CSX Corporation (NASDAQ:CSX) Stock Has Consensus Price Target of $51.09

Shares of CSX Corporation (NASDAQ:CSX) have received a consensus rating of “Moderate Buy” from the twenty-six research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $51.06.

A number of equities analysts have recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $54.00 price target (up from $48.00) on shares of CSX in a research note on Wednesday, July 15th. Evercore set a $51.00 price objective on CSX in a research report on Thursday, July 23rd. Robert W. Baird boosted their target price on CSX from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lowered their target price on CSX from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Finally, Citigroup reaffirmed a “cautious” rating on shares of CSX in a research report on Wednesday, October 7th.

Insider Transactions at CSX

In other CSX news, SVP Michael Burns sold 13,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $52.68, for a total value of $684,840.00. Following the completion of the sale, the senior vice president owned 59,643 shares of the company’s stock, valued at $3,141,993.24. The trade was a 17.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Angela Williams sold 30,000 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $53.29, for a total value of $1,598,700.00. Following the sale, the chief accounting officer owned 10,437 shares of the company’s stock, valued at approximately $556,187.73. This trade represents a 74.19% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by insiders.

Institutional Investors Weigh In On CSX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Evolve Private Wealth LLC acquired a new stake in shares of CSX in the 2nd quarter valued at $693,000. M. Kulyk & Associates LLC bought a new stake in shares of CSX in the 2nd quarter worth about $8,145,000. Wealthfront Advisers LLC acquired a new stake in shares of CSX during the 2nd quarter worth about $7,609,000. First National Bank of Omaha acquired a new stake in shares of CSX during the 2nd quarter worth about $6,248,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of CSX during the 2nd quarter worth about $6,598,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX Stock Performance

CSX stock opened at $47.76 on Wednesday. The firm has a 50 day simple moving average of $48.90 and a 200 day simple moving average of $47.18. CSX has a 52 week low of $33.63 and a 52 week high of $53.60. The stock has a market cap of $88.47 billion, a P/E ratio of 27.61, a P/E/G ratio of 2.25 and a beta of 1.21. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.72 and a current ratio of 0.82.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, beating 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 firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Research analysts anticipate that CSX will post 1.99 earnings per share for the current fiscal year.

CSX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 30th. CSX’s payout ratio is presently 32.37%.

Trending Headlines about CSX

Here are the key news stories impacting CSX this week:

• Positive Sentiment: TD Cowen set a $54 price target for CSX, above the roughly $47.76 reference price. The target indicates analysts see additional appreciation potential, which may support investor sentiment. TD Cowen sets USD 54.00 target for CSX stock
• Positive Sentiment: Massachusetts plans to fund CSX improvements in Pittsfield. The investment could improve infrastructure, service capability, and the railroad’s long-term operating position, although the financial impact was not quantified. Massachusetts to fund CSX improvements in Pittsfield
• Neutral Sentiment: Options-market activity is drawing attention to CSX amid expectations of a possible near-term move. Options positioning can signal rising trader interest, but it does not establish the direction or durability of a stock rally. Is the Options Market Predicting a Spike in CSX Stock?
• Neutral Sentiment: Chief Operating Officer Mike Cory is retiring. The departure creates a management transition and could raise questions about execution, but the immediate stock impact will depend on the succession plan and whether operations remain stable. CSX Announces Retirement of Chief Operating Officer Cory
• Negative Sentiment: A CSX train car derailed near Montgomery College in Rockville, Maryland, disrupting rail traffic and causing expected MARC train delays. The incident may create temporary service costs and adds operational, safety, and reputational risk, though reports did not indicate the extent of damages or injuries. CSX train car derails near Montgomery College campus in Rockville

CSX Company Profile

CSX Corporation (NASDAQ:CSX) is a transportation company that provides rail-based freight services through its principal subsidiary, CSX Transportation. The company moves a broad range of products, including agricultural and food products, chemicals, minerals, forest products, metals, automotive shipments, and consumer goods.

CSX also provides intermodal transportation, connecting rail shipments with trucks, ports, and distribution facilities. Its network serves the eastern United States and reaches parts of Canada, linking major industrial regions, population centers, manufacturing locations, and Atlantic and Gulf Coast ports.

CSX traces its history to the 1980 merger of Chessie System and Seaboard Coast Line Industries.