CSX (NASDAQ:CSX) Price Target Raised to $56.00

CSX (NASDAQ:CSX) had its target price boosted by Bank of America from $53.00 to $56.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

CSX has been the topic of several other research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $41.00 target price (up from $37.00) on shares of CSX in a research note on Thursday, April 23rd. Susquehanna upgraded shares of CSX from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $50.00 to $58.00 in a report on Tuesday, July 14th. Rothschild & Co Redburn upped their price objective on CSX from $45.50 to $47.50 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Raymond James Financial reiterated an “outperform” rating and set a $56.00 target price on shares of CSX in a research note on Monday, July 13th. Finally, Truist Financial set a $46.00 target price on CSX in a report on Friday, July 10th. Seventeen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.17.

CSX Stock Performance

Shares of CSX stock opened at $53.23 on Thursday. The stock has a market cap of $98.61 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.60 and a beta of 1.21. The firm’s 50-day moving average is $47.70 and its 200 day moving average is $43.15. CSX has a 1 year low of $31.80 and a 1 year high of $53.41. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.82 and a quick ratio of 0.83.

CSX (NASDAQ:CSX) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.89 billion. CSX had a net margin of 22.21% and a return on equity of 24.98%. CSX’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. Sell-side analysts anticipate that CSX will post 1.96 EPS for the current fiscal year.

CSX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. CSX’s payout ratio is presently 32.37%.

Insider Buying and Selling

In other CSX news, Director John J. Zillmer sold 10,000 shares of CSX stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $46.45, for a total value of $464,500.00. Following the completion of the sale, the director owned 353,714 shares of the company’s stock, valued at approximately $16,430,015.30. The trade was a 2.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevin S. Boone sold 136,708 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $46.70, for a total transaction of $6,384,263.60. Following the sale, the chief financial officer owned 208,622 shares of the company’s stock, valued at approximately $9,742,647.40. This represents a 39.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CSX

A number of institutional investors and hedge funds have recently modified their holdings of CSX. WFA of San Diego LLC bought a new stake in shares of CSX in the second quarter worth $28,000. Arlington Trust Co LLC lifted its holdings in CSX by 58.0% in the second quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 250 shares during the period. Wilkerson Advisory Group LLC boosted its position in CSX by 97.4% in the first quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock worth $34,000 after purchasing an additional 409 shares during the last quarter. Allied Private Wealth LLC purchased a new position in CSX in the second quarter worth about $37,000. Finally, CrossGen Wealth LLC purchased a new position in CSX in the fourth quarter worth about $54,000. 73.57% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about CSX

Here are the key news stories impacting CSX this week:

• Positive Sentiment: CSX reported record Q2 revenue of $3.94 billion and EPS of $0.54, beating estimates, with profit, operating income and margins all improving year over year. The company also raised its full-year 2026 outlook on stronger intermodal demand, pricing gains and cost controls.
• Positive Sentiment: Several major brokerages turned more optimistic after the earnings beat. JPMorgan, Bank of America, TD Cowen, Citigroup and UBS either raised price targets or reaffirmed bullish ratings, signaling improving confidence in CSX’s outlook.
• Positive Sentiment: Recent commentary highlighted CSX hitting fresh 52-week highs and noted that volume growth is starting to translate into earnings, which supports the stock’s momentum.
• Neutral Sentiment: CSX was also reported to have essentially flat short interest data in July, which does not appear to be a meaningful trading driver.
• Neutral Sentiment: A separate news item about a crane collapse at a CSX train yard involved contractors and does not appear to be a direct financial impact on the company at this time.
• Negative Sentiment: Not all analyst views are positive: Morgan Stanley reiterated a Sell rating with a $32 price target, citing limited upside despite the earnings beat.

About CSX

CSX Corporation is a leading North American transportation company that provides rail-based freight services and supply-chain solutions. Its operating subsidiary, CSX Transportation, moves a wide range of goods for customers across multiple industries, using a combination of long-haul rail service, intermodal operations and terminal and yard services. The company focuses on delivering efficient, reliable freight transportation between major production centers, consumption markets and port gateways.

CSX’s freight portfolio includes intermodal containers and trailers, bulk commodities, industrial products and specialized unit trains.