This is our first report on CSX, one of the largest providers of rail-based freight transportation services in the United States. The company delivered strong third-quarter results and managed to surpass Wall Street expectations on all fronts. The management has made great strides in its transition over the past few years and focused on presenting rail as not only a cost effective but also an environmentally friendly freight alternative. Their competitive advantages should encourage more CSX rail shipping from their clients, but they still need to concentrate on making this happen. Additionally, as operations returned to normal, the company reopened a portion of their Curtis Bay terminal. As restrictions are easing, the demand is still robust, and the company sees a chance to shift more volume. They are also making progress in their efforts to help their clients with ESG solutions. Overall, we initiate coverage on the stock of CSX Corporation with a ‘Hold’ rating.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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