CSX (NASDAQ:CSX – Free Report) had its target price upped by Bank of America from $53.00 to $56.00 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.
CSX has been the topic of several other reports. Morgan Stanley set a $32.00 price target on CSX and gave the stock an “underweight” rating in a report on Monday, July 6th. The Goldman Sachs Group restated a “neutral” rating and set a $41.00 price objective (up from $37.00) on shares of CSX in a report on Thursday, April 23rd. JPMorgan Chase & Co. upped their price objective on CSX from $48.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Susquehanna upgraded CSX from a “neutral” rating to a “positive” rating and increased their target price for the stock from $50.00 to $58.00 in a research note on Tuesday, July 14th. Finally, Truist Financial set a $46.00 target price on CSX in a research report on Friday, July 10th. Seventeen research 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. According to MarketBeat.com, CSX currently has an average rating of “Moderate Buy” and an average target price of $50.54.
CSX Stock Performance
CSX (NASDAQ:CSX – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. CSX had a net margin of 22.21% and a return on equity of 25.42%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. Research analysts forecast that CSX will post 1.92 EPS for the current year.
CSX Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.56 annualized dividend and a yield of 1.1%. CSX’s dividend payout ratio is 34.36%.
Insider Buying and Selling at CSX
In other CSX news, Director John J. Zillmer sold 10,000 shares of the company’s 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin S. Boone sold 136,708 shares of the 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 transaction, the chief financial officer directly owned 208,622 shares in the company, valued at $9,742,647.40. The trade was a 39.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.30% of the company’s stock.
Institutional Trading of CSX
Institutional investors and hedge funds have recently made changes to their positions in the company. WFA of San Diego LLC purchased a new stake in CSX in the second quarter worth about $28,000. Arlington Trust Co LLC increased its position in CSX by 58.0% during 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 period. Wilkerson Advisory Group LLC increased its position in CSX by 97.4% during 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 period. Allied Private Wealth LLC bought a new stake in shares of CSX in the 2nd quarter valued at about $37,000. Finally, CrossGen Wealth LLC bought a new stake in shares of CSX in the 4th quarter valued at about $54,000. 73.57% of the stock is currently owned by institutional investors.
CSX News Summary
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
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.
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