CSX (NASDAQ:CSX – Free Report) had its target price upped by JPMorgan Chase & Co. from $56.00 to $58.00 in a report issued on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.
Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $41.00 target price (up from $37.00) on shares of CSX in a research note on Thursday, April 23rd. Jefferies Financial Group raised their price target on shares of CSX from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Raymond James Financial reiterated an “outperform” rating and issued a $56.00 price objective on shares of CSX in a report on Monday, July 13th. New Street Research set a $49.00 price objective on CSX in a research note on Thursday, April 23rd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $52.00 target price (up from $49.00) on shares of CSX in a report on Thursday. Seventeen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, CSX presently has an average rating of “Moderate Buy” and a consensus price target of $50.54.
Check Out Our Latest Stock Report on CSX
CSX Price Performance
CSX (NASDAQ:CSX – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.89 billion. CSX had a net margin of 22.21% and a return on equity of 25.42%. The firm’s revenue for the quarter 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. As a group, research analysts predict that CSX will post 1.92 EPS for the current fiscal year.
CSX Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend 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 34.36%.
Insider Buying and Selling at CSX
In other CSX news, CFO Kevin S. Boone sold 136,708 shares of the firm’s 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 $9,742,647.40. This trade represents a 39.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John J. Zillmer sold 10,000 shares of CSX 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 transaction, the director 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. 0.30% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On CSX
Hedge funds and other institutional investors have recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in CSX during the second quarter worth about $28,000. Arlington Trust Co LLC boosted its holdings in CSX by 58.0% in 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 last quarter. Wilkerson Advisory Group LLC boosted its holdings in CSX by 97.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 829 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 409 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in shares of CSX in the 2nd quarter valued at approximately $37,000. Finally, CrossGen Wealth LLC purchased a new stake in shares of CSX in the 4th quarter valued at approximately $54,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.
More CSX News
Here are the key news stories impacting CSX this week:
- Positive Sentiment: CSX posted Q2 adjusted EPS of $0.54, beating estimates, while revenue rose 10.1% year over year to a record $3.94 billion, helped by stronger intermodal demand, higher pricing, fuel surcharge revenue, and improved efficiency. Reuters: CSX second-quarter profit, revenue rises on intermodal demand
- Positive Sentiment: The company said operating income and margins improved meaningfully, with operating margin expanding to 38.3%, signaling that cost controls and volume growth are translating into better profitability. GlobeNewswire: CSX Corp. Announces Second Quarter 2026 Results
- Positive Sentiment: CSX raised its 2026 outlook after the beat, and multiple brokers turned more constructive, including JPMorgan, Bank of America, TD Cowen, and UBS, which added to the bullish tone around the stock. Yahoo Finance: CSX boosts outlook on higher volume and revenue
- Neutral Sentiment: Despite the strong quarter, one analyst reiterated a Sell rating, arguing that upside remains limited, which creates a contrasting view but has not outweighed the upbeat earnings reaction. TipRanks: Analyst Reiterates Sell on CSX
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.
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