CSX (NASDAQ:CSX) Stock Price Expected to Rise, Citigroup Analyst Says

CSX (NASDAQ:CSX) had its price target hoisted by investment analysts at Citigroup from $53.00 to $54.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Citigroup’s price target suggests a potential upside of 1.45% from the stock’s current price.

Several other equities analysts have also commented on the stock. Evercore set a $51.00 price target on shares of CSX in a research report on Thursday. Rothschild & Co Redburn lifted their price target on shares of CSX from $45.50 to $47.50 and gave the company a “buy” rating in a report on Tuesday, April 28th. Benchmark reissued a “buy” rating and set a $54.00 price objective (up from $48.00) on shares of CSX in a research note on Wednesday, July 15th. Wolfe Research restated an “outperform” rating and set a $50.00 price objective on shares of CSX in a report on Thursday, April 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $56.00 target price on shares of CSX in a research report on Monday, July 13th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CSX has a consensus rating of “Moderate Buy” and an average target price of $51.17.

CSX Trading Up 0.8%

NASDAQ CSX opened at $53.23 on Friday. The company has a market cap of $98.61 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.60 and a beta of 1.21. CSX has a 12 month low of $31.80 and a 12 month high of $53.41. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.82 and a quick ratio of 0.83. The company has a 50-day moving average of $47.70 and a 200-day moving average of $43.15.

CSX (NASDAQ:CSX) last released its earnings results 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 24.98%. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities analysts predict that CSX will post 1.96 earnings per share for the current year.

Insider Buying and Selling

In other CSX news, Director John J. Zillmer sold 10,000 shares of CSX stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $46.45, for a total transaction of $464,500.00. Following the transaction, the director directly owned 353,714 shares of the company’s stock, valued at $16,430,015.30. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin S. Boone sold 136,708 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 approximately $9,742,647.40. This represents a 39.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.30% of the company’s stock.

Institutional Trading of CSX

A number of institutional investors have recently added to or reduced their stakes in CSX. City Holding Co. boosted its position in shares of CSX by 2.2% in the second quarter. City Holding Co. now owns 38,054 shares of the transportation company’s stock worth $1,808,000 after buying an additional 810 shares during the period. Allied Private Wealth LLC purchased a new stake in shares of CSX during the 2nd quarter valued at about $37,000. Trust Point Inc. raised its holdings in shares of CSX by 3.1% during the 2nd quarter. Trust Point Inc. now owns 14,946 shares of the transportation company’s stock valued at $710,000 after buying an additional 444 shares during the period. Longboard Asset Management LP acquired a new position in CSX during the 2nd quarter worth approximately $203,000. Finally, GAMMA Investing LLC lifted its position in CSX by 10.0% during the 2nd quarter. GAMMA Investing LLC now owns 76,675 shares of the transportation company’s stock worth $3,644,000 after acquiring an additional 6,985 shares in the last quarter. 73.57% of the stock is owned by hedge funds and other institutional investors.

CSX News Roundup

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.