CSX (NASDAQ:CSX) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of CSX (NASDAQ:CSX) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Several other analysts have also issued reports on CSX. 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. Citigroup boosted their price target on shares of CSX from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Truist Financial set a $46.00 price objective on shares of CSX in a research report on Friday, July 10th. Citizens Jmp started coverage on shares of CSX in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, TD Cowen boosted their target price on CSX from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $51.31.

CSX Stock Down 0.8%

Shares of NASDAQ:CSX opened at $50.27 on Friday. The business’s 50 day moving average is $48.64 and its 200 day moving average is $44.20. CSX has a 12-month low of $31.80 and a 12-month high of $53.60. The stock has a market cap of $93.12 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 2.29 and a beta of 1.21. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 1.22.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.54 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 business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the firm posted $0.44 EPS. CSX’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, sell-side analysts forecast that CSX will post 2 earnings per share for the current fiscal year.

CSX Announces Dividend

The business also recently declared 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. CSX’s payout ratio is 32.37%.

Insider Activity at CSX

In related news, SVP Michael S. Burns sold 13,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $52.68, for a total transaction of $684,840.00. Following the completion of the sale, the senior vice president owned 59,643 shares in the company, valued at approximately $3,141,993.24. This trade represents a 17.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John J. Zillmer sold 10,000 shares of CSX stock in a transaction dated 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 in the company, valued at approximately $16,430,015.30. This represents a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 189,708 shares of company stock worth $9,132,304 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On CSX

A number of hedge funds have recently modified their holdings of the stock. Canada Post Corp Registered Pension Plan grew its holdings in CSX by 34.2% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 96,484 shares of the transportation company’s stock valued at $3,498,000 after purchasing an additional 24,566 shares during the period. Farther Finance Advisors LLC increased its position in CSX by 159.5% in the fourth quarter. Farther Finance Advisors LLC now owns 73,410 shares of the transportation company’s stock worth $2,661,000 after buying an additional 45,116 shares during the last quarter. KTF Investments LLC bought a new stake in shares of CSX in the fourth quarter valued at $1,325,000. BNB Wealth Management LLC bought a new stake in shares of CSX in the fourth quarter valued at $1,125,000. Finally, Allstate Corp lifted its position in shares of CSX by 105.7% during the 4th quarter. Allstate Corp now owns 136,869 shares of the transportation company’s stock valued at $4,962,000 after buying an additional 70,326 shares during the last quarter. Institutional investors own 73.57% of the company’s stock.

CSX News Roundup

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Analysts raised earnings expectations. Zacks Research increased its FY2026 EPS forecast to $2.00 from $1.90, FY2027 to $2.14 from $2.10, and FY2028 to $2.27 from $2.16. Several quarterly estimates were also raised, suggesting improved expectations for CSX’s earnings trajectory. CSX analyst earnings estimates
• Positive Sentiment: CSX is adding service from the Port of Virginia to Indianapolis. The expanded connection could strengthen CSX’s intermodal volumes and improve its access to important freight flows, although the financial impact was not disclosed. Port of Virginia adds CSX rail service to Indianapolis
• Neutral Sentiment: Recent earnings momentum remains constructive. CSX’s latest quarterly results exceeded analyst expectations, with EPS of $0.54 versus a $0.52 consensus and revenue of $3.94 billion versus $3.89 billion. Revenue increased 10.1% year over year, providing support for the upgraded forecasts.
• Negative Sentiment: A CSX grain train derailed in South Charleston, West Virginia. Reports say several cars jumped the tracks and that the incident is under investigation. Any service disruption, cleanup costs, regulatory scrutiny, or liability could weigh on sentiment; the available reports did not provide an estimate of financial damages or injuries. CSX train derails in West Virginia CSX grain train jumps the tracks in South Charleston

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.