CSX (NASDAQ:CSX – Get Free Report) had its price objective hoisted by TD Cowen from $46.00 to $54.00 in a research report issued on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price points to a potential upside of 8.15% from the stock’s current price.
Several other analysts also recently weighed in on the company. Citizens Jmp started coverage on CSX in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Susquehanna raised shares of CSX from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $50.00 to $58.00 in a research note on Tuesday, July 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $41.00 price target (up from $37.00) on shares of CSX in a report on Thursday, April 23rd. Benchmark reissued a “buy” rating and set a $54.00 price target (up from $48.00) on shares of CSX in a research report on Wednesday, July 15th. Finally, Weiss Ratings lowered shares of CSX from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Seventeen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.83.
CSX Stock Up 0.1%
CSX (NASDAQ:CSX – Get Free Report) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.89 billion. CSX had a return on equity of 24.47% and a net margin of 21.55%.CSX’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 EPS. On average, equities analysts expect that CSX will post 1.92 EPS for the current year.
Insider Buying and Selling
In related news, Director John J. Zillmer sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.45, for a total value of $464,500.00. Following the completion of the sale, the director owned 353,714 shares of the company’s stock, valued at $16,430,015.30. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevin S. Boone sold 136,708 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.70, for a total value of $6,384,263.60. Following the completion of the sale, the chief financial officer directly owned 208,622 shares of the company’s stock, valued at $9,742,647.40. The trade was a 39.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On CSX
Several institutional investors and hedge funds have recently modified their holdings of CSX. City Holding Co. boosted its stake in shares of CSX by 2.2% during the 2nd quarter. City Holding Co. now owns 38,054 shares of the transportation company’s stock valued at $1,808,000 after purchasing an additional 810 shares in the last quarter. Allied Private Wealth LLC purchased a new stake in CSX in the second quarter worth about $37,000. Trust Point Inc. boosted its position in 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 acquiring an additional 444 shares in the last quarter. Longboard Asset Management LP bought a new stake in CSX during the 2nd quarter valued at approximately $203,000. Finally, GAMMA Investing LLC grew its holdings in shares of 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 during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.
Key CSX News
Here are the key news stories impacting CSX this week:
- Positive Sentiment: CSX beat Wall Street estimates on both earnings and revenue, posting EPS of $0.54 versus $0.52 expected and revenue of $3.94 billion versus about $3.89 billion expected. CSX Corp. Announces Second Quarter 2026 Results
- Positive Sentiment: The quarter showed broad operational strength, with record revenue, operating income up 17%, operating margin expanding to 38.3%, and volume increasing 6% year over year, led by 9% intermodal growth. CSX second-quarter profit, revenue rises on intermodal demand
- Positive Sentiment: Management said stronger intermodal shipments, higher pricing, and cost controls helped offset a tough freight environment, and the company raised its full-year 2026 outlook, which supports investor sentiment. CSX Reports Higher Second-Quarter Profit, Sales
- Neutral Sentiment: Analyst and media coverage also highlighted improving carload and intermodal trends ahead of the report, reinforcing expectations that the business is stabilizing. CSX Corporation (CSX) Q2 2026 Earnings Call Transcript
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.
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