Recent exceptional positive changes in investment behavior have benefitted CSX Corp (NASDAQ: CSX): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
CSX Corp (NASDAQ: CSX) has benefited from marginal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CSX is expected to continue to be a major Value Builder.
CSX has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. CSX has a slightly negative Appreciation Score of 35 and a neutral Power Rating of 50, leading to the Low Neutral Value Trend Rating.
Recent Price Action
On 8/1/24, CSX Corp (NASDAQ: CSX) stock declined slightly by -0.9%, closing at $34.77. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 4.7% during the last week.
Be the first to comment