CSX traded at $50.90 this Friday October 23rd, decreasing $0.77 or 1.49 percent since the previous trading session. Looking back, over the last four weeks, CSX lost 8.41 percent. Over the last 12 months, its price rose by 40.88 percent. Looking ahead, we forecast CSX to be priced at 47.65 by the end of this quarter and at 44.70 in one year, according to Trading Economics global macro models projections and analysts expectations.
CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. The Company categorizes its products into primary lines of business such as merchandise, intermodal and coal. The Company's intermodal business links customers to railroads through trucks and terminals. The Company's merchandise business consists of shipments in markets, such as agricultural and food products, automotive, minerals, forest products, metals and equipment, and fertilizers. The Company transports domestic coal, coke and iron ore to electricity-generating power plants, steel manufacturers and industrial plants, as well as export coal to deep-water port facilities.