CSX - CSX Stock Forecast, Price & News

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CSX in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CSX shares.
View CSX analyst ratings or view top-rated stocks.

22 Wall Street analysts have issued 1-year target prices for CSX's shares. Their CSX stock forecasts range from $25.00 to $41.00. On average, they anticipate the company's share price to reach $36.52 in the next year. This suggests a possible upside of 11.1% from the stock's current price.
View analysts price targets for CSX or view top-rated stocks among Wall Street analysts.

CSX's stock was trading at $37.60 at the beginning of 2022. Since then, CSX stock has decreased by 12.6% and is now trading at $32.88.
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CSX saw a drop in short interest in July. As of July 15th, there was short interest totaling 22,990,000 shares, a drop of 22.3% from the June 30th total of 29,600,000 shares. Based on an average daily volume of 17,130,000 shares, the short-interest ratio is presently 1.3 days.
View CSX's Short Interest.

CSX is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our CSX earnings forecast.

CSX Co. (NASDAQ:CSX) announced its quarterly earnings results on Wednesday, July, 20th. The transportation company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. The transportation company earned $3.82 billion during the quarter, compared to analyst estimates of $3.67 billion. CSX had a trailing twelve-month return on equity of 29.07% and a net margin of 28.24%. The firm's revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS.
Read the conference call transcript.

CSX announced a quarterly dividend on Wednesday, July 13th. Investors of record on Wednesday, August 31st will be given a dividend of $0.10 per share on Thursday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, August 30th.
Read our dividend analysis for CSX.

CSX (NASDAQ:CSX) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.21%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CSX will have a dividend payout ratio of 20.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CSX.

CSX's stock split before market open on Tuesday, June 29th 2021. The 3-1 split was announced on Friday, June 4th 2021. The newly issued shares were issued to shareholders after the market closes on Monday, June 28th 2021. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

CSX declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 21st 2020, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 8.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

112 employees have rated CSX Chief Executive Officer Jim Foote on Glassdoor.com. Jim Foote has an approval rating of 12% among the company's employees. This puts Jim Foote in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other CSX investors own include Intel (INTC), Cisco Systems (CSCO), Johnson & Johnson (JNJ), AT&T (T), Home Depot (HD), Walt Disney (DIS), Pfizer (PFE), Procter & Gamble (PG), Verizon Communications (VZ) and NVIDIA (NVDA).

CSX trades on the NASDAQ under the ticker symbol "CSX."

CSX's stock is owned by many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.30%), Assenagon Asset Management S.A. (0.19%), Russell Investments Group Ltd. (0.15%), ProShare Advisors LLC (0.12%), Calamos Advisors LLC (0.12%) and State Board of Administration of Florida Retirement System (0.12%). Insiders that own company stock include Angela C Williams, David M Moffett, Diana B Sorfleet, James M Foote, John J Zillmer, Juan Andres, Kevin S Boone, Mark Kenneth Wallace, Nathan D Goldman, Nathan D Goldman, Paul C Hilal, Ridge Lp Mantle and Steven T Halverson.
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Shares of CSX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CSX stock can currently be purchased for approximately $32.88.

CSX (NASDAQ:CSX) has a market capitalization of $70.40 billion and generates $12.52 billion in revenue each year. The transportation company earns $3.78 billion in net income (profit) each year or $1.78 on an earnings per share basis.

CSX employs 20,900 workers across the globe.

CSX was founded in 1827.

CSX's mailing address is 500 WATER STREET 15TH FLOOR, JACKSONVILLE FL, 32202. The official website for the company is www.csx.com. The transportation company can be reached via phone at (904) 359-3200 or via fax at 804-782-1409.