CSX Railway
CSX stock moved to 'top pick' at UBS PDF Print E-mail
Written by Scott Deveau - the National Post   
Thursday, 28 May 2025 11:49
OTTAWA — The lingering misconception of mismanagement at CSX Corp. is the only plausible explanation for why the railway is trading at a discount to its peers, according to UBS analyst Rick Paterson.

Based on its current valuation, the Jacksonville, Fla.-based railroad trades at 22% price-earnings ratio discount to other top-tier rails. But with stronger pricing power and more room than its peers for margin improvement, Mr. Paterson has a “buy” rating on the stock and a $51 price target.

CSX was trading at $29.98 a share as of 10:16 a.m. on the New York Stock Exchange Tuesday.

“The only pushback we get on CSX relative to the group remains the “poor management” criticism. Four or five years ago that was probably true, but we think those days are long gone and (mis)perception is lagging reality. These guys know what they’re doing,” Mr. Paterson said.

“If anything, we believe CSX deserves a premium to the group, not a discount,” he added.

As such, Mr. Paterson moved CSX to his top pick Tuesday, replacing Union Pacific, based on its current valuation and its short term opportunities.

He also noted he still prefers Canadian National Railway Co. to Canadian Pacific Railway Ltd. in Canada.
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Last Updated on Thursday, 28 May 2025 11:51
 
Small fires reported at CSX yard in Syracuse PDF Print E-mail
Written by Aaron Gifford - The Post-Standard website   
Friday, 22 May 2025 09:16
EAST SYRACUSE, N.Y. — No injuries were reported after several small fires ignited below a row of tanker cars early this morning at the CSX yard in East Syracuse, firefighters reported.

The fires were reported at 3:54 a.m. and extinguished within a few seconds, said East Syracuse Fire Chief Michael Cramer.

The flames originated on oil absorbent pads underneath the cars, though there was no indication that any of the cars had leaks.

"It's fairly unusual," Cramer said.

The cause is labeled undetermined at this point, Cramer said.

Onondaga County fire officials are still investigating the incident.
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Last Updated on Monday, 25 May 2025 22:51
 
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