JPMorgan Chase & Co. Cuts CSX (NASDAQ:CSX) Price Target to $57.00

CSX (NASDAQ:CSX) had its target price lowered by JPMorgan Chase & Co. from $58.00 to $57.00 in a research report sent to investors on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

CSX has been the topic of several other research reports. Morgan Stanley set a $32.00 price target on shares of CSX and gave the company an “underweight” rating in a research note on Monday, July 6th. Citigroup boosted their price objective on CSX from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Susquehanna decreased their price objective on CSX from $59.00 to $55.00 and set a “positive” rating for the company in a report on Friday, October 2nd. TD Cowen lifted their target price on CSX from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Barclays reissued an “overweight” rating and issued a $60.00 price target (up from $55.00) on shares of CSX in a research note on Thursday, July 23rd. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CSX has an average rating of “Moderate Buy” and a consensus target price of $51.06.

CSX Stock Performance

Shares of CSX opened at $46.81 on Monday. CSX has a 1 year low of $33.63 and a 1 year high of $53.60. The company has a market cap of $86.71 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 2.23 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. The firm has a fifty day moving average of $49.13 and a 200-day moving average of $46.94.

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, topping analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.89 billion. CSX had a net margin of 22.21% and a return on equity of 24.98%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. As a group, equities analysts anticipate that CSX will post 2 earnings per share for the current year.

CSX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, August 31st. CSX’s dividend payout ratio is 32.37%.

Insiders Place Their Bets

In other news, CAO Angela C. Williams sold 30,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief accounting officer owned 10,437 shares in the company, valued at $556,187.73. This represents a 74.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael S. Burns sold 13,000 shares of CSX 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 transaction, the senior vice president directly owned 59,643 shares in the company, valued at approximately $3,141,993.24. The trade was a 17.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On CSX

A number of institutional investors and hedge funds have recently bought and sold shares of CSX. BlackRock Inc. acquired a new position in shares of CSX in the 2nd quarter worth approximately $7,655,277,000. Bank of America Corp DE acquired a new stake in CSX during the second quarter valued at approximately $1,598,962,000. Bank of New York Mellon Corp acquired a new stake in CSX during the second quarter valued at approximately $950,325,000. XXEC Inc. acquired a new stake in CSX during the second quarter valued at approximately $765,595,000. Finally, Legal & General Group Plc bought a new stake in CSX during the second quarter worth approximately $747,001,000. 73.57% of the stock is owned by institutional investors and hedge funds.

CSX News Summary

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Wall Street analysts collectively rate CSX a “Moderate Buy,” indicating that the broader analyst view remains supportive. CSX Corporation Stock Rated Moderate Buy by Wall Street Analysts
• Neutral Sentiment: CSX’s consensus price target was reported at approximately $51.09, above the referenced share price, suggesting analysts see potential upside; however, the stock still declined as investors weighed the mixed signals. CSX Stock and Consensus Target
• Neutral Sentiment: CSX announced the return of its annual Santa Train to Appalachia on November 21. The community initiative reinforces the company’s local presence but is not expected to have a meaningful effect on earnings or valuation. CSX Santa Train Returning to Eastern Kentucky
• Negative Sentiment: Citigroup lowered its CSX price target from $54 to $53 and assigned a “Neutral” rating. Although the revised target still implies upside, the cut signals reduced confidence in near-term appreciation and likely contributed to selling pressure. Citigroup Lowers CSX Price Target
• Negative Sentiment: A bearish Seeking Alpha analysis characterized CSX as a stock it is not yet willing to buy, reinforcing investor concerns about valuation and the railroad’s ability to generate stronger near-term returns. CSX Corporation Analysis

About CSX

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.