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Insider Trading

CSX Insider Sold Shares Worth $1,598,700, According to a Recent SEC Filing

Angela C Williams, Vice President & Chief Accounting Officer, on July 24, 2026, sold 30,000 shares in CSX (CSX) for $1,598,700. Following the Form 4 filing with the SEC, Williams has control over a total of 19,969 common shares of the company, with 10,437 shares held directly and 9,532 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/277948/000119312526318102/xslF345X05/ownership.xml

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Wire

CSX's Margin Story Likely on Track, UBS Says

CSX (CSX) delivered a solid upside to Q2 print, with cost side performance supporting earnings, UBS said in a note Thursday.The report pointed to favorable outlook for volumes despite easing in auto & chemicals as the company expects growth in domestic intermodal, forest products, metals and minerals.The note also said the new capability and efficiency from Howard Street tunnel/double stack project along with further truckload conversion to intermodal provide potential for sequential growth in intermodal off what was already a strong level in Q2.CSX indicated it is too early to provide a view on 2027 pricing, but they are seeing acceleration in domestic spot and rail asset contract renewals in intermodal, the note added."We continue to believe the combination of improving volume growth, future pricing gains (2027) and execution of their cost programs supports margin improvement, EPS growth and upside for CSX stock," the report said.UBS kept its buy rating and a $54 price target.Price: $52.78, Change: $+2.85, Percent Change: +5.71%

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Wire

CSX Keeping Momentum Going With Solid Q2, 2026 Outlook Raise, RBC Says

CSX (CSX) kept its momentum going, with Q2 topping expectations and the company raising its 2026 outlook, RBC Capital Markets said in a Thursday note.The company reported fiscal Q2 net earnings late Wednesday of $0.54 per diluted share, up from $0.44 a year earlier, as revenue increased to $3.94 billion from $3.57 billion. RBC said the period saw solid operating leverage, backed by strong volumes.For 2026, CSX now expects a mid- to high-single digit growth in revenue, from mid-single digit previously, and for margins to improve over 350 basis points from the previous forecast of 200 to 300 basis points, according to the note.The increased outlook reflects robust volumes and fuel surcharge revenue, RBC said. CSX is also seeing significant truck to rail conversion, which buoyed the company's intermodal revenue, the investment firm added.RBC raised its price target on CSX to $54 from $51, with an outperform rating.Price: $52.43, Change: $+2.50, Percent Change: +5.00%

$CSX
Update: Equities Mostly Lower as Oil Prices Extend Rally
US Markets

Update: Equities Mostly Lower as Oil Prices Extend Rally

(Updates with market moves at the end of the day.)US equity benchmarks ended mostly lower Wednesday ahead of key earnings releases, while oil prices headed for their fourth consecutive day of gains.The Nasdaq Composite fell 0.6% to 25,690.90, while the S&P 500 edged down 0.1% to 7,498.96. The Dow Jones Industrial Average was little changed at 52,218.58. Among sectors, communication services led the laggards, while utilities paced the gainers.Google parent Alphabet (GOOG, GOOGL) and electric vehicle manufacturer Tesla (TSLA) released their quarterly earnings after the closing bell.Texas Instruments (TXN), IBM (IBM), ServiceNow (NOW) and CSX (CSX) were also scheduled to release their results after market close.West Texas Intermediate crude oil was up 2.5% at $86.41 a barrel in Wednesday late-afternoon trade, while Brent advanced 3% to $93.76. Brent briefly traded above $95 earlier Wednesday amid escalating tensions between the US and Iran.In a social media post Wednesday, US President Donald Trump vowed to destroy an Iranian bridge or power plant every time Tehran attacks ships in the Strait of Hormuz.Iran's Islamic Revolutionary Guard Corps said it hit Jordan's King Faisal and Prince Hassan bases with missiles and drones, claiming to have targeted US military equipment in response to recent American strikes, CNN reported. The US Central Command said Tuesday it struck Iran for the 11th consecutive evening.More tankers changed course in the Red Sea Wednesday following threats by Yemen's Iran-aligned Houthis to attack vessels using Saudi Arabian ports, BBC and Reuters reported.Treasury yields were higher, with the two-year rate up 4.5 basis points at 4.31% and the 10-year rate rising 3.3 basis points to 4.66%.In corporate news, shares of Super Micro Computer (SMCI) jumped nearly 20%, the best performer on the S&P 500. The company said in a preliminary business update late Tuesday that it received more than $60 billion in new orders during its fiscal fourth quarter. It raised the gross margin outlook for the period.Alaska Air (ALK) fell 2.4% as the airline late Tuesday issued a downbeat third-quarter earnings outlook and swung to a second-quarter loss.Gold was up 1.5% at $4,135.60 per troy ounce, while silver gained 1.4% to $59.92 per ounce.

Dow JonesNasdaq CompositeS&P 500$ALK$CSX$GOOG$GOOGL$IBM$NOW$SMCI$TSLA$TXN
Wire

CSX Fiscal Q2 Earnings, Revenue Rise

CSX (CSX) reported fiscal Q2 net earnings late Wednesday of $0.54 per diluted share, up from $0.44 a year earlier.Analysts surveyed by FactSet expected $0.52.Revenue for the three months ended June 30 was $3.94 billion, up from $3.57 billion a year earlier.Analysts expected $3.89 billion.

$CSX
Update: Equities Mixed Intraday as Traders Await Alphabet, Tesla Results
US Markets

Update: Equities Mixed Intraday as Traders Await Alphabet, Tesla Results

(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday ahead of earnings releases from technology giants Alphabet (GOOG, GOOGL) and Tesla (TSLA), while oil prices advanced further.The Dow Jones Industrial Average was up 0.3% at 52,372.4 after midday Wednesday, while the S&P 500 edged up 0.2% to 7,520.4. The Nasdaq Composite ticked down 0.1% to 25,812.3. Among sectors, utilities paced the gainers, while consumer discretionary saw the steepest decline.Google parent Alphabet and electric vehicle manufacturer Tesla are scheduled to report their quarterly earnings after the markets close, along with Texas Instruments (TXN), IBM (IBM), ServiceNow (NOW) and CSX (CSX).West Texas Intermediate crude oil was up 2.4% at $86.32 a barrel intraday, while Brent advanced 2.7% to $93.47. Both benchmarks were on track for their fourth consecutive day of gains, with Brent briefly trading above $95 earlier Wednesday amid escalating tensions between the US and Iran.In a social media post Wednesday, US President Donald Trump vowed to destroy an Iranian bridge or power plant every time Tehran attacks ships in the Strait of Hormuz.Iran's Islamic Revolutionary Guard Corps said it hit Jordan's King Faisal and Prince Hassan bases with missiles and drones, claiming to have targeted US military equipment in response to recent American strikes, CNN reported. The US Central Command said Tuesday it struck Iran for the 11th consecutive evening.Four more tankers changed course in the Red Sea Wednesday following threats by Yemen's Iran-aligned Houthis to attack vessels using Saudi Arabian ports, Reuters reported.Treasury yields were higher intraday, with the two-year rate up 3.7 basis points at 4.3% and the 10-year rate rising 1.8 basis points to 4.65%.In corporate news, shares of Super Micro Computer (SMCI) jumped nearly 24% intraday, the best performer on the S&P 500. The company said in a preliminary business update late Tuesday that it received more than $60 billion in new orders during its fiscal fourth quarter. It raised the gross margin outlook for the period.Alaska Air (ALK) slumped 5.3% as the airline late Tuesday issued a downbeat third-quarter earnings outlook and swung to a second-quarter loss.Gold was up 1.8% at $4,151.20 per troy ounce, while silver gained 2% to $60.30 per ounce.

Dow JonesNasdaq CompositeS&P 500$ALK$CSX$GOOG$GOOGL$IBM$NOW$SMCI$TSLA$TXN
Stocks Fall Pre-Bell Ahead of Alphabet, Tesla Earnings
US Markets

Stocks Fall Pre-Bell Ahead of Alphabet, Tesla Earnings

The main US stock measures were pointing lower in Wednesday's premarket activity as investors await the latest financial results of technology giants Alphabet (GOOG, GOOGL) and Tesla (TSLA) and monitor the ongoing Middle East conflict.The S&P 500 declined 0.3%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was off 0.7% before the opening bell. The indexes ended Tuesday trading higher following a three-day slump.Google parent Alphabet and electric vehicle manufacturer Tesla are scheduled to report their quarterly earnings after the markets close, along with Texas Instruments (TXN), IBM (IBM), ServiceNow (NOW) and CSX (CSX).Philip Morris International (PM), GE Vernova (GE), AT&T (T), Northern Trust (NTRS) and RPM International (RPM) are expected to post their results before the bell, among others.West Texas Intermediate crude oil gained 4.2% to $87.91 a barrel in premarket action, while Brent increased 4.1% to $94.76.The US Central Command said Tuesday its forces completed another round of strikes against Iran as part of attempts to degrade its ability to threaten commercial ships in the Strait of Hormuz.At the ASEAN foreign ministers' meeting in the Philippines on Wednesday, US Secretary of State Marco Rubio accused Iran of not being serious about peace talks with the US, CNBC reported.Rubio reportedly said a key sticking point in talks with Iran was Tehran's demand for the right to control traffic through the Strait of Hormuz, arguing that allowing any country to control an international waterway would set a dangerous precedent.Treasury yields were mixed before the open, with the two-year rate down 0.1 basis points to 4.26% while the 10-year rate inclined 0.2 basis points to 4.63%.In a social media post on Tuesday, President Donald Trump said the import of all generic drugs into the US will be subject to zero tariffs for a two-year period, effective Aug. 1. Tariffs on the drugs would then rise to 100% for one year before increasing to 200% thereafter, according to Trump."This is done in order to reshore generic pharmaceutical production into America, with a penalty to those companies that decide not to build plant and equipment within the stated period of time given to them," Trump said.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the weekly EIA domestic petroleum inventories report at 10:30 am.Shares of Super Micro Computer (SMCI) jumped 17% before the bell after the company said it received more than $60 billion in new orders during its fiscal fourth quarter and raised its gross margin outlook. Dell Technologies gained 4.6% after closing the previous session up 6%.Alaska Air (ALK) decreased 1.3% as the airline issued a downbeat third-quarter earnings outlook and swung to a second-quarter loss. Rocket Lab (RKLB) advanced 4.5%.Gold traded up 1.2% at $4,124 per troy ounce, while bitcoin was down 0.7% at $65,922.

Dow JonesNasdaq CompositeS&P 500$ALK$CSX$DELL$GE$GOOG$GOOGL$IBM$NOW$NTRS$PM$RKLB$RPM$SMCI$T$TSLA$TXN
Wire

Bernstein Adjusts CSX Price Target to $47 From $39, Maintains Market Perform Rating

CSX (CSX) has an average rating of overweight and mean price target of $50.75, according to analysts polled by FactSet.Price: $49.11, Change: $-0.81, Percent Change: -1.62%

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Research

Susquehanna Upgrades CSX to Positive From Neutral, Adjusts Price Target to $58 From $50

CSX (CSX) has an average rating of overweight and mean price target of $50.11, 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://finwires.com/en/contact)

$CSX
Canadian National, CSX, Union Pacific Poised for Earnings Beats on Strong Volumes, RBC Says
US Markets

Canadian National, CSX, Union Pacific Poised for Earnings Beats on Strong Volumes, RBC Says

Railroad companies Canadian National Railway (CNI), CSX (CSX), and Union Pacific (UNP) are well-positioned to beat second-quarter earnings expectations amid strong volume trends, RBC Capital Markets said Wednesday in a report.Canadian National's year-to-date volumes are trending up 3.6%, setting the stage for a projected second-quarter profit of $1.95 a share, the report said. Union Pacific's profit is expected to be $3.28 a share, and CSX is projected to earn $0.51 a share, RBC said."Overall, we see Canadian National, CSX, and Union Pacific as delivering the best earnings upside versus consensus given strong volume trends," the report said.RBC had a more cautious tone on Canadian Pacific Kansas City (CP) and predicted a "near-term neutral reaction" as a mix of strong operating metrics and stable volumes may be offset by recent derailments and rising share-based compensation costs.CSX will report results on July 22, followed by Canadian National Railway on July 24.RBC raised its price targets to $195 from $178 for Canadian National, to $139 from $127 for Canadian Pacific, and to $51 from $47 on CSX "due to indications the freight backdrop is improving."RBC lowered its price target for Norfolk Southern (NSC) after applying a 10% discount due to higher deal-related risk, noting that it continues "to see quarterly results as less impactful to sentiment given the proposed merger with Union Pacific."Last year, Union Pacific agreed to acquire Norfolk Southern in a cash-and-stock deal valuing the smaller railroad operator at about $85 billion. The deal faces regulatory headwinds after the US Surface Transportation Board paused review of the deal in late May, giving the companies until July 27 to provide more comprehensive traffic and market-competition data.Price: $116.07, Change: $+1.17, Percent Change: +1.02%

$CNI$CP$CSX$NSC$UNP
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://finwires.com/en/contact)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://finwires.com/en/contact)

$CSX
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%

$CSX$UNP
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%.

$CSX
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%

$CSX
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://finwires.com/en/contact)

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