CSX (NASDAQ:CSX) Given New $54.00 Price Target at Citigroup

CSX (NASDAQ:CSX) had its target price lifted by Citigroup from $53.00 to $54.00 in a research report sent to investors on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the transportation company’s stock.

CSX has been the subject of several other research reports. Morgan Stanley set a $32.00 price objective on CSX and gave the company an “underweight” rating in a research note on Monday, July 6th. Rothschild & Co Redburn lifted their price target on CSX from $45.50 to $47.50 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Stifel Nicolaus set a $54.00 price objective on CSX in a report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $54.00 target price (up from $51.00) on shares of CSX in a research note on Thursday. Finally, Weiss Ratings lowered shares of CSX from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Seventeen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.17.

CSX Stock Up 0.8%

CSX stock opened at $53.23 on Friday. The firm has a 50 day simple moving average of $47.70 and a 200 day simple moving average of $43.15. The company has a current ratio of 0.82, a quick ratio of 0.83 and a debt-to-equity ratio of 1.22. CSX has a 1-year low of $31.80 and a 1-year high of $53.41. The firm has a market capitalization of $98.61 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 2.58 and a beta of 1.21.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $3.94 billion for 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 revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. On average, analysts predict that CSX will post 1.94 earnings per share for the current year.

CSX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, August 31st. CSX’s dividend payout ratio (DPR) is currently 32.37%.

Insider Buying and Selling

In related news, CFO Kevin S. Boone sold 136,708 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $46.70, for a total transaction of $6,384,263.60. Following the sale, the chief financial officer owned 208,622 shares of the company’s stock, valued at $9,742,647.40. This represents a 39.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John J. Zillmer sold 10,000 shares of the business’s 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 owned 353,714 shares in the company, valued at approximately $16,430,015.30. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. WFA of San Diego LLC purchased a new position in shares of CSX in the 2nd quarter worth approximately $28,000. Arlington Trust Co LLC increased its stake in CSX by 58.0% in the 2nd quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock worth $32,000 after buying an additional 250 shares during the period. Wilkerson Advisory Group LLC increased its position in shares of CSX by 97.4% during the first quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock worth $34,000 after acquiring an additional 409 shares during the period. Allied Private Wealth LLC purchased a new position in CSX during the 2nd quarter worth $37,000. Finally, CrossGen Wealth LLC purchased a new position in shares of CSX during the fourth quarter valued at $54,000. Institutional investors own 73.57% of the company’s stock.

More CSX News

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.