CSX (NASDAQ:CSX) Price Target Raised to $57.00

CSX (NASDAQ:CSX) had its target price increased by Bank of America from $55.00 to $57.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $53.00 price target on shares of CSX in a report on Thursday, October 15th. Truist Financial set a $46.00 price objective on CSX in a research note on Friday, July 10th. BMO Capital Markets restated a “market perform” rating and set a $52.00 target price (up from $49.00) on shares of CSX in a report on Thursday, July 23rd. Citigroup restated a “cautious” rating on shares of CSX in a report on Wednesday, October 7th. Finally, Wells Fargo & Company raised their target price on CSX from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.02.

CSX Stock Performance

NASDAQ CSX opened at $50.79 on Thursday. CSX has a 1-year low of $33.63 and a 1-year high of $53.60. The company has a 50 day moving average of $48.70 and a 200-day moving average of $47.61. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 1.19. The firm has a market cap of $93.63 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 2.38 and a beta of 1.21.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, October 21st. The transportation company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.96 billion. CSX had a return on equity of 25.94% and a net margin of 23.97%. CSX’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. On average, equities analysts forecast that CSX will post 2.01 earnings per share for the current fiscal year.

CSX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 30th. CSX’s dividend payout ratio is 29.02%.

Institutional Trading of CSX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Level Wealth Management LLC bought a new position in CSX in the 3rd quarter worth approximately $353,000. Kingswood Wealth Advisors LLC boosted its position in CSX by 14.7% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 21,931 shares of the transportation company’s stock valued at $1,020,000 after buying an additional 2,815 shares during the last quarter. Sigma Planning Corp boosted its position in CSX by 20.4% in the 3rd quarter. Sigma Planning Corp now owns 46,598 shares of the transportation company’s stock valued at $2,167,000 after buying an additional 7,888 shares during the last quarter. Trueblood Wealth Management LLC bought a new position in CSX in the 3rd quarter valued at $200,000. Finally, Norris Perne & French LLP MI bought a new position in CSX in the 3rd quarter valued at $441,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

Key CSX News

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Q3 earnings beat expectations: CSX reported revenue of $4.02 billion, up 12% year over year and above the $3.96 billion consensus estimate. Adjusted earnings of $0.57 per share exceeded expectations of approximately $0.52-$0.53 and rose from $0.44 a year earlier. CSX Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Volume and margins improved: Freight volume increased 5%, while intermodal volume climbed 7% to a record level. Higher pricing, cost controls and a 3% reduction in nonfuel costs helped drive substantial operating-income and profit growth despite higher fuel expenses. CSX Three Key Takeaways
• Positive Sentiment: Constructive outlook: Management is targeting high-single-digit revenue growth in 2026 and more than 350 basis points of operating-margin expansion, reinforcing the view that execution and industrial demand are improving. CSX Projects 2026 Growth
• Positive Sentiment: Analyst targets increased: Bank of America raised its price target to $57 and maintained a Buy rating, while JPMorgan lifted its target to $58 and reiterated Overweight. CSX Analysts Boost Forecasts
• Neutral Sentiment: Railroads may gain a competitive advantage as elevated fuel costs weigh more heavily on trucking, potentially supporting freight conversions to rail. US Railroads Pull Ahead
• Negative Sentiment: CSX trades at a relatively demanding valuation, and Morgan Stanley maintained a Sell rating with a $32 target, citing valuation and longer-term risks. Raymond James also cut its target to $53.
• Negative Sentiment: A law firm is investigating potential class-action claims related to a reported customer data breach, creating possible legal, reputational and compliance costs. CSX Data Breach Investigation

About CSX

CSX Corporation is a transportation company whose primary business is freight railroading through its CSX Transportation subsidiary. The company operates an extensive rail network across the eastern United States, serving major industrial centers, population hubs, ports and distribution markets.

CSX transports a broad range of products, including chemicals, agricultural and food products, forest products, minerals, metals, automotive goods and other manufactured merchandise. Its services also include intermodal transportation, which combines rail service with trucks and containers, as well as the movement of coal and other bulk commodities.

The company traces its roots to the formation of CSX Corporation in 1980 through the merger of Chessie System and Seaboard Coast Line Industries.