Trump announces trade deal with EU following months of negotiations
CSX Corporation (NASDAQ:CSX)’s stock has hit a 52-week low, dropping to $28.9 as the transportation sector faces headwinds. With a market capitalization of $56.35 billion and a P/E ratio of 16.55, InvestingPro analysis suggests the stock is currently undervalued. The decline marks a significant shift from the company’s performance over the past year, with CSX Corp experiencing a 1-year change of -17.66%. Investors are closely monitoring the stock as it navigates through the current economic landscape, which has been tough on the industry as a whole. The 52-week low serves as a critical point of interest for those looking to gauge the company’s resilience and potential for recovery in the coming months. Analysts maintain a positive outlook with price targets ranging from $28 to $42, while the company offers a 1.75% dividend yield. InvestingPro subscribers can access 10+ additional exclusive insights about CSX’s financial health and market position.
In other recent news, CSX Corporation has announced a tentative five-year collective bargaining agreement with the International Brotherhood of Boilermakers, pending member ratification. This agreement is part of CSX’s ongoing efforts to enhance working conditions and benefits for its workforce. Meanwhile, CSX has completed a public offering of $600 million in 5.05% notes due in 2035, aimed at managing its capital structure and funding future investments. Analyst activity around CSX includes UBS lowering its price target to $36 while maintaining a Buy rating, and Benchmark reaffirming a Buy rating with a $38 target. UBS has also revised its 2025 earnings per share (EPS) estimate for CSX from $1.83 to $1.71, citing challenges such as lower coal pricing and increased rerouting expenses. BofA Securities adjusted its price target to $33, keeping a Neutral rating, after noting a decline in carload growth performance. CSX’s carload volumes have faced setbacks, particularly in coal and automotive segments, though intermodal and fertilizer volumes showed some positive trends. The company continues to navigate operational challenges, including disruptions from infrastructure projects and weather-related impacts.
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