With a market cap of around $60 billion, CSX Corporation (CSX) is a leading U.S.-based transportation company providing rail-based freight services across the United States and Canada. Operating through its primary subsidiary CSX Transportation, the company manages a rail network spanning approximately 20,000 route miles and serves 26 states, the District of Columbia, and parts of Canada. 

Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and CSX  fits this criterion perfectly. CSX transports a wide range of goods including intermodal containers, coal, chemicals, and agricultural products, while also offering services like rail-to-truck transfers, drayage, and real estate management.

Shares of the Jacksonville, Florida-based company have decreased 14.5% from its 52-week high of $37.10. CSX’s shares have risen 2.6% over the past three months, underperforming the Industrial Select Sector SPDR Fund’s (XLI) 7.4% gain over the same time frame. 

In the longer term, CSX stock is down 1.7% on a YTD basis, lagging behind XLI’s 9.1% increase. In addition, shares of CSX Corporation have declined 4.1% over the past 52 weeks, compared to XLI’s nearly 17% return over the same time frame.

CSX stock has been trading below its 50-day and 200-day moving averages since December last year. But, it climbed above the 50-day average in early May.

CSX Corporation reported disappointing Q1 2025 results on Apr. 16, with earnings per share of $0.34 missing the consensus estimate and declining 26% year-over-year. Revenue also fell short at $3.4 billion, down 7% year over year, driven by a 27% drop in coal revenues, 6% decline in trucking, and 20% fall in other revenues. But shares of CSX rose 1.2% the next day.

CSX has performed better than its rival, Union Pacific Corporation (UNP), which dropped 3.4% on a YTD basis. However, shares of UNP have fallen 3.2% over the past 52 weeks, a less pronounced decline than CSX. 

Despite the stock’s underperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from 25 analysts' coverage, and as of writing, CSX is trading below the mean price target of $32.42.