Jim Cramer Makes Major Prediction For CSX Corporation (CSX)

We recently published Jim Cramer Discussed Trump, CEOs & These 10 Stocks. CSX Corporation (NASDAQ:CSX) is one of the stocks Jim Cramer discussed.

CSX Corporation (NASDAQ:CSX) is one of the largest railroad companies in America. The shares are up by a modest 13.8% over the past year and by 3.5% year-to-date. Susquehanna raised the firm’s share price target to $39 from $38 and maintained a Neutral rating after the firm’s latest earnings report. The earnings saw CSX Corporation (NASDAQ:CSX) post $3.50 billion in revenue and $0.39 in profit per share. Both of these missed analyst estimates of $3.54 billion and $0.41. Following the earnings, Bernstein also discussed the railroad company. It trimmed CSX Corporation (NASDAQ:CSX)’s share price target to $36 from $37 and kept a Market Perform rating. The financial firm pointed out that the earnings miss during the quarter was narrower if one-time charges were removed from the figure. Cramer discussed the potential of a merger between CSX Corporation (NASDAQ:CSX) and Berkshire Hathaway’s Burlington:

“And I want people to watch CSX, okay. CSX is good. Steve Angel, formerly of Linde, is now running. Now before this, Joe Hinrichs, I happen to have thought he was doing a great job. He was railroad man of the year who was railroaded by the board. But I think Steve Angel is going to be, he is an industrialist. We’ve had all these people who like to keep the trains on time. Who knows what happens when you have a genuine industrialist, who maybe can talk, to the new CEO of Berkshire Hathaway who dumped all the Kraft Heinz and say, okay look, let’s put Burlington Northern together with CSX. I think that’s going to happen, it’s big, it’s a prediction, I know, but I am out there but I’m going to be right.”

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Disclosure: None. This article is originally published at Insider Monkey.