CSX (CSX) Stock Rated 'Underperform' at CLSA

NEW YORK (TheStreet) -- Shares of CSX (CSX) - Get Report are down 0.95% to $25.50 Thursday afternoon as CLSA Americas rated the stock "underperform" with a $27 price target.

The firm's decision comes after the rail-based transportation company, headquartered in Jacksonville, FL, announced it would see its first full-year earnings decline since the recession.

"We are seeing year-to-date volume declines across most of our markets, reflecting continued low global commodity prices, the strong U.S. dollar and the transition in the energy markets," CSX's Frank Lonegro, executive VP and CFO, said at the company's Bank of America/Merrill Lynch Transportation Conference on Wednesday.

CSX now expects 2016 second quarter high-single digit volume declines, in coal especially, versus previous estimates of a mid- to high-single digit decline in volume, Lonegro stated.

Separately, TheStreet Ratings rated this stock as a "buy" with a score of B-.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon.

Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

This is driven by multiple strengths, which TheStreet Ratings believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks that are covered.

The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins.

TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: CSX