CSX (NASDAQ:CSX) Price Target Raised to $39.00

CSX (NASDAQ:CSX) had its target price upped by Sanford C. Bernstein from $36.00 to $39.00 in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. They currently have a market perform rating on the transportation company’s stock.

Other equities analysts also recently issued reports about the stock. Bank of America lowered their target price on shares of CSX from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft boosted their price target on CSX from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Susquehanna reissued a “neutral” rating and set a $39.00 price objective on shares of CSX in a report on Friday, January 23rd. JPMorgan Chase & Co. cut their price objective on CSX from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Finally, Jefferies Financial Group boosted their target price on CSX from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Eighteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.94.

CSX Stock Performance

CSX stock opened at $41.22 on Tuesday. The firm has a 50 day moving average of $40.26 and a two-hundred day moving average of $37.18. CSX has a 12 month low of $26.22 and a 12 month high of $43.35. The company has a market capitalization of $76.70 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.30 and a beta of 1.25. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt-to-equity ratio of 1.38.

CSX (NASDAQ:CSX) last released its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). CSX had a net margin of 20.50% and a return on equity of 23.88%. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the business posted $0.42 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that CSX will post 1.83 EPS for the current fiscal year.

CSX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. This is a positive change from CSX’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 27th. CSX’s dividend payout ratio is currently 36.36%.

Insider Activity

In other news, EVP Stephen Fortune sold 31,456 shares of CSX stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $38.65, for a total value of $1,215,774.40. Following the transaction, the executive vice president directly owned 82,034 shares in the company, valued at approximately $3,170,614.10. The trade was a 27.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen F. Angel acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $40.27 per share, with a total value of $1,006,750.00. Following the transaction, the chief executive officer directly owned 146,540 shares in the company, valued at $5,901,165.80. The trade was a 20.57% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 188,123 shares of company stock valued at $7,454,854. 0.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Brighton Jones LLC boosted its position in shares of CSX by 5.5% in the fourth quarter. Brighton Jones LLC now owns 16,254 shares of the transportation company’s stock valued at $525,000 after acquiring an additional 849 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in CSX during the second quarter worth $25,000. SVB Wealth LLC bought a new position in CSX during the second quarter worth $807,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in CSX by 3.2% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 74,410 shares of the transportation company’s stock valued at $2,428,000 after purchasing an additional 2,281 shares during the last quarter. Finally, WFA of San Diego LLC bought a new position in shares of CSX during the 2nd quarter worth about $28,000. 73.57% of the stock is currently owned by institutional investors and hedge funds.

CSX News Summary

Here are the key news stories impacting CSX this week:

• Positive Sentiment: Rothschild & Co Redburn raised its price target to $45.50 and kept a Buy rating, implying near-term upside (~9.8%) and offering bullish analyst support for the stock. Rothschild raises CSX price target
• Positive Sentiment: A Sanford C. Bernstein analyst published commentary expecting CSX shares to rise, reinforcing a constructive view on the stock from at least one sell‑side voice. Sanford Bernstein expects CSX to rise
• Neutral Sentiment: Bernstein updated its rail-sector view and nudged its CSX price target to $39 (from $36) but maintained a Market Perform (hold) rating — a modest target lift without a change in stance, so limited catalytic impact. Bernstein lifts CSX price target to $39
• Neutral Sentiment: Analyst commentary and pieces from Zacks/Yahoo are flagging CSX’s higher valuation and asking whether investors should retain shares — useful context for longer‑term positioning but not an immediate catalyst. Zacks: Should investors retain CSX?
• Negative Sentiment: BMO Capital Markets trimmed its CSX price target to $40 (from $41) and left a Market Perform rating, signaling a small downside bias and adding downward pressure on sentiment. BMO lowers CSX price target to $40
• Negative Sentiment: A local news report of a crash involving a CSX train in Dayton (driver fled the scene) introduces a short‑term operational/safety headline that can pressure sentiment despite likely limited financial impact. Crash involving CSX train in Dayton

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.