CSX (NASDAQ:CSX) Price Target Raised to $56.00 at Bank of America

CSX (NASDAQ:CSX) had its target price boosted by Bank of America from $53.00 to $56.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target points to a potential upside of 6.26% from the company’s previous close.

A number of other analysts have also commented on the stock. 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. Barclays reiterated an “overweight” rating and set a $60.00 target price (up from $55.00) on shares of CSX in a research note on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $54.00 price objective (up from $51.00) on shares of CSX in a report on Thursday. Stifel Nicolaus set a $54.00 target price on CSX in a report on Thursday. Finally, Citigroup began coverage on CSX in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Seventeen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.46.

CSX Stock Up 5.5%

Shares of CSX stock traded up $2.77 during mid-day trading on Thursday, hitting $52.70. The company’s stock had a trading volume of 15,746,304 shares, compared to its average volume of 13,162,975. CSX has a 52-week low of $31.80 and a 52-week high of $53.31. The business has a 50-day moving average price of $47.41 and a 200 day moving average price of $42.97. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.83 and a current ratio of 0.97. The stock has a market cap of $97.93 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 2.46 and a beta of 1.21.

CSX (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. CSX had a return on equity of 24.47% and a net margin of 21.55%.The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the firm posted $0.44 earnings per share. CSX’s revenue was up 10.1% compared to the same quarter last year. Research analysts predict that CSX will post 1.92 EPS for the current fiscal year.

Insider Activity

In other news, Director John J. Zillmer sold 10,000 shares of CSX stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $46.45, for a total transaction of $464,500.00. Following the transaction, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin S. Boone sold 136,708 shares of CSX stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.70, for a total value of $6,384,263.60. Following the transaction, the chief financial officer directly owned 208,622 shares in the company, valued at approximately $9,742,647.40. The trade was a 39.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On CSX

A number of hedge funds have recently modified their holdings of CSX. City Holding Co. increased its stake in shares of CSX by 2.2% in the second quarter. City Holding Co. now owns 38,054 shares of the transportation company’s stock worth $1,808,000 after purchasing an additional 810 shares in the last quarter. Allied Private Wealth LLC bought a new position in CSX in the 2nd quarter worth $37,000. Trust Point Inc. boosted its holdings in CSX by 3.1% in the 2nd quarter. Trust Point Inc. now owns 14,946 shares of the transportation company’s stock worth $710,000 after buying an additional 444 shares during the period. Longboard Asset Management LP purchased a new stake in CSX in the 2nd quarter worth $203,000. Finally, GAMMA Investing LLC raised its holdings in CSX by 10.0% during the second quarter. GAMMA Investing LLC now owns 76,675 shares of the transportation company’s stock valued at $3,644,000 after acquiring an additional 6,985 shares during the period. 73.57% of the stock is currently owned by institutional investors.

Key Headlines Impacting CSX

Here are the key news stories impacting CSX this week:

• Positive Sentiment: CSX reported Q2 adjusted EPS of $0.54, beating estimates, while revenue rose to a record $3.94 billion on stronger intermodal shipments, higher pricing, and broad-based volume gains. CSX second-quarter profit, revenue rises on intermodal demand
• Positive Sentiment: Operating income rose to $1.51 billion and the operating margin expanded to 38.3%, showing that cost controls and pricing are improving profitability even in a challenging freight backdrop. CSX Corp. Announces Second Quarter 2026 Results
• Positive Sentiment: Management raised its full-year 2026 outlook after the beat, reinforcing confidence that recent demand trends and efficiency gains can continue. CSX Earns Buy Rating on Strong Q2 Beat, Raised Guidance and Upside to $54 Price Target Driven by Margin Expansion
• Positive Sentiment: Several analysts responded favorably, including TD Cowen and UBS, which reiterated or raised Buy ratings and lifted price targets to $54, signaling more upside in the stock. Jason Seidl Raises CSX Price Target to $54, Reiterates Buy
• Neutral Sentiment: One Morgan Stanley analyst maintained a Sell rating with a $32 target, but this appears outweighed today by the stronger earnings momentum and more constructive analyst reactions. Analyst Reiterates Sell on CSX

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.