Extremely important positive changes in investment behavior have recently occurred for 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). Slight positive changes in fundamentals have recently occurred: 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 (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CSX has a slightly negative Appreciation Score of 36 but a slightly positive Power Rating of 61, resulting in the Neutral Value Trend Rating.
Recent Price Action
On 7/16/24, CSX Corp (NASDAQ: CSX) stock enjoyed a large increase of 2.1%, closing at $35.33. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 5.8% during the last week.
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