Railroads

Railroad operators have reported slight improvement in the overall volume trend across the board, along with intermodal growth, Bernstein said as part of its weekly carload summary. Lead analyst David Vernon noted the 4W average volume growth is 1–4 percent higher than the 13W average growth...

Rail pricing issues led Union Pacific Corporation (NYSE: UNP) to report an unexpected third-quarter earnings miss. However, Morgan Stanley reiterated its Overweight rating on the stock as it believes the pricing is an issue impacting the entire rail sector and not cyclical. The company reported...

Barclays continues to recommend long-term ownership of Canadian Pacific Railway Limited (USA) (NYSE: CP), terming the recent guidance cut as a “rare stumbling block” given the company’s remarkable transformation in the past four years. Barclays noted that Canadian Pacific offers...

Rail earnings season is in mid-swing. So far, the railroad stocks that have already reported earnings have mostly disappointed the market. Here’s a look at the Q3 numbers so far and a preview of what to look for from the remaining rail reports. Canadian National Railway (USA) (NYSE: CNI)...

BMO Capital Markets has maintained its Market Perform and $98 price target on Kansas City Southern (NYSE: KSU), saying the company has a better volume visibility versus class 1 peers heading into 2017 despite higher costs driving a third-quarter earnings miss. The company’s third-quarter EPS...

Mark Levin of Seaport Global has begun coverage of Kansas City Southern (NYSE: KSU) with an Accumulate rating and target price of $104 on expected volume growth in the fourth quarter and first half of 2017, while noting that shares are attractive at current levels. Good Times Ahead The analyst also...

On Wednesday, railroad firms participated in a couple of conferences, hosted by Cowen & Co. and RBC Capital Markets. As a result, five stocks within the sector were analyzed by Loop Capital Markets, four Hold-rated and one rated at Buy. 4 At Hold CSX Corporation (NASDAQ: CSX): The company sees...

CSX Corporation (NASDAQ: CSX)'s executive vice president and chief financial officer, Frank Lonegro, warned investors that the volume is expected to drop by high single digit on a year-over-year basis in the third quarter. However, the company indicated that its efficiency continued to gain...

The operational metrics of CSX Corporation (NASDAQ: CSX) since the 2014 capacity crunch have lagged other railroads, Loop Capital said, while maintaining its Hold rating and raising the price target by $1 to $31. Loop Capital said CSX's year-to-date average train speed is 9 percent below its 2013...

The Federal Communication Commission ordered Canadian Pacific Railway Limited (USA) (NYSE: CP) to pay a fine of $1.21 million for violations regarding wireless radios. In 2015, Canadian Pacific's internal audit revealed it has not complied with FCC licensing regulations. The probe revealed that the...

The rail sector is often ignored by investors given the complexity of the industry. However, this may prove to be a mistake, as the sector could offer attractive returns. Loop Capital Markets initiated coverage of the rail sector On August 1 with a mostly Neutral stance. Analysts slapped Hold...

The 2016 Citi Industrials Conference took place this week, and analyst Christian Wetherbee released a series of new notes with takeaways from the conference and commentary on a number of railway stocks. Here’s a look at what he had to say. Kansas City Southern (NYSE: KSU): Wetherbee saw CFO...

Shares of CSX Corporation (NASDAQ: CSX) gained more than 3 percent early Wednesday morning after the company reported its first-quarter results Tuesday. CSX said it earned $0.37 per share in the first quarter on revenue of $2.618 billion. Wall Street analysts were expecting the company to earn $0....