offset by improved margins, which grew from 27% to 34% over the same period. Looking at Canadian Pacific, the operating income grew from $2.3 billion in 2017 to $3.1 billion in 2020, led by both, revenue growth as well as margin expansion from 35% to 41%. In general, all railroad companies have been focused on reducing their operating ratio of late, which has boosted their bottom-line, a trend expected to continue in the near term.
How much debt does Canadian Pacific have in Kansas?
Looking at Canadian Pacific, total revenue actually grew 17% from $6.6 billion in 2017 to $7.7 billion in 2020, though 2020 revenues were down by around 1% y-o-y.
How much did CSX lose in 2020?
The acquisition offer of $29 billion was made at a premium of 23% to Kansas’ stock value as of March 19, 2021. Canadian Pacific will also assume $3.8 billion debt of Kansas, included in the $29 billion offer. While the higher debt levels Canadian Pacific will have post Kansas’ acquisition is a concern, there are several positives associated ...
Who bought Kansas City Southern?
Between 2017 and 2020, CSX’s revenues declined by about 7% from $11.4 billion in 2017 to $10.6 billion in 2020. This can largely be attributed to the impact of the pandemic on the overall railroad demand. In fact, the 2020 revenue of $10.6 billion reflect a 11% y-o-y drop.
When will CSX release results?
Canadian Pacific recently announced its plan to acquire Kansas City Southern, which is a step in the right direction for the company, in our view. The acquisition offer of $29 billion was made at a premium of 23% to Kansas’ stock value as of March 19, 2021.
What is CSX 2020?
JACKSONVILLE, Fla., July 07 , 2021 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) will release second-quarter financial and operating results after the market close on Wednesday, July 21, 2021. This will be followed by a conference call and live webcast hosted by the company’s management team at 4:30 p.m. Eastern Time. Those interested in participating via teleconference may dial 1-833-968-2260. Callers outside the U.S. may dial 1-778-560-2704. Participants should dial in 10 minutes prior to the cal
What is CSX Corp?
(NASDAQ: CSX) today released its 2020 environmental, social, and governance (ESG) report, highlighting the company’s sustainability performance in the areas of safety, people and communities, environment, and governance. James M. Foote, president and chief executive officer said: “CSX’s leadership in freight rail depends on our ability to conduct business in a sustainable way that does right by all stakeholders. We are proud to pres
Where is CSX located?
CSX Corp. CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.
When will CSX repurchase its stock?
Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.
When will CSX split?
CSX declared that its board has initiated a share repurchase plan on Wednesday, October 21st 2020, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 8.3% of its stock through open market purchases.
How much does CSX make?
CSX shares split before market open on Tuesday, June 29th 2021. The 3-1 split was announced on Friday, June 4th 2021. The newly issued shares were distributed to shareholders after the closing bell on Monday, June 28th 2021. An investor that had 100 shares of CSX stock prior to the split would have 300 shares after the split.
What is the dividend payout ratio of CSX?
CSX has a market capitalization of $70.85 billion and generates $10.58 billion in revenue each year. The transportation company earns $2.77 billion in net income (profit) each year or $1.22 on an earnings per share basis.
What happened
CSX does not yet have a strong track record of dividend growth. The dividend payout ratio of CSX is 30.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CSX will have a dividend payout ratio of 22.70% next year.
So what
Shares of railroad operator CSX Corporation (NASDAQ: CSX) are down 9.8% as of 2:12 p.m. EDT after the company reported second-quarter 2019 earnings results last night that fell short of expectations.
