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Barchart
Barchart
Mark R. Hake, CFA

CSX Corp Stock Generates Strong Free Cash Flow and CSX Stock Looks Cheap Here

CSX CSX Corp OTM

CSX Corporation (CSX), the Florida-based rail-based freight transport company, reported flat revenue for Q3 on Oct. 16. However, it generated strong free cash flow (FCF) for the quarter, with significantly higher FCF margins. 

As a result, CSX stock looks cheap to value investors with analysts' price targets 20% higher. Shorting out-of-the-money (OTM) put options is also a good play here.

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