Bank of America Forecasts Strong Price Appreciation for CSX (NASDAQ:CSX) Stock

CSX (NASDAQ:CSX) had its target price raised by analysts at Bank of America from $53.00 to $56.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective would indicate a potential upside of 5.20% from the stock’s previous close.

CSX has been the subject of several other reports. Wells Fargo & Company raised their price target on CSX from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Raymond James Financial reiterated an “outperform” rating and issued a $56.00 price target on shares of CSX in a research note on Monday, July 13th. Rothschild & Co Redburn raised their price objective on shares of CSX from $45.50 to $47.50 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Robert W. Baird raised their price objective on shares of CSX from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Finally, Argus lifted their target price on shares of CSX from $42.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Seventeen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.17.

CSX Stock Up 0.8%

CSX stock opened at $53.23 on Thursday. CSX has a twelve month low of $31.80 and a twelve month high of $53.41. The company has a quick ratio of 0.83, a current ratio of 0.82 and a debt-to-equity ratio of 1.22. The firm has a market cap of $98.61 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.58 and a beta of 1.21. The business has a 50 day moving average of $47.70 and a 200 day moving average of $43.15.

CSX (NASDAQ:CSX) last announced its quarterly earnings data 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. CSX had a return on equity of 24.98% and a net margin of 22.21%.The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, research analysts forecast that CSX will post 1.94 EPS for the current fiscal year.

Insider Transactions at CSX

In other news, CFO Kevin S. Boone sold 136,708 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.70, for a total transaction of $6,384,263.60. Following the completion of the sale, the chief financial officer owned 208,622 shares of the company’s stock, valued at $9,742,647.40. This represents a 39.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, 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 position. 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. raised its position in CSX by 1.2% in the fourth quarter. Cohen & Steers Inc. now owns 8,282,107 shares of the transportation company’s stock worth $300,226,000 after acquiring an additional 98,977 shares during the period. Captrust Financial Advisors grew its position in shares of CSX by 4.4% during the 4th quarter. Captrust Financial Advisors now owns 423,312 shares of the transportation company’s stock valued at $15,345,000 after acquiring an additional 18,025 shares during the period. Miller Howard Investments Inc. NY increased its stake in shares of CSX by 6.8% in the 1st quarter. Miller Howard Investments Inc. NY now owns 238,817 shares of the transportation company’s stock worth $9,803,000 after purchasing an additional 15,310 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in shares of CSX by 2.4% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 189,288 shares of the transportation company’s stock worth $6,862,000 after purchasing an additional 4,476 shares in the last quarter. Finally, Pinebridge Investments LLC bought a new position in CSX in the 4th quarter worth $5,979,000. 73.57% of the stock is owned by hedge funds and other institutional investors.

More CSX News

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.

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.