CSX (NASDAQ:CSX) Price Target Raised to $58.00

CSX (NASDAQ:CSX) had its price target upped by JPMorgan Chase & Co. from $57.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of CSX from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Morgan Stanley set a $32.00 price target on CSX and gave the stock an “underweight” rating in a research report on Monday, July 6th. Raymond James Financial restated an “outperform” rating and set a $53.00 price objective on shares of CSX in a research note on Thursday, October 15th. Stifel Nicolaus set a $54.00 price objective on CSX in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada dropped their price objective on CSX from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Eighteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and a consensus price target of $52.02.

CSX Trading Down 1.7%

Shares of CSX stock opened at $50.79 on Thursday. The firm has a 50 day moving average price of $48.70 and a two-hundred day moving average price of $47.61. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $93.63 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.38 and a beta of 1.21. CSX has a 12-month low of $33.63 and a 12-month high of $53.60.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, October 21st. The transportation company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.96 billion. CSX had a net margin of 23.97% and a return on equity of 25.94%. CSX’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. As a group, analysts predict that CSX will post 2.01 earnings per share for the current year.

CSX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, November 30th. CSX’s dividend payout ratio (DPR) is currently 29.02%.

Hedge Funds Weigh In On CSX

Several hedge funds and other institutional investors have recently made changes to their positions in CSX. Evolve Private Wealth LLC acquired a new stake in shares of CSX during the 2nd quarter worth approximately $693,000. M. Kulyk & Associates LLC acquired a new position in CSX during the second quarter valued at approximately $8,145,000. Wealthfront Advisers LLC bought a new stake in CSX during the second quarter worth $7,609,000. First National Bank of Omaha bought a new stake in CSX during the second quarter worth $6,248,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of CSX in the 2nd quarter valued at $6,598,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about CSX

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Q3 earnings beat expectations: CSX reported revenue of $4.02 billion, up 12% year over year and above the $3.96 billion consensus estimate. Adjusted earnings of $0.57 per share exceeded expectations of approximately $0.52-$0.53 and rose from $0.44 a year earlier. CSX Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Volume and margins improved: Freight volume increased 5%, while intermodal volume climbed 7% to a record level. Higher pricing, cost controls and a 3% reduction in nonfuel costs helped drive substantial operating-income and profit growth despite higher fuel expenses. CSX Three Key Takeaways
• Positive Sentiment: Constructive outlook: Management is targeting high-single-digit revenue growth in 2026 and more than 350 basis points of operating-margin expansion, reinforcing the view that execution and industrial demand are improving. CSX Projects 2026 Growth
• Positive Sentiment: Analyst targets increased: Bank of America raised its price target to $57 and maintained a Buy rating, while JPMorgan lifted its target to $58 and reiterated Overweight. CSX Analysts Boost Forecasts
• Neutral Sentiment: Railroads may gain a competitive advantage as elevated fuel costs weigh more heavily on trucking, potentially supporting freight conversions to rail. US Railroads Pull Ahead
• Negative Sentiment: CSX trades at a relatively demanding valuation, and Morgan Stanley maintained a Sell rating with a $32 target, citing valuation and longer-term risks. Raymond James also cut its target to $53.
• Negative Sentiment: A law firm is investigating potential class-action claims related to a reported customer data breach, creating possible legal, reputational and compliance costs. CSX Data Breach Investigation

About CSX

CSX Corporation is a transportation company whose primary business is freight railroading through its CSX Transportation subsidiary. The company operates an extensive rail network across the eastern United States, serving major industrial centers, population hubs, ports and distribution markets.

CSX transports a broad range of products, including chemicals, agricultural and food products, forest products, minerals, metals, automotive goods and other manufactured merchandise. Its services also include intermodal transportation, which combines rail service with trucks and containers, as well as the movement of coal and other bulk commodities.

The company traces its roots to the formation of CSX Corporation in 1980 through the merger of Chessie System and Seaboard Coast Line Industries.