CSX (NASDAQ:CSX) Raised to “Buy” at Wall Street Zen

CSX (NASDAQ:CSX) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other analysts have also weighed in on CSX. Barclays restated an “overweight” rating and issued a $60.00 price objective (up from $55.00) on shares of CSX in a report on Thursday. Stifel Nicolaus set a $54.00 price target on shares of CSX in a research report on Thursday. New Street Research set a $49.00 price target on shares of CSX in a report on Thursday, April 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $54.00 price objective (up from $51.00) on shares of CSX in a research report on Thursday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $52.00 price objective (up from $49.00) on shares of CSX in a research note on Thursday. Seventeen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.17.

CSX Price Performance

Shares of NASDAQ:CSX opened at $53.23 on Friday. CSX has a 12 month low of $31.80 and a 12 month high of $53.41. The stock has a market cap of $98.61 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.48 and a beta of 1.21. The stock’s 50 day moving average price is $47.70 and its 200 day moving average price is $43.21. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.82 and a quick ratio of 0.72.

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

Insiders Place Their Bets

In other news, Director John J. Zillmer sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.45, for a total transaction of $464,500.00. Following the completion of the sale, the director directly owned 353,714 shares of the company’s stock, valued at $16,430,015.30. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin S. Boone sold 136,708 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $46.70, for a total value of $6,384,263.60. Following the sale, the chief financial officer directly 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 insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Canada Post Corp Registered Pension Plan lifted its position in shares of CSX by 34.2% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 96,484 shares of the transportation company’s stock valued at $3,498,000 after acquiring an additional 24,566 shares in the last quarter. SOA Wealth Advisors LLC. boosted its stake in CSX by 26.0% in the 4th quarter. SOA Wealth Advisors LLC. now owns 111,914 shares of the transportation company’s stock worth $4,057,000 after purchasing an additional 23,072 shares during the period. Farther Finance Advisors LLC grew its position in CSX by 159.5% during the 4th quarter. Farther Finance Advisors LLC now owns 73,410 shares of the transportation company’s stock worth $2,661,000 after purchasing an additional 45,116 shares in the last quarter. KTF Investments LLC purchased a new position in CSX during the 4th quarter worth approximately $1,325,000. Finally, BNB Wealth Management LLC acquired a new stake in CSX during the 4th quarter valued at $1,125,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

More CSX News

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.