Forecast Of The Day: CSX Total Carloads of Merchandise Commodities
What?
Trefis expects CSX (NASDAQ:CSX) Total Carloads of Merchandise Commodities to increase from 2.53 million in 2020 to 2.74 million in 2021 and 2.83 million in 2022. Merchandise Freight consists of the transportation of chemicals & petroleum products, metals & equipment, minerals, fertilizers, forest products, agricultural & food products, and automobiles.
Why?
- What’s Next For CSX Stock After A 12% Rise Last Year?
- What Next For CSX Stock After A 19% Fall In Q3 Earnings?
- Should You Pick Humana Over CSX Stock For The Next Three Years?
- CSX’s Top Line To Decline In Q2?
- Will CSX Stock Recover To Its Pre-Inflation Shock Level?
- Here’s What To Expect From CSX’s Q1
Freight demand has historically been correlated to U.S. GDP and we expect the economic rebound following Covid-19 to drive volume growth for the company.
So What?
CSX stock has almost doubled from its March 2020 lows of about $50 per share and now trades at near all-time highs. We think the stock has room for further gains, as volumes continue to pick up.
See Our Complete Analysis For CSX
While we think Apple stock looks slightly undervalued, it is helpful to know how its peers stack up. CSX Stock Comparison With Peers summarizes how CSX compares against peers on metrics that matter. You can find more useful comparisons on Peer Comparisons.
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams