Services Stocks Technical Commentary -- CSX Corp., Union Pacific, Greenbrier, and Seaspan

Jul 29, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, July 29, 2016 /PRNewswire/ --

Growth and performance of the Services sector varies from region to region given its huge scope. Investors trading stocks in this space should take economic conditions and demographics into consideration in order to spot opportunities. takes a look at this morning's picks:  CSX Corp. (NASDAQ: CSX), Union Pacific Corp. (NYSE: UNP), The Greenbrier Cos. Inc. (NYSE: GBX), and Seaspan Corp. (NYSE: SSW). Learn more about these stocks by accessing their free notes at:

CSX Corp. 

On Thursday, shares in Jacksonville, Florida-based CSX Corp. recorded a trading volume of 4.74 million shares. The stock ended the day at $28.35, climbing 0.50%. The Company's shares have gained 12.95% in the last one month, 4.31% over the previous three months, and 10.83% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.31% and 10.12%, respectively. Furthermore, shares of CSX, which together with its subsidiaries, provides rail-based transportation services in the U.S. and Canada, have a Relative Strength Index (RSI) of 58.81.

On July 15th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating with an increase of the target price to $32 a share from $30 a share for the Company's stock.

On July 26th, 2016, CSX has given notice of its intention to redeem its outstanding Zero Coupon Convertible Debentures due October 30th, 2021 on August 26th, 2016. As of June 30th, 2016, there was approximately $863,000 aggregate principal amount at maturity of the Debentures outstanding. The Debentures will be redeemed at a redemption price of $992 per $1,000 principal amount at maturity. CSX complete notes are just a click away at:

Union Pacific  

Omaha, Nebraska headquartered Union Pacific Corp.'s stock finished yesterday's session 1.58% higher at $93.08 and with a total volume of 3.10 million shares traded. The Company's shares have gained 9.76% in the last one month, 5.87% over the previous three months, and 20.65% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.18% and 13.13%, respectively. Furthermore, shares of Union Pacific, which through its subsidiary, Union Pacific Railroad Company, operates railroads in the U.S., have an RSI of 59.29.

On July 20th, 2016, research firm Deutsche Bank upgraded the Company's stock ratings from 'Buy' to 'Hold', issuing a target price of $94 a share.

On July 21st, 2016, Union Pacific reported 2016 second quarter net income of nearly $1.0 billion, or $1.17 per diluted share compared to about $1.2 billion, or $1.38 per diluted share, in the second quarter 2015. The company reported Operating ratio of 65.2%, up 1.1 points. The complimentary notes on UNP can be accessed at:

The Greenbrier  

At the closing bell on Thursday, shares in Lake Oswego, Oregon headquartered The Greenbrier Cos. Inc. saw a drop of 1.08%, ending the day at $31.21. The stock recorded a trading volume of 311,116 shares. The Company's shares have advanced 15.13% in the last one month and 4.07% in the previous three months. The stock is trading 6.91% above its 50-day moving average and 7.22% above its 200-day moving average. Moreover, shares of The Greenbrier Cos., which designs, manufactures, and markets railroad freight car equipment in North America and Europe, have an RSI of 54.64.

On July 06th, 2016, Greenbrier, reported third quarter financial results. Net earnings attributable to Greenbrier for the quarter were $35.4 million, or $1.12 per diluted share, on revenue of $612.9 million. Net debt was reduced by over $21 million during the quarter. New railcar backlog as of May 31, 2016 was 31,200 units with an estimated value of $3.6 billion.

On July 07th, 2016, research firm Cowen reiterated its 'Outperform' rating with a decrease of the target price to $35 a share from $37 a share for the Company's stock. Sign up for your complimentary notes on GBX at:


Majuro, Marshall Islands-based Seaspan Corp.'s stock ended the day 0.66% lower at $14.99 and with a total volume of 320,255 shares traded. The Company's shares have gained 11.22% in the last month and 1.81% on an YTD basis. The stock is trading 2.94% above its 50-day moving average. Additionally, shares of Seaspan, which operates as an independent charter owner and manager of containerships in Hong Kong, have an RSI of 60.33.

On June 29th, 2016, Seaspan announced that it has acquired two newbuilding 11000 TEU vessels from Greater China Intermodal Investments LLC for $195.6 million. These vessels will commence 17-year bareboat charters with MSC Mediterranean Shipping Company S.A., producing annual cash receipts of approximately $17.7 million in the first full year of operation.

On April 1st, 2016, research firm Barclays downgraded the Company's stock ratings from 'Equal Weight' to 'Underweight' with a decrease of the target price to $14 a share from $15 a share. Get free access to your notes on SSW at:


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