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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

CSX ( CSX) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day down 0.8%. By the end of trading, CSX fell $0.33 (-1.2%) to $26.42 on average volume. Throughout the day, 6,363,308 shares of CSX exchanged hands as compared to its average daily volume of 6,592,100 shares. The stock ranged in price between $26.33-$26.87 after having opened the day at $26.80 as compared to the previous trading day's close of $26.75. Other companies within the Transportation industry that declined today were: Sino-Global Shipping America ( SINO), down 15.6%, Frontline ( FRO), down 13.9%, China Metro-Rural Holdings ( CNR), down 10.6% and Radiant Logistics ( RLGT), down 9.7%.

CSX Corporation, together with its subsidiaries, provides rail-based transportation services. It offers traditional rail services, and transports intermodal containers and trailers. CSX has a market cap of $26.7 billion and is part of the services sector. Shares are up 35.3% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate CSX a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates CSX as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, revenue growth, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Seanergy Maritime Holdings ( SHIP), up 22.2%, Newlead Holdings ( NEWL), up 15.2%, Covenant Transportation Group ( CVTI), up 5.3% and FreeSeas ( FREE), up 5.2%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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