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MarketScreener Homepage  >  Equities  >  Nasdaq  >  CSX Corporation    CSX

CSX CORPORATION

(CSX)
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CSX : Agrees to Acquire New England's Pan Am Railways

11/30/2020 | 05:06pm EST

By Stephen Nakrosis

CSX Corp. said Monday it agreed to acquire New England's Pan Am Railways, Inc.

CSX said Pan Am's rail carrier subsidiaries "comprise North America's largest regional railroad."

Pan Am owns and operates a nearly 1,200-mile rail network and also holds a partial interest in the Pan Am Southern system, CSX said.

The deal will expand CSX's reach into Connecticut, New York and Massachusetts and add Vermont, New Hampshire and Maine to its network, the company said.

James M. Foote, CSX's president and chief executive, said, "In Pan Am, CSX gains a strong regional rail network in one of the most densely populated markets in the U.S., creating new efficiencies and market opportunities for customers as we continue to grow."

Financial terms of the deal weren't disclosed.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

11-30-20 1705ET

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Financials (USD)
Sales 2020 10 540 M - -
Net income 2020 2 767 M - -
Net Debt 2020 14 226 M - -
P/E ratio 2020 25,5x
Yield 2020 1,13%
Capitalization 71 445 M 71 445 M -
EV / Sales 2020 8,13x
EV / Sales 2021 7,53x
Nbr of Employees 19 000
Free-Float 99,9%
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Technical analysis trends CSX CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 97,15 $
Last Close Price 93,42 $
Spread / Highest target 22,0%
Spread / Average Target 4,00%
Spread / Lowest Target -35,8%
EPS Revisions
Managers and Directors
NameTitle
James M. Foote President, Chief Executive Officer & Director
John J. Zillmer Non-Executive Chairman
Jamie Boychuk Executive Vice President-Operations
Kevin S. Boone Chief Financial Officer & Executive VP
Ricky Johnson Senior Vice President-Engineering & Mechanical
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