CSX Corp (CSX): Today's Featured Transportation Loser

CSX ( CSX) pushed the Transportation industry lower today making it today's featured Transportation loser. The industry as a whole closed the day up 0.2%. By the end of trading, CSX fell 13 cents (-0.6%) to $22.55 on light volume. Throughout the day, 5.4 million shares of CSX exchanged hands as compared to its average daily volume of 11.9 million shares. The stock ranged in price between $22.35-$22.62 after having opened the day at $22.52 as compared to the previous trading day's close of $22.68. Other company's within the Transportation industry that declined today were: Eagle Bulk Shipping ( EGLE), down 10.4%, Seanergy Maritime Holdings ( SHIP), down 6.2%, Paragon Shipping ( PRGN), down 5.8%, and Excel Maritime Carriers ( EXM), down 5.5%.

CSX Corporation, together with its subsidiaries, provides rail-based transportation services. It offers traditional rail service and the transport of intermodal containers and trailers. CSX has a market cap of $23.16 billion and is part of the services sector. The company has a P/E ratio of 12.7, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 7.7% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate CSX a buy, one analyst rates it a sell, and five rate it a hold.

TheStreet Ratings rates CSX as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the positive front, Con-way ( CNW), up 12.9%, Diana Containerships ( DCIX), up 10.4%, TOP Ships ( TOPS), up 8.8%, and Celadon Group ( CGI), up 6.6%, were all gainers within the transportation industry with CH Robinson Worldwide ( CHRW) being today's featured transportation industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation ( IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials ( SIJ).

If you liked this article you might like

First Leg Down of United Tech; Hurricanes -- Jim Cramer's Top Thoughts

Cramer: Hurricanes Will Break the Decline of the Auto and Housing Industries

Trifecta Stocks: Bracing for the Stock Market's Own Hurricane Season

Detours Don't Deter Transports

Stocks Gain After Trump Agrees With Democrats on Debt Ceiling Deal