Here's Why CSX (CSX) is a Strong Growth Stock

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

CSX (CSX)

CSX Corporation is one of United States’ leading transportation companies. The company, based in Jacksonville, Fl, offers rail-based freight transportation services like traditional rail service, transport of intermodal containers and trailers apart from rail-to- truck transfers.

CSX boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 16.7% year-over-year for 2022, while Wall Street anticipates its top line to improve by 14.4%.

Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.05 to $1.82 per share. CSX boasts an average earnings surprise of 6.6%.

On a historic basis, CSX has generated cash flow growth of 10.3%, and is expected to report cash flow expansion of 17.7% this year.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, CSX should be on investors' short lists.

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