|Bid||132.55 x 1300|
|Ask||132.68 x 800|
|Day's Range||132.10 - 133.14|
|52 Week Range||90.55 - 134.09|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||23.82|
|Earnings Date||Oct 17, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||1.44 (1.08%)|
|1y Target Est||137.73|
Kansas City Southern (NYSE: KSU) expects to leverage its operations in Mexico as U.S. and multinational companies take advantage of the country's 2013 energy reform and export crude oil to Mexico. KSU chief executive officer Pat Ottensmeyer said last week that his company was investing in building terminal facilities to create capacity in Mexico so that KSU can deliver refined product from the U.S. Gulf Coast into Mexico. Volume is up between 12% and 13% year-to-date between Beaumont, Texas, and Monterrey, Mexico, as a result of rising growth in refined petroleum products.
Today we'll look at Kansas City Southern (NYSE:KSU) and reflect on its potential as an investment. Specifically, we're...
As CSX leads the industry in a new direction, Wall Street is ecstatic — but customers are pushing back against what they call abuses.
Jacksonville-based Patriot Rail and Ports has been sold to New York-based First State Investments. The deal pairs the company, a combination of the former Patriot Rail and Diversified Port Holdings, with industry notable MidRail LLC. Patriot CEO John Fenton, FSI Director of Infrastructure Investments John Ma and MidRail Chairman Gil Lamphere spoke with the Business Journal about what the acquisition means for Patriot, which operates 13 shortline railroads and 10 port terminals around the country. MidRail has a decades-long reputation in the rail industry.
Readers hoping to buy Kansas City Southern (NYSE:KSU) for its dividend will need to make their move shortly, as the...
Kansas City Southern President and Chief Executive Officer, Patrick Ottensmeyer, will address Morgan Stanley’s 7th Annual Laguna Conference at 5:00 p.m. Eastern time on Thursday, September 12, 2019.
Shares of CSX (NYSE:CSX) aren't looking good. The stock has been in decline as economic and trade-related worries continue to weigh on investor sentiment. Recent quarterly results aren't helping matters and all said, CSX stock is now down 20% from its highs.Source: Shutterstock Is it enough to draw in investors, or is the start of a nasty bear market in this rail stock?If the charts are any indication, more pain may be on the way. There is some hope left for bulls, if support can buoy the name. Or if we get some positive fundamentals news for the stock. But as it stands, the technicals are struggling.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLet's look at a few charts and see where CSX stock could be heading. Trading CSX Stock Click to EnlargeThere is a daily chart to the side and a below that is a weekly chart. Both highlight the not-so-hot setup of CSX stock price right now.As you can see on the daily chart, CSX stock has a very bearish-looking setup. After declining precipitously from $80 in mid-July, shares continue to put in a series of lower highs. That's squeezing CSX against a static level of support near $64. Should support give way, the stock will start probing the 2019 lows.CSX stock is already below all of its major moving averages and Fibonacci retracements. The 20-day is below the 50-day moving average, and the 50-day is crossing below the 200-day. This indicates that both short- and long-term momentum is turning in the bears' favor.For bulls to have a shot, they first need $63 to $64 to prove itself as support. From there, they need to get CSX over downtrend resistance (blue line) and the 20-day moving average. If they can muster up the strength for that, clearing the 61.8% retracement near $67 is next on the list.Should support fail, the year-to-date lows near $60 are the first target. Below that and the 52-week lows near $58 are next. Click to EnlargeOn the longer term chart, investors can see that CSX is teetering on its 200-week moving average. While the action hasn't been decisive, shares are actually below this mark now. This key moving average drew in buyers last December, halting CSX's decline and kickstarting a multi-month rally.The same momentum has not been seen this time around. Furthermore, long-term uptrend support (blue line) is being leaned on as well. If these levels give way, a decline to $58 is surely possible.On both charts, a rebound over $71 would be most encouraging for the bulls. Valuing CSX StockAn escalating trade war and worries about a recession do not help companies like CSX Corp. What does help CSX, Norfolk Southern (NYSE:NSC), Kansas City Southern (NYSE:KSU), Union Pacific (NYSE:UNP) and other rail companies is a strong consumer.Thankfully, that's exactly what we have. With a strong labor market and consumers who are willing to spend -- as noted by JPMorgan (NYSE:JPM), Visa (NYSE:V) and others -- demand for products remains high. Should that change, then the rails could be in trouble.Some of that fear is getting priced into the stock as we speak. With an inverting yield curve and manic headlines driving the news each day, how can investors not start to price in that possibility?Of course, it doesn't help when CSX stock fails to deliver as well. In July, the company missed on second-quarter expectations. Revenue of $3.06 billion missed estimates by more than $80 million and contracted 1.3% year-over-year. Earnings of $1.08 per share missed consensus estimates by 3 cents a share. Making matters worse, management cut its full-year revenue outlook.This came after five straight earnings and revenue beats. In Q1, CSX beat earnings estimates by more than 10% and grew revenue 4.75% year-over-year. To say Q2 was disappointing is an understatement.With additional tariffs looming, we may see some "pull ahead" from buyers in the current quarter. Further, we're coming up to Q3 and Q4, which are typically heavy demand months for consumers. If that's enough to improve the fundamentals for CSX stock, we'll need to it reflected on the charts.Over $67 give the bulls some spark. Over $71 and momentum can really pick up.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Kenwell is long V. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street The post CSX Stock Charts Point to Looming Breakdown appeared first on InvestorPlace.
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Kansas City Southern Executive Vice President and Chief Marketing Officer, Mike Naatz, will address Cowen’s 12th Annual Global Transportation Conference at 8:35 a.m.
Kansas City Southern (KCS) (KSU) announced today its schedule for the 19th annual Holiday Express train, which will stop in 20 communities in five U.S. states on 25 dates. Visitors can board the train, meet Santa and his elves and tour the inside of three cars of the festive six-car train. In addition, KCS’ Holiday Express has a charitable component.
Kansas City Southern (KSU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Kansas City Southern’s Board of Directors on August 13, 2019 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock.
Moody's Investors Service has upgraded the Port of Beaumont Navigation District, TX's outstanding revenue bond debt totaling $16.4 million to A2 from A3. Port of Beaumont Nav Dist, TX's upgrade to A2 from A3 is based on the port's sustained increase in operating revenues and debt service coverage levels, which have grown due to the revenue stream provided by Jefferson Energy Companies since 2015.
In 2016 Pat Ottensmeyer was appointed CEO of Kansas City Southern (NYSE:KSU). This report will, first, examine the CEO...
"The rail industry can automate just like any other industry," Canadian National (NYSE: CNI) chief executive officer JJ Ruest said during his company's second quarter earnings call on July 24. Using technology to bolster rail operations gives "me the ability to ask all of these new questions that I didn't even have time to consider because it just took me a long time to come up with any plan, let alone a very efficient plan," said Tom Forbes, chief executive officer of Biarri Rail, a technology firm that produces software that aids rail operations.
Due to CSX's (NYSE:CSX) earnings and revenue miss, many analysts and pundits have begun to take a more bearish view of CSX stock. With its 2019 revenues set to fall 1%-2%, according to its own estimates, CSX could face a rough ride. Also, the trade war with China and signs of an economic slowdown have weighed on CSX's freight volumes and intermodal transport business.Source: Shutterstock The low cost of rail transport has and will continue to bolster CSX's business model in the long-term. However, falling revenues and economic headwinds look positioned to derail CSX stock for the foreseeable future. * 8 of the Most Shorted Stocks in the Markets Right Now CSX Stock Price TumbledOn July 16, CSX stock price fell by more than 10% following the company's earnings. The company's earnings and revenue fell short of analysts' average expectations. Moreover, the company's guidance also came in below the average estimate. CSX expects its revenues to come in 1%-2% lower than last year's revenue of $12.25 billion or between $12 billion and $12.13 billion. The average revenue estimate had previously stood at $12.47 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe negative sentiment spread across the railroad industry. Union Pacific (NYSE:UNP), Kansas City Southern (NYSE:KSU), and Norfolk Southern (NYSE:NSC) also plunged on July 16. The sellers appear to have made the right call. Norfolk Southern's earnings subsequently came in below analysts' average estimates, while Union Pacific's top line missed the consensus outlook. The Economic Cycle Bodes Poorly for CSX StockIn a previous article,I predicted that guidance would likely determine the near-term performance of CSX stock. Since the company had already cut its revenue guidance in January, issuing lower guidance a second time destroyed the confidence many had in CSX stock.Additionally, CSX and its peers serve as a proxy for the overall economy. As InvestorPlace columnist James Brumley stated, there is now widespread concern that the economy is slowing.The Fed attempted to address this issue with a cut in interest rates recently. Before this cut, the Federal Reserve had not reduced rates since soon after the 2008 financial crisis. So far, the Fed's move has failed to rejuvenate CSX stock.CSX stock price traded above $71 per share before the cut. Since it occurred, the stock fell for the rest of the week. As of this writing, the CSX stock price now stands at about $66.50 per share.Moreover, InvestorPlace columnist Josh Enomoto points out that CSX stock dropped massively during the 2000 tech bubble and the 2008 financial crisis. During both downturns, CSX stock price lost more than two-thirds of its value. If rate cuts fail to head off an economic slowdown, I wouldn't be surprised if history repeats itself.I do not necessarily believe that the CSX stock price will fall by two-thirds again. However, it may be vulnerable enough to justify selling the equity. Traders have few reasons to ride out such a downturn. The Bottom Line on CSX StockRail remains the lowest-cost means of transporting freight. For this reason, I like the railroad industry in general, and I think CSX stock will deliver returns over the long-term.But at this stage, I see more to lose than gain by holding CSX stock at these levels. When investors sour on CSX stock, history has shown that they turn on it hard. The recent rate cut did not boost CSX stock price, and the stock began a new downward move following the news.That does not mean traders should stop paying attention to this company. I think CSX stock will be a great buy during the depths of a recession. However, in the late stages of an economic expansion, traders should stay off the tracks, since for now, CSX is much more likely to report negative news than positive metrics.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Small-Cap Stocks to Buy Before They Grow Up * 7 Stocks to Buy With Over 20% Upside From Current Levels * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post CSX Stock Will Likely Continue to Fall Amid Economic Uncertainty appeared first on InvestorPlace.
It's been kind of choppy for the start of the earnings season. Take a look at CSX Corp. (NYSE:CSX) stock. When the company reported second quarter results, the reaction was swift -- and harsh. The CSX stock price plunged by about 10%, the worst drop since the financial crisis in 2008.Source: Shutterstock As a result, other rail companies like Union Pacific Corporation (NYSE:UNP), Kansas City Southern (NYSE:KSU) and Norfolk Southern Corp. (NYSE:NSC) saw declines in their stock prices.Now there are some things to keep in mind. First of all, CSX stock is still up about 16% for the year. If anything, the past week's sell-off may have been partly an excuse to take some profits off the table.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNext, the quarterly results for CSX were not necessarily bad. The earnings came in at $1.08 per share, which was a miss of only 2 cents a share. As for the revenues, they were $3.06 billion whereas the Street was looking for $3.14 billion. * 10 Stocks to Sell for an Economic Slowdown CSX also showed more progress in realizing efficiencies. In the quarter, the operating ratio was 57.4%, down from 58.6% during the same period a year ago. The goal is to maintain a level below 60%.Yet the real problem was the guidance, which was far from inspiring. For the full-year, CSX is projecting a decline on the top-line of 1% to 2%. (Keep in mind that the prior forecast was for a 1% to 2% increase.) If that transpires, it would be the first annual decline since 2016. Puzzling BackdropIn the quarter, there was strength in categories like autos, agriculture products, minerals, fertilizers and chemicals. But the overall growth was not enough to compensate for the 10% drop in intermodal volumes. The net result: a 4% decline to 1.6 million units on a year-over-year basis. While CSX was able to raise prices, it was not enough to keep up the growth for revenues.On the earnings call, CSX CEO James Foote had this to say about the situation: "Both global and U.S. economic conditions have been unusual this year, to say the least, and have impacted our volumes. You see it every week in our reported carloads. The present economic backdrop is one of the most puzzling I have experienced in my career." * 7 Stocks Top Investors Are Buying Now Granted, he is not saying there will be a recession. Yet it does look like Foote will take a cautious approach. Interestingly enough, it is this kind of psychology that can quickly spread and lead to economic downturns. And this would certainly weigh on CSX stock, as it is highly cyclical. Bottom Line on CSX StockThis week UNP also reported its quarterly results, which beat the Street. The stock rose about 6% on the news. Yet despite this, UNP is also seeing sluggishness on the top-line, as freight revenues were off by 2%. According to CEO Lance Fritz, in an interview with Yahoo Finance: "There [are] some unique impacts that are happening to the railroad that aren't reflective of the U.S. or global economy."Yes, for the most part, the rail industry appears to be hitting a soft patch.Now, as for CSX stock, the valuation is certainly more reasonable. Note that the forward price-to-earnings multiple is about 16x. And yes, there continue to be share buybacks, with $860 million in purchases for the quarter.But then again, with the swirling uncertainty and revenue pressures, there are few catalysts right now and it would not be surprising if the stock languishes for awhile.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Is It Time for Investors to Get On Board CSX Stock? appeared first on InvestorPlace.