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CSX Corporation CSX was a big mover last session, as the company saw its shares rise almost 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $54.27-$56.97 in the past one-month time frame, showed a sharp increase yesterday.
The move came after the company reported solid first-quarter 2018 results.
The company has seen a mixed track record when it comes to estimate revisions of one increase and three decreases over the past month, while the Zacks Consensus Estimate moved lower in the said time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
CSX Corporation currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
CSX Corporation Price
CSX Corporation Price | CSX Corporation Quote
A better-ranked stock in the Transportation - Rail industry is Central Japan Railway Company CJPRY, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is CSX going up? Or down? Predict to see what others think: Up or Down
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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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CSX Corporation (CSX) : Free Stock Analysis Report
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