CSX Corporation has announced that their Q4 earnings have dropped due to an operating income fall 16% to $1.11B. This was a result of an impairment charge which saw their stock price target lowered from $34 to $33 at
RBC Capital. Coal shipments on CSX for 2024 saw earnings decrease by 5%, but they are still targeting export markets. Despite a ROE of 28%, which usually is impressive, analysts have downgraded their rating due to near-term earnings weakness. In light of this,
JPMorgan Chase & Co. has set a new price target of $37.00. However, CSX stock still holds potential for investors as a monthly $500 income can be earned. Yet, concerns arise regarding the company's performance with reports indicating that their earnings for Q4 declined. Strategic growth, while pursued, is challenged by headwinds. There also have been concerns about possible safety violations leading to legal issues for CSX. However, the company's labor deals have been ratified and there are plans for positive adjustment in their legal organization.
Csx Corporation CSX News Analytics from Mon, 08 Jul 2024 07:00:00 GMT to Sat, 25 Jan 2025 17:57:50 GMT -
Rating -7
- Innovation -2
- Information -3
- Rumor -7
