Railroads Stock Performance Review -- CSX Corp., Canadian Pacific Railway, Greenbrier Cos., and Genesee & Wyoming
Aug 18, 2017, 06:40 ET
NEW YORK, August 18, 2017 /PRNewswire/ --
If you want a Stock Review on CSX, CP, GBX, or GWR then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Zacks reported that the Railroads sector's attractive valuation, an improving economy, President Trump's pro-coal stance, improvement in intermodal volumes, and other positives are reasons to believe that, despite some headwinds, good times will continue for railroads stocks over the next few months. Today, DailyStockTracker.com has issued research reports on CSX Corp. (NASDAQ: CSX), Canadian Pacific Railway Ltd (NYSE: CP), The Greenbrier Cos. Inc. (NYSE: GBX), and Genesee & Wyoming Inc. (NYSE: GWR). These free stocks reports are currently available on DailyStockTracker.com. Simply sign up for your complimentary member access at: http://dailystocktracker.com/register/
Jacksonville, Florida-based CSX Corp.'s stock finished Thursday's session 2.98% lower at $48.88 with a total trading volume of 7.33 million shares. The Company's shares have gained 36.04% since the start of this year. The stock is trading above its 200-day moving average by 5.84%. 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 40.39.
On July 24th, 2017, research firm Stifel reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $50 a share to $57 a share.
On August 16th, 2017, CSX Corp. announced that it will host its 2017 Analyst and Investor Conference on October 29th, 2017, to October 30th, 2017, at The Breakers in Palm Beach, Florida. During the conference, President and CEO E. Hunter Harrison and members of the senior management team will outline how Precision Scheduled Railroading will positively transform the Company's operations, improve customer service, and drive long-term value creation for shareholders. Your complete research report on CSX can be retrieved for free at: http://dailystocktracker.com/registration/?symbol=CSX
Canadian Pacific Railway
Shares in Calgary, Canada headquartered Canadian Pacific Railway Ltd declined 1.36%, ending yesterday's session at $152.00 with a total trading volume of 564,113 shares. The stock has gained 6.46% on an YTD basis. The Company's shares are trading 0.09% above their 200-day moving average. Moreover, shares of Canadian Pacific Railway, which together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the US, have an RSI of 36.13.
On July 20th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock.
On August 14th, 2017, Canadian Pacific Railway announced the launch of the most direct rail transportation service between Vancouver and Detroit, a service that extends the Company's reach and increases optionality and access to key markets for shippers. By leveraging the Company's newest transload facility in Vancouver and its innovative live-lift operation at Portal, North Dakota to accelerate cross-border shipments, this new service can cut transit times from the West Coast to Detroit by as much as 48 hours. A free report on CP is just a click away at: http://dailystocktracker.com/registration/?symbol=CP
On Thursday, Lake Oswego, Oregon headquartered The Greenbrier Cos. Inc.'s stock saw a drop of 2.85%, to close the day at $44.35. A total volume of 285,875 shares was traded. The Company's shares have advanced 2.07% in the previous three months and 6.74% on an YTD basis. The stock is trading 2.11% above its 200-day moving average. Additionally, shares of Greenbrier, which designs, manufactures, and markets railroad freight car equipment in North America and Europe, have an RSI of 42.15. Sign up for your complimentary research report on GBX at: http://dailystocktracker.com/registration/?symbol=GBX
Genesee & Wyoming
Shares in Darien, Connecticut headquartered Genesee & Wyoming Inc. ended the day 2.32% lower at $65.66. A total volume of 391,294 shares was traded. The stock has gained 4.39% in the previous three months. The Company's shares are trading below their 50-day moving average by 1.95%. Furthermore, shares of the Company, which owns and leases freight railroads, have an RSI of 45.50.
On August 01st, 2017, Genesee & Wyoming reported results for Q2 2017. For Q2 2017, operating revenues were $540.4 million; net income was $46.0 million; and diluted EPS was $0.74. The segment's highlights for the quarter included: operating revenues of $315.7 million from the Company's North American operations; operating revenues of $76.8 million from its Australian operations; and operating revenues of $148.0 million from its UK/European operations. Register for free on DailyStockTracker.com and download the latest research report on GWR at: http://dailystocktracker.com/registration/?symbol=GWR
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