|Bid||0.00 x 900|
|Ask||0.00 x 4000|
|Day's Range||71.64 - 73.12|
|52 Week Range||58.47 - 80.73|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||17.37|
|Earnings Date||Jan 14, 2020 - Jan 20, 2020|
|Forward Dividend & Yield||0.96 (1.33%)|
|1y Target Est||76.05|
Could CSX Corporation (NASDAQ:CSX) be an attractive dividend share to own for the long haul? Investors are often drawn...
White was able to accomplish one of his top goals before leaving — closing a $103 million funding gap for the Howard Street Tunnel expansion.
It remains to be seen how United Airlines (UAL) performs under Scott Kirby as the new CEO, given his vast experience in the airline space.
Here's what the transition in power at the top will mean for the Chicago-based carrier that's been in turnaround mode for the past four years.
Heading into the fourth quarter of 2019, Foote thought coal would see declines of more than 10%, but those declines have accelerated recently. Through the week ended Nov. 30, CSX's coal carloads are 17.2% lower quarter-to-date but still well off the heavier declines earlier in the year (-38.3% year-to-date). Lower energy and natural gas prices are impacting utility coal while metallurgical coal is being negatively impacted by declines in the global economy, resulting in lower steel production.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
JACKSONVILLE, Fla., Nov. 27, 2019 -- CSX Corp. (NASDAQ: CSX) President and chief executive officer James M. Foote will address the Credit Suisse 7th Annual Industrials.
Analog Devices' (ADI) strength in end-markets served is likely to reflect on fiscal fourth-quarter 2019 results. However, softness in the consumer market and geopolitical uncertainty may have remained concerns.
Continuous development of new products and partnerships are likely to reflect on Box's (BOX) fiscal Q3 results. However, increasing investments in research and development might have been a concern.
Another company claims CSX isn't taking responsibility for maintaining its right-of-way near its railroad tracks.
Two companies in Johnston County have launched a lawsuit against train giant CSX Transportation – blaming it, and its raised roadbed, for hurricane flooding. Atlantic Resources Incorporated and Barefoot Properties Group filed suit in Johnston County, and saw their complaint transferred to federal court this week. In July, for example, plaintiffs claim a summer rainstorm brought floodwaters to their loading docks.
The Dow Jones Transportation Average slumped 12 points, or 0.1%, in morning trading Tuesday, to buck the gains in the broader market indexes, with the shares of East-coast based railroad operators CSX Corp. and Norfolk Southern Corp. the biggest drags. The Dow Jones Industrial Average rose 39 points, or 0.1%. CSX's stock fell 1.3%, with the 98-cent price decline cutting the Dow transports' price by about 6 points; Norfolk's stock fell 0.5%, and the 95-cent price decline also shaved about 6 points of the Dow transports' price. CSX was downgraded by Deutsche Bank to hold from buy, and the stock price target was lowered to $74 from $82, citing a particular concern over lower coal shipments. In the note, analyst Amit Mehrotra wrote: "Importantly, this downgrade should not be extrapolated more broadly to our U.S. Transportation coverage universe, but rather specifically to Eastern rails (CSX and NSC), which have disproportionate exposure to export coal markets."
Shares of CSX Corp. fell 1.2% in premarket trading Tuesday, after Deutsche Bank analyst Amit Mehrotra downgraded the railroad operator, citing concerns over lower 2020 revenue and margin headwinds resulting from lower coal shipments and pricing. Mehrotra cut his rating to hold from buy, and lowered his price target to $74 from $82. He said of particular concern is exports of metallurgical coal, where prices are down over 30% since the start of the year. "Our top line and cost estimates imply it will be difficult for CSX to expand margins in 2020, reflecting almost superhuman margin performance by management to date (i.e., difficult profit comparisons) and above-mentioned headwinds in coal (most of which we expect to be price-led and drop to the bottom line)," Mehrotra wrote in a note to clients. The stock has rallied 12.3% over the past three months, while the Dow Jones Transportation Average has climbed 9.9% and the Dow Jones Industrial Average has gained 6.9%.
JACKSONVILLE, Fla., Nov. 06, 2019 -- CSX Corp. (NASDAQ: CSX) president and chief executive officer James M. Foote will address the 2019 Stephens Nashville Investment Conference.
Booking Holdings' (BKNG) Q3 results are likely to reflect strength in all platforms. However, macro uncertainties and growing competition from local and international players might have remained concerns.
TripAdvisor's (TRIP) third-quarter earnings are likely to have benefited from strong product portfolio. However, hotel weakness & increasing marketing investments may have remained concerns.
U.S. equities, including transportation stocks, were rallying to new record highs on Friday, pushing the S&P 500 up and over the 3,050 level for the first time. The move exits a long consolidation range going back to July and comes in the wake of better-than-expected employment data and a better-than-feared manufacturing report for October.Nonfarm payrolls clocked in at 128,000 vs. the 80,000 analysts were expecting despite the GM (NYSE:GM) strike that recently ended. * 7 Stocks to Buy in November The gains are coming across the board, with Apple (NASDAQ:AAPL) adding 2.4% and energy stocks moving on higher crude oil prices. But it's the transportation sector that's caught my eye, with the sector rallying nicely on expectations of an economic rebound as the Federal Reserve's three recent interest rate cuts filter through the economy:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Transportation Stocks: Union Pacific (UNP)Union Pacific (NYSE:UNP) shares are rising above their 200-day moving average, challenging the prior highs set earlier in the year near the $178-a-share threshold. Coverage on the stock was recently initiated by analysts at Wells Fargo, with a neutral rating.The company is expected to next report results on Jan. 16 before the bell. Analysts are looking for earnings of $2.18 per share on revenues of $5.4 billion. Investors have recently been focusing on improving operating efficiency for the industry amid cost reduction efforts. CSX (CSX)CSX (NASDAQ:CSX) shares are challenging resistance near their 200-day moving average, setting up a return to highs last seen in July near $80 -- which would be worth a gain of more than 10% from here. Investors recently celebrated a 1.9% improvement in its operating ratio on a year-over-year basis to 56.8%, a new company record. * 7 Dividend Stocks That Could Struggle to Continue Payout Hikes This was drive by an 8% cut to expenses driven by lower fuel spending and a smaller train fleet resulting in fewer accidents and repairs. UPS (UPS)UPS (NYSE:UPS) shares are climbing back up and over their 50-day moving average, setting up a run at the prior high near $124 and setting up a run at the all-time high near $128 set in early 2018. Coverage was also recently initiated by Wells Fargo analysts.The company is expected to next report results on Jan. 30 before the bell. Analysts are looking for earnings of $2.11 per share on revenues of $20.6 billion. Norfolk Southern (NSC)Norfolk Southern (NYSE:NSC) stock is rallying above its 200-day moving average, marking the latest in a long line of buyable pullbacks since a long-term uptrend started in early 2016. Wells Fargo analysts initiated coverage here as well with a $216 price target and a buy rating.The company is expected to next report results on Jan. 23 before the bell. Analysts are looking for earnings of $2.40 per share on revenues of $2.8 billion. Delta Airlines (DAL)Shares of Delta Airlines (NYSE:DAL) are poised to move up and over their 50-day moving average, setting up a run at the prior high near $63 set back in July. Better business fundamentals means more business and leisure travel for a company that has been able to avoid the fallout from Boeing's (NYSE:BA) 737 MAX problems. Delta didn't operate any of the aircraft in its fleet. * 10 Stocks to Buy Regardless of Q3 Earnings The company is expected to next report results on Jan. 14 before the bell. Analysts are looking for earnings of $1.36 per share on revenues of $11.4 billion.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Buy-and-Hold Stocks to Play Investing's Biggest Trends * 7 Stocks to Buy in November * 5 Strong Buy Stocks Under $5 With Massive Upside Potential The post 5 Transportation Stocks to Buy Now Â Â Â appeared first on InvestorPlace.
FreightWaves reported on the late Hunter Harrison's methods to increase efficiency in the railroading business after he took the helm of CSX Corporation (NASDAQ: CSX) in 2016. Harrison introduced the practices of precision scheduled railroading (PSR) that he had used successfully at the Illinois Central Railroad, Canadian National Railway (NYSE: CNI), and Canadian Pacific Railway Ltd (NYSE: CP). Harrison's actions began to transform CSX, the nation's third-largest railroad, from a hub-and-spoke system to a more direct point-to-point system.
Orlando Health has picked up another land parcel near its downtown campus. The $3.4 billion nonprofit health care provider closed on the purchase of 2.86 acres at 1227 S. Division Ave. in Orlando on Oct.
JACKSONVILLE, Fla., Oct. 30, 2019 -- CSX Corporation (NASDAQ: CSX) President and Chief Executive Officer James M. Foote will address Baird’s 2019 Global Industrial Conference.