CSX (NASDAQ:CSX) Raised to “Buy” at Wall Street Zen

CSX (NASDAQ:CSX) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities analysts have also issued reports about the company. Robert W. Baird lifted their price objective on CSX from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Morgan Stanley set a $32.00 target price on shares of CSX and gave the stock an “underweight” rating in a research report on Monday, July 6th. 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 report on Thursday, April 23rd. Wolfe Research reaffirmed an “outperform” rating and set a $50.00 price target on shares of CSX in a research report on Thursday, April 23rd. Finally, Evercore set a $51.00 price objective on shares of CSX in a research note on Thursday. Seventeen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CSX currently has a consensus rating of “Moderate Buy” and an average price target of $51.17.

CSX Trading Up 0.8%

Shares of CSX opened at $53.23 on Friday. CSX has a twelve month low of $31.80 and a twelve month high of $53.41. The firm has a market capitalization of $98.61 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 2.58 and a beta of 1.21. The company has a current ratio of 0.82, a quick ratio of 0.83 and a debt-to-equity ratio of 1.22. The stock’s fifty day simple moving average is $47.70 and its 200 day simple moving average is $43.15.

CSX (NASDAQ:CSX) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.89 billion. CSX had a return on equity of 24.98% and a net margin of 22.21%.The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share. On average, equities research analysts forecast that CSX will post 1.94 earnings per share for the current year.

Insiders Place Their Bets

In other CSX news, CFO Kevin S. Boone sold 136,708 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $46.70, for a total value of $6,384,263.60. Following the transaction, the chief financial officer owned 208,622 shares in the company, valued at $9,742,647.40. The trade was a 39.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John J. Zillmer sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.45, for a total transaction of $464,500.00. Following the completion of the transaction, the director directly owned 353,714 shares of the company’s stock, valued at approximately $16,430,015.30. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CSX

Hedge funds have recently bought and sold shares of the business. Arlington Trust Co LLC raised its holdings in shares of CSX by 58.0% during the second quarter. Arlington Trust Co LLC now owns 681 shares of the transportation company’s stock worth $32,000 after purchasing an additional 250 shares during the period. Syon Capital LLC boosted its holdings in shares of CSX by 1.0% in the 4th quarter. Syon Capital LLC now owns 28,316 shares of the transportation company’s stock valued at $1,026,000 after buying an additional 287 shares during the period. Root Financial Partners LLC grew its position in shares of CSX by 7.3% during the 4th 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 during the last quarter. Walled Lake Planning & Wealth Management LLC raised its stake in CSX by 2.7% during the fourth 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 during the period. Finally, Sumitomo Life Insurance Co. raised its position in shares of CSX by 0.9% during the 4th quarter. Sumitomo Life Insurance Co. now owns 39,996 shares of the transportation company’s stock worth $1,450,000 after purchasing an additional 347 shares during the period. Institutional investors and hedge funds own 73.57% of the company’s stock.

Key Stories Impacting CSX

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.