CSX (NASDAQ:CSX) Price Target Raised to $54.00

CSX (NASDAQ:CSX) had its price objective upped by TD Cowen from $46.00 to $54.00 in a research note published on Thursday, MarketBeat reports. They currently have a buy rating on the transportation company’s stock.

CSX has been the subject of a number of other research reports. Bank of America reaffirmed a “buy” rating and set a $53.00 price objective (up from $51.00) on shares of CSX in a research report on Wednesday, June 17th. BMO Capital Markets boosted their target price on CSX from $45.00 to $49.00 and gave the stock a “market perform” rating in a report on Thursday, June 25th. Royal Bank Of Canada increased their target price on CSX from $47.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Evercore set a $47.00 target price on CSX in a research note on Thursday, June 25th. Finally, Rothschild & Co Redburn raised their price target on CSX from $45.50 to $47.50 and gave the company a “buy” rating in a report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average price target of $51.17.

CSX Price Performance

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

CSX (NASDAQ:CSX) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. CSX had a net margin of 22.21% and a return on equity of 24.98%. 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 business earned $0.44 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Analysts anticipate that CSX will post 1.96 earnings per share for the current fiscal year.

CSX Dividend Announcement

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

Insider Activity at CSX

In other CSX news, Director John J. Zillmer sold 10,000 shares of the 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 sale, the director directly owned 353,714 shares in the company, valued at approximately $16,430,015.30. This trade represents a 2.75% decrease in their position. The sale 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 CSX stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.70, for a total value of $6,384,263.60. Following the completion of the sale, the chief financial officer directly owned 208,622 shares of the company’s stock, valued at approximately $9,742,647.40. The trade was a 39.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CSX. Arlington Trust Co LLC boosted its stake in CSX by 58.0% during the 2nd quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 250 shares during the period. Syon Capital LLC increased its position in CSX by 1.0% in the 4th quarter. Syon Capital LLC now owns 28,316 shares of the transportation company’s stock worth $1,026,000 after buying an additional 287 shares during the period. Root Financial Partners LLC lifted its holdings in shares of CSX by 7.3% during the fourth quarter. Root Financial Partners LLC now owns 4,757 shares of the transportation company’s stock worth $172,000 after buying an additional 323 shares during the last quarter. Walled Lake Planning & Wealth Management LLC lifted its holdings in shares of CSX by 2.7% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 13,235 shares of the transportation company’s stock worth $480,000 after buying an additional 346 shares during the last quarter. Finally, Sumitomo Life Insurance Co. boosted its position in shares of CSX by 0.9% in the fourth quarter. Sumitomo Life Insurance Co. now owns 39,996 shares of the transportation company’s stock valued at $1,450,000 after acquiring an additional 347 shares during the period. 73.57% of the stock is owned by institutional investors.

CSX News Summary

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.

CSX Company Profile

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.