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

CSX (NASDAQ:CSX) had its price target increased by JPMorgan Chase & Co. from $56.00 to $58.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other analysts also recently issued reports on the company. 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. TD Cowen boosted their price objective on shares of CSX from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday. Evercore set a $51.00 target price on shares of CSX in a research note on Thursday. Argus increased their target price on shares of CSX from $42.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Susquehanna upgraded shares of CSX from a “neutral” rating to a “positive” rating and raised their target price for the stock from $50.00 to $58.00 in a report on Tuesday, July 14th. Seventeen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.17.

CSX Trading Up 0.8%

Shares of CSX stock opened at $53.23 on Thursday. The company 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. CSX has a 1 year low of $31.80 and a 1 year high of $53.41. The stock’s 50 day simple moving average is $47.70 and its two-hundred day simple moving average is $43.15. 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 earnings results on Wednesday, July 22nd. The transportation company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.89 billion. CSX had a return on equity of 24.98% and a net margin of 22.21%.The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. Research analysts predict that CSX will post 1.96 earnings per share for the current year.

CSX Dividend Announcement

The firm 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 dividend of $0.14 per share. The ex-dividend date is Monday, August 31st. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. CSX’s payout ratio is presently 32.37%.

Insiders Place Their Bets

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 value of $464,500.00. Following the sale, the director owned 353,714 shares in the company, valued at $16,430,015.30. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 sale, the chief financial officer owned 208,622 shares of the company’s stock, valued at approximately $9,742,647.40. This trade represents a 39.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

CSX News Roundup

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.