7 Transportation Stocks That Can Keep Your Portfolio Moving Forward - 2 of 7

#2 - CSX Corporation (NASDAQ:CSX)

The bullish case for CSX Corporation (NASDAQ:CSX) is nearly identical to that of Union Pacific. However, whereas Union Pacific largely operates on the West Coast, CSX operates nearly 20,000 miles of track on the East Coast.

A more salient distinction may be that Union Pacific received largely bullish analyst reviews after it reported earnings. The opposite was true of CSX. However, in March the Royal Bank of Canada issued a bullish upgrade on CSX and they downgraded UNP. That may be an interesting coincidence to bring up at a dinner party (or not), but here’s something more substantial. In the last 12 months, institutional buying has outpaced selling by nearly a 7:1 margin. Most of that buying occurred in the second quarter, but that simply means institutions are holding their shares.

CSX stock is finding strong resistance around its 52-week high. At a time when investor caution is elevated, many eyes will be on the company’s earnings report in April. If CXS can show investors that its precision scheduling model is continuing to lower costs, there could be upgrades in the stock’s future which would be bullish for investors.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities. Read More 

Current Price

$34.84

Consensus Rating

Moderate Buy

Ratings Breakdown

14 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$37.28 (7.0% Upside)