Forecast Of The Day: CSX Total Carloads of Merchandise Commodities

by Trefis Team
+12.09%
Upside
32.15
Market
36.04
Trefis
CSX
CSX Corporation
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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?

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.

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