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$CSX

12 stories mentioning CSX

Every FINWIRES story that references CSX, newest first.

Wire

CSX Seen Having 'Meaningful' Efficiency Opportunity Over Medium Term, RBC Says

CSX (CSX) has a "meaningful" efficiency opportunity that could compound in the medium term, along with a volume growth pipeline, RBC Capital Markets said in a Monday note.Under new CEO Steve Angel, the company is implementing a cost transformation, moving to data-driven asset management and more effective use of existing infrastructure anticipated to drive gains in efficiency, RBC analysts said. They noted that CSX is targeting free cash flow above historical levels and prioritizing return on invested capital.On the commercial side, CSX is focusing on pricing supported by more industrial business development and truck-to-rail conversions, the analysts said. The company's more-than-100 industrial projects ramping across different industries and Howard Street Tunnel expansion position it well for sustained load growth, the analysts added.Regulations are tightening truck capacity, which should create incremental conversion opportunities for CSX, but yield improvement in domestic intermodal rail will take time to appear in the results, according to the note.RBC's rating on the company's stock is outperform with a price target of $47.Price: $46.85, Change: $-0.73, Percent Change: -1.52%

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Wire

Baird Adjusts CSX Price Target to $49 From $47, Maintains Outperform Rating

CSX (CSX) has an average rating of overweight and mean price target of $46.31, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $45.97, Change: $-0.23, Percent Change: -0.50%

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Wire

CSX Reports New Share Repurchase Program

CSX (CSX) said in a regulatory filing Thursday its board authorized a new share repurchase program, adding $5 billion in incremental capacity to the some $989 million remaining under its existing buyback program as of March 31.Shares were up over 2% in afternoon trading.Price: $45.59, Change: $+1.19, Percent Change: +2.68%

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Research

Morgan Stanley Downgrades CSX to Underweight From Equalweight, Price Target is $30

CSX (CSX) has an average rating of overweight and mean price target of $45.84, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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US Markets

CSX Turnaround Largely Reflected in Stock Valuation, Morgan Stanley Says in Downgrade

CSX's (CSX) turnaround efforts are going well, but they are largely reflected in the stock's valuation, Morgan Stanley said in a note e-mailed Thursday.Late Wednesday, the rail-based freight transportation supplier reported stronger-than-expected first-quarter earnings, while its revenue fell just short of Wall Street's projections. The company achieved the results as it advanced its efforts to improve efficiency and streamline cost structure, Chief Executive Steve Angel said on an earnings conference call, according to a FactSet transcript."Execution under new CEO Angel is progressing well, with productivity gains, improving efficiency, and a sizable project pipeline supporting volume growth into the cycle," Morgan Stanley said in a note to clients. "However, we believe this turnaround is now largely reflected in both estimates and the stock."The brokerage downgraded its rating on the CSX stock to underweight from equal-weight while keeping its price target at $30.CSX shares were up 7% in Thursday late-afternoon trade, bringing its year-to-date gains to 27%.Although the company's recovery is going well, the stock has run "too far, too fast," Morgan Stanley said. "Without incremental positive surprises, we see downside risk, particularly as expectations build and competition from truck intensifies deeper into the cycle."The brokerage said it sees any "tangible" merger and acquisition developments as unlikely before late next year, limiting the company's relevance in the near term."We will closely track the pace of productivity gains and pipeline conversion, but we also see truck competition intensifying (versus) rail as we push deeper into the upcycle and better risk-reward at other rails," Morgan Stanley said.Railroad operator Union Pacific (UNP) affirmed its full-year earnings outlook Thursday, while its first-quarter bottom-line topped the Street's estimates.Price: $45.95, Change: $+2.77, Percent Change: +6.40%

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Wire

CSX Raises Growth, Margin Targets Under CEO Angel, BofA Says

CSX (CSX) CEO Steve Angel has accelerated service improvements, raised financial targets, and streamlined the cost structure since taking over in September 2025, which is benefiting the company, BofA Securities said Thursday.The company now targets mid-single-digit revenue growth, up from low-single digits, and sees its operating margin gains at the high end of its 200-300 basis points improvement target range. BofA also raised its revenue growth estimate to 4.2% from 1.6%, according to the note.BofA said CSX sees fuel surcharges supporting revenue growth into the mid-single-digit range. Cost controls, particularly in Purchased Services & Other, highlight Angel's strategy of building sustainable long-term productivity gains.The investment firm raised its 2026 EPS estimate to $1.90 from $1.80 and its 2027 EPS estimate to $2.15 from $2.10.BofA maintained a buy rating on CSX and lifted the price objective to $49 from $46.Shares of CSX were up 7.6% in Thursday trading.Price: $46.47, Change: $+3.29, Percent Change: +7.61%

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Research

Research Alert: CFRA Keeps Buy Rating On Shares Of Csx Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:After digesting Q1 2026 results, we increase our 12-month price target by $14 to $60, using an average of a forward P/E of 25.8x our 2027 EPS view of $2.21 ($57) and our DCF model, assuming a terminal growth rate of 2.5%, WACC of 6.2%, and 10-year FCFF CAGR of 12.0% ($63). We raise our 2026 EPS estimate to $1.94 from $1.86 and increase 2027's to $2.21 from $2.07. Our sales projections are $14.8 billion for 2026 and $15.5 billion for 2027. CSX's recent share price increase and bump in valuation is justified by strong operational improvements. The company has started 2026 well, with higher volumes and revenue alongside lower costs. First quarter metrics showed Y/Y gains in train speed, dwell times, and cars online, plus record Q1 fuel efficiency of 0.97 gallons per 1,000 gross ton miles. The Middle East conflict presents both opportunities and risks: rising energy prices benefit some CSX customers but could dampen consumer sentiment if inflation accelerates. Shares yield 1.2%.

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Wire

CSX Positioned for Further Revenue and Margin Growth, RBC Says

CSX (CSX) has more room to grow revenue and margins as rail demand improves and cost controls hold, RBC Capital Markets said Wednesday in a report.The company's Q1 earnings topped expectations, helped by stronger underlying margins and a land sale, RBC said. Excluding the sale, the operating ratio improved, pointing to cost performance that could carry through the year, the report said.Management raised its 2026 revenue outlook to the mid-single-digit range, driven largely by higher fuel-surcharge revenue, the report said. Improving volume trends were not included in the higher guidance, leaving room for upside, especially with CSX's 600-project pipeline and more than 20 projects already placed into service in Q1, RBC said.CSX is now aiming for the high end of its 200- to 300-basis-point margin improvement range, with additional room for operating-ratio gains if recent cost trends continue, the report said. RBC lifted its 2026 EPS estimate to $1.90 from $1.84 and raised its 2027 estimate to $2.11 from $2.06.RBC increased its price target on CSX stock to $47 from $43 and maintained its outperform rating.Price: $46.22, Change: $+3.04, Percent Change: +7.04%

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Wire

CSX Turnaround Going Well, but Valuation Looks Stretched, Morgan Stanley Says

CSX (CSX) stands to gain from an improving industry cycle, but the positives appear to be reflected in its current stock price, creating an unfavorable risk-reward profile, Morgan Stanley said in a Thursday note.The company's turnaround is going well, with a "decent" Q1 earnings beat and a modest increase to full-year guidance, Morgan Stanley analysts said.The leadership team has successfully boosted operational efficiency, as well as built a pipeline of 600 new projects to fill new capacity, the analysts said.CSX stock has been significantly outperforming peers year to date, with gains of 19% compared with the group average of 10%, and over the last 12 months, with gains of 55% compared with 26%, while its valuation is the most expensive in its group, according to the note.Trucking is expected to increasingly challenge railroads in the current cycle, while other railroad firms, particularly Canadian ones, offer a better risk-reward profile, the analysts said.Morgan Stanley downgraded the company's stock to underweight from equal-weight and kept the price target at $30.Price: $46.14, Change: $+2.96, Percent Change: +6.86%

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Research

Morgan Stanley Downgrades CSX to Underweight From Equalweight, Price Target is $30

CSX (CSX) has an average rating of overweight and mean price target of $44.84, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Research Alert: Csx Beats Q1 Consensus Estimates, Reflecting Improved Efficiency

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CSX reported Q1 EPS of $0.43 vs. $0.34 in the prior year, beating consensus by $0.04, while revenue of $3.48B met estimates and rose 2% Y/Y. Operating margin expanded significantly to 36.0% from 30.4%, reflecting a 560-bp improvement that underscores operational efficiency progress. We view this as a solid turnaround after CSX missed expectations in the prior quarter due to weak industrial demand. Revenue growth was driven by higher merchandise pricing, strong 6% intermodal volume growth, and increased fuel surcharge revenue. CSX achieved meaningful operational improvements with train velocity up 7% to 18.9 mph, dwell time improving 7% to 10.7 hours, and carload trip plan performance rising 7% to 74%. The company delivered solid expense management as total costs declined $153M despite inflationary pressures, with labor expenses down $9M even after absorbing $41M in inflation increases, demonstrating workforce optimization benefits that reduced average rail headcount by 1,177 employees.

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Wire

Benchmark Adjusts Price Target on CSX to $46 From $40, Maintains Buy Rating

CSX (CSX) has an average rating of overweight and mean price target of $42.41, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $43.40, Change: $+0.68, Percent Change: +1.59%

$CSX