NEW YORK, January 4, 2017 /PRNewswire/ --
Stock-Callers.com revisits the Railroads industry which is expected to face a host of changes in the upcoming quarters. As per a Zacks' report, some of the main factors that will influence the performance of companies in this category would be higher oil prices, policies following the US election, possibility of a slight improvement in coal consumption, regulatory challenges, safety concerns, development initiatives and improvements, pricing, and capital expenditure. Equities to assess are: CSX Corp. (NASDAQ: CSX), Union Pacific Corp. (NYSE: UNP), Norfolk Southern Corp. (NYSE: NSC), and Kansas City Southern (NYSE: KSU). Learn more about these stocks by accessing their free research reports at:
Florida-based CSX Corp.'s shares saw a slight decline of 0.11%, finishing Tuesday's trading session at $35.89. A total volume of 6.54 million shares was traded. In the previous three months, the stock has advanced 18.55%. The Company's shares are trading above their 50-day and 200-day moving averages by 4.68% and 24.00%, respectively. Moreover, shares of CSX Corp., which together with its subsidiaries, provides rail-based transportation services in the US and Canada, have a Relative Strength Index (RSI) of 53.21.
On December 23rd, 2016, CSX announced the on-time completion of the first phase of the new Virginia Avenue Tunnel project in Washington, D.C., clearing the way for trains to transport double-stacked intermodal freight between Mid-Atlantic seaports and the Midwest on CSX's railroad network. The Virginia Avenue Tunnel is the last of 61 clearance projects that comprise the $850 million National Gateway Initiative, an innovative public-private partnership announced in 2008 to create more-efficient pathways for rail freight between key US markets through investment in critical transportation infrastructure. Free research report on CSX is available at:
On Tuesday, shares in Nebraska headquartered Union Pacific Corp. recorded a trading volume of 3.82 million shares, and ended the session 1.12% lower at $102.52. The stock has gained 5.94% in the previous three months. The Company's shares are trading 4.26% above their 50-day moving average and 12.99% above their 200-day moving average. Furthermore, shares of Union Pacific, which through its subsidiary, Union Pacific Railroad Company, operates railroads in the US, have an RSI of 52.56.
On December 14th, 2016, Union Pacific announced that it will broadcast is Q4 2016 earnings release presentation live over the Internet and via teleconference on January 19th, 2017, at 8:45 a.m. ET. The complimentary research report on UNP can be downloaded at:
Shares in Virginia-based Norfolk Southern Corp. closed at $106.99, down 1.00% from the last trading session. The stock recorded a trading volume of 1.76 million shares. The Company's shares have advanced 0.15% in the last one month and 11.12% over the previous three months. The stock is trading 4.57% and 17.46% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Norfolk Southern, which together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods, have an RSI of 54.76.
On December 20th, 2016, Pan Am Southern LLC (PAS), a joint venture between Pan Am Railways and Norfolk Southern, and Pan Am Railways (PAR) served default and dispute notices concerning important operational safety agreements with the Massachusetts Bay Transit Authority (MBTA). The companies stated that a 2014 agreement between the two railroads and MBTA was intended to enable a Positive Train Control (PTC) system to be in place by the federal deadline of December 31st, 2018. This safety system would be compliant with federal law and appropriate to the joint passenger and freight rail services conducted over the eastern Massachusetts area. In the notices, PAS and PAR report that MBTA has disavowed the 2014 agreement, raising questions about the three railroads' ability to implement PTC on Boston-area rail lines by the federal deadline. Visit us today and access our complete research report on NSC at:
Kansas City Southern
At the closing bell yesterday, shares in Missouri headquartered Kansas City Southern ended 4.75% lower at $80.82. A total volume of 2.92 million shares was traded, which was above their three months average volume of 1.82 million shares. The stock is trading below its 50-day moving average by 6.51%. Furthermore, shares of Kansas City Southern, which through its subsidiaries, provides freight rail transportation services, have an RSI of 33.70.
On November 11th, 2016, Kansas City Southern's Board of Directors declared a regular dividend of $0.33 per share on the Company's outstanding common stock. This dividend is payable on January 18th, 2017, to common stockholders of record at the close of business on December 30th, 2016.
On December 16th, 2016, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $94 a share to $96 a share. Get free access to your research report on KSU at:
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