Bank of America Cuts CSX (NASDAQ:CSX) Price Target to $46.00

CSX (NASDAQ:CSX) had its price target lowered by Bank of America from $48.00 to $46.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. Raymond James Financial upped their target price on CSX from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Morgan Stanley set a $30.00 price target on shares of CSX and gave the stock an “equal weight” rating in a report on Monday, December 8th. TD Cowen reaffirmed a “buy” rating on shares of CSX in a research report on Monday, January 12th. Jefferies Financial Group upped their price objective on shares of CSX from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CSX in a research report on Monday, December 29th. Nineteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.44.

CSX Stock Performance

Shares of CSX stock opened at $39.30 on Thursday. CSX has a 12 month low of $26.22 and a 12 month high of $43.35. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt-to-equity ratio of 1.38. The stock has a market cap of $73.08 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 2.01 and a beta of 1.27. The business has a fifty day simple moving average of $39.16 and a 200-day simple moving average of $36.50.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.59 billion. CSX had a net margin of 20.50% and a return on equity of 23.88%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, sell-side analysts anticipate that CSX will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from CSX’s previous quarterly dividend of $0.13. CSX’s dividend payout ratio (DPR) is presently 36.36%.

Insider Buying and Selling

In other CSX news, CAO Diana B. Sorfleet sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $41.56, for a total value of $3,740,400.00. Following the completion of the sale, the chief accounting officer directly owned 165,613 shares of the company’s stock, valued at $6,882,876.28. The trade was a 35.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen F. Angel purchased 25,000 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $40.27 per share, for a total transaction of $1,006,750.00. Following the purchase, the chief executive officer owned 146,540 shares in the company, valued at $5,901,165.80. The trade was a 20.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 188,123 shares of company stock worth $7,454,854. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On CSX

Institutional investors and hedge funds have recently modified their holdings of the business. Syon Capital LLC boosted its holdings in CSX by 1.0% in the fourth quarter. Syon Capital LLC now owns 28,316 shares of the transportation company’s stock worth $1,026,000 after purchasing an additional 287 shares in the last quarter. Root Financial Partners LLC raised its holdings in CSX by 7.3% during the fourth quarter. Root Financial Partners LLC now owns 4,757 shares of the transportation company’s stock valued at $172,000 after buying an additional 323 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in shares of CSX by 4.1% in the third quarter. Kingswood Wealth Advisors LLC now owns 8,324 shares of the transportation company’s stock worth $296,000 after buying an additional 331 shares during the last quarter. Moloney Securities Asset Management LLC lifted its position in shares of CSX by 2.7% in the third quarter. Moloney Securities Asset Management LLC now owns 13,048 shares of the transportation company’s stock worth $463,000 after buying an additional 339 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC boosted its stake in shares of CSX by 2.7% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 13,235 shares of the transportation company’s stock worth $480,000 after acquiring an additional 346 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

CSX News Roundup

Here are the key news stories impacting CSX this week:

• Positive Sentiment: BofA kept a Buy on CSX and trimmed its price target from $48 to $46, implying meaningful upside from current levels; the broker’s coverage helps underpin investor confidence. Benzinga: BofA price target note
• Positive Sentiment: Market write-ups and analyst commentary (including 24/7 Wall St. and Yahoo pieces) are discussing whether CSX can climb to BofA’s $46 target after strong recent performance — this narrative supports momentum-driven buying interest. Yahoo Finance: After a BIG Run, Can CSX Climb Another 15% to BofA’s $46 Price Target?
• Positive Sentiment: Wolfe Research published a bullish forecast for CSX, projecting strong price appreciation — another independent research signal that can attract investor interest. American Banking News: Wolfe Research Forecast
• Neutral Sentiment: RailwayAge’s Class I briefs mention CSX alongside peers; these sector-level notes are useful for context but don’t point to a company-specific catalyst. RailwayAge: Class I Briefs
• Neutral Sentiment: Reported short-interest data for March is inconsistent/erroneous (shows 0 shares and NaN changes), so it provides no reliable signal about bearish positioning or potential squeeze risk right now.
• Neutral Sentiment: Local incident reporting (e.g., GBI investigation after a human arm found in Waycross) appears unrelated to company fundamentals but could be monitored for any operational or liability links if later tied to rail infrastructure. MSN: Waycross investigation
• Negative Sentiment: CSX announced railroad closures in Sumter County; localized closures can disrupt traffic flow and near-term revenue on affected lanes and may prompt investor concern about operational disruptions. MSN: CSX announces railroad closures in Sumter County

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.