NEW YORK, December 1, 2016 /PRNewswire/ --
Stock-Callers.com revisits the U.S. Railroads industry, which has experienced heavy declines in revenue both in 2015 and 2016. In the coming years, however, an improved labor market and increased consumer spending are expected to boost demand for rail transportation and services. Today, four equities have been lined up for review: CSX Corp. (NASDAQ: CSX), Union Pacific Corp. (NYSE: UNP), Trinity Industries Inc. (NYSE: TRN), and Norfolk Southern Corp. (NYSE: NSC). Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration
Jacksonville, Florida-based CSX Corp.'s shares gained 2.90%, closing Wednesday's trading session at $35.81. The stock recorded a trading volume of 11.32 million shares, which was above its three months average volume of 8.41 million shares. Shares of the Company, which together with its subsidiaries, provides rail-based transportation services in the US and Canada, have advanced 17.97% in the last month, 27.28% in the previous three months, and 41.62% on an YTD basis. The stock is trading 13.73% and 29.62% above its 50-day and 200-day moving averages, respectively. Additionally, shares of CSX have a Relative Strength Index (RSI) of 75.92.
On November 02nd, 2016, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, issuing a target price of $36 per share.
On November 30th, 2016, CSX's Executive Vice President and CFO Frank Lonegro updated investors regarding the company's expectations for Q4 earnings per share and volume. With macroeconomic headwinds moderating, Lonegro indicated that total volume is now expected to decline in the low-to-mid single digit range on a comparable 13-week basis, and expected to be flat to slightly up including the extra week that is part of CSX's 2016 accounting year. Free research report on CSX is available at: http://stock-callers.com/registration/?symbol=CSX
On Wednesday, shares in Omaha, Nebraska headquartered Union Pacific Corp. recorded a trading volume of 6.19 million shares, which was above their three months average volume of 4.06 million shares. The stock rose 0.76%, ending the day at $101.33. The Company's shares have advanced 15.60% in the last month, 6.70% over the previous three months, and 32.90% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.06% and 15.26%, respectively. Furthermore, shares of Union Pacific, which through its subsidiary, Union Pacific Railroad Company, operates railroads in the US, have an RSI of 69.02.
On November 02nd, 2016, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, issuing a target price of $110 per share.
On November 17th, 2016, Union Pacific appointed Eric Butler Executive Vice President and Chief Administrative Officer, and Beth Whited Executive Vice President and Chief Marketing Officer. Butler succeeds long-time Union Pacific executive Diane Duren, who announced she will retire in February after 32 years of service. The complimentary research report on UNP can be downloaded at: http://stock-callers.com/registration/?symbol=UNP
Dallas, Texas headquartered Trinity Industries Inc.'s stock finished the day 3.08% higher at $27.79. A total volume of 1.91 million shares was traded, which was above their three months average volume of 1.59 million shares. The Company's shares have surged 30.16% in the last one month, 14.34% in the previous three months, and 18.16% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 15.35% and 33.73%, respectively. Additionally, shares of Trinity Industries, which provides various products and services for the energy, transportation, chemical, and construction sectors in the US and internationally, have an RSI of 69.96.
Yesterday, research firm Stifel reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $19 a share to $22 a share. Visit us today and access our complete research report on TRN at: http://stock-callers.com/registration/?symbol=TRN
Shares in Norfolk, Virginia-based Norfolk Southern Corp. ended yesterday's session 2.00% higher at $106.46. The stock recorded a trading volume of 3.34 million shares, which was higher than its three months average volume of 1.74 million shares. The Company's shares have advanced 15.22% in the last one month, 14.11% in the previous three months, and 29.52% since the start of this year. The stock is trading 10.60% and 21.75% above its 50-day and 200-day moving averages, respectively. Moreover, 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 73.43.
On November 02nd, 2016, research firm Argus upgraded the Company's stock rating from 'Hold' to 'Buy'.
On November 28th, 2016, Norfolk Southern announced that Mitchell E. Daniels Jr. and Marcela E. Donadio have been elected directors of the company, effective November 28, 2016. Daniels, 67, has been president of Purdue University since 2013. Donadio, 62, is a director and retired partner of Ernst & Young. Get free access to your research report on NSC at: http://stock-callers.com/registration/?symbol=NSC
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