Forecast Of The Day: CSX’s Total Carloads of Coal

by Trefis Team
+5.53%
Upside
35.25
Market
37.20
Trefis
CSX
CSX Corporation
Rate   |   votes   |   Share

What?

CSX’s (NYSE:CSX) Total Carloads of Coal declined from around 843,000 in 2019 to about 637,000 in 2020. Trefis expects the metric to recover to around 733,000 in 2021 and to about 762,000 in 2022.

Why?

While CSX’s coal transportation volumes have shown a declining trend in recent years due to the shift towards cleaner energy sources, they saw a sharp drop in 2020 due to the impact of Covid-19.

So What?

We think the recovery is largely priced into CSX stock. We value CSX at about $37 per share, roughly in line with the current market price.

See Our Complete Analysis For CSX

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates
Rate   |   votes   |   Share

Comments

Name (Required)
Email (Required, but never displayed)
Be the first to comment!