B of A Securities Reiterates Buy Rating on CSX Corporation
Analyst Ken Hoexter maintains a buy rating on CSX with a $53 target, a 14.72% upside from the current price.
Key Points
- B of A Securities analyst Ken Hoexter reiterated a buy rating on CSX Corporation with a price target of $53 on June 17, 2026.
- B of A Securities's $53 price target implies 14.72% upside from CSX Corporation's ($CSX) current $46.20 share price.
- CSX shares traded at $46.90, with a market cap of about $87.1 billion and a P/E ratio of 28.77.
- Insiders, including CEO Stephen Angel, made recent trades, and major funds like BlackRock increased their holdings.
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B of A Securities analyst Ken Hoexter reiterated his buy rating on CSX Corporation (NasdaqGS: CSX) on June 17, 2026. Hoexter set a price target of $53 for the rail transportation company, which provides freight services across the U.S. and Canada.
CSX Corporation Stock Down 9.7%
Shares of CSX Corporation are trading around $46.90. The company has a market capitalization of approximately $87.1 billion and a P/E ratio of 28.77. Its forward P/E is 21.64, and the stock has a beta of 1.222. Over the past 52 weeks, CSX's stock has ranged from a low of $31.80 to a high of $48.03. The stock's 50-day moving average is $45.10, while the 200-day moving average is $38.94. CSX has a current ratio of 0.966 and a quick ratio of 0.775, with a debt-to-equity ratio of 143.06.
$CSX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
CSX Corporation reported revenue of $14.15 billion, showing a growth of 1.7%. The company's net margin stands at 21.55%, and it boasts a return on equity of 23.68%. CSX's earnings per share (EPS) is $1.63. The next earnings report is expected on July 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
11 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 9.2%. Revenue missed estimates by 1.2%.
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Profit surprise
EBITDA beat by 7 percent. Operating income beat by 11 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 downgrade, 11 target raises.
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Earnings quality
Gross margin up 17.5 points. Operating margin up 5.6 points. Positive free cash flow.
Earnings Call Summary
CSX had a strong first quarter with revenue up 2 percent and costs down 6 percent, driving 26 percent EPS growth to 43 cents. Management highlighted over 100 productivity initiatives underway, cutting 7 percent off the vehicle fleet, improving fuel efficiency to a record 0.97 gallons per thousand ton miles, and launching new services. The Howard Street Tunnel bridge completion in the next week will unlock double-stack rail capacity for the East-West corridor and add new market connections.
Guidance CSX raised full year revenue guidance to mid-single-digit growth from low single digits, driven mainly by higher fuel prices starting in the second quarter. The company expects operating margin to expand 200 to 300 basis points, now trending toward the high end. Free cash flow should grow more than 60 percent versus 2025.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
CSX Corporation pays an annual dividend rate of $0.56, offering a yield of 1.19%. The dividend payout ratio is 32.52%.
Insider Buying and Selling at CSX Corporation
Several insiders at CSX have been active in trading the company's stock. On June 3, 2026, Kevin Boone, the Executive Vice President and CFO, bought 136,708 shares at an average price of $23.40. On the same day, he also sold the same amount of shares at an average price of $46.70. Additionally, CEO Stephen Angel purchased 197 shares at $45.86 on June 1, 2026.
Analysts Set New Price Targets
On June 17, 2026, B of A Securities maintained its buy rating on CSX with a $53 price target. Other analysts, such as Baird and RBC Capital, have also maintained buy ratings with targets of $47. The consensus among 22 analysts is a buy recommendation, with a mean target price of $46.16.
About CSX Corporation
CSX Corporation operates in the industrial sector, specifically within the railroads industry. Headquartered in Jacksonville, Florida, the company provides rail-based freight transportation services in the U.S. and Canada. Led by CEO Stephen F. Angel, CSX employs around 22,200 people. The company operates a 20,000-mile rail network serving major population centers east of the Mississippi River.
Bottom Line
B of A Securities' reiteration of a buy rating with a $53 target reflects confidence in CSX Corporation's prospects. Investors often look at analyst ratings to gauge market sentiment. As a reminder, these ratings are based on past data and may not represent future performance.
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