CSX

CSX · NASDAQ

$48.08+$0.20 (+0.42%)TodayMarket closed · Oct 20, 7:58 PM ET

Prev close $47.88

CSX analyst rating

BuyConsensus of 18 analysts over the last 12 months. 61% rate it a buy.

Strong buy0
Buy11
Hold6
Underperform1
Sell0

12-month price target · 25 analysts

Average $53.89 (+12.1% upside)

Low: $32.32
Now: $48.08
High: $63.00

Upgrades and downgrades

The latest rating actions, newest first

CSX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Oct 7, 2026	Maintains	Neutral	$54.00 → $53.00	66%
JP Morgan	Oct 5, 2026	Maintains	Overweight	$58.00 → $57.00	56%
Susquehanna	Oct 2, 2026	Maintains	Positive	$59.00 → $55.00	52%
B of A Securities	Sep 18, 2026	Maintains	Buy	$56.00 → $55.00	55%
Citigroup	Jul 24, 2026	Maintains	Neutral	$53.00 → $54.00	66%
JP Morgan	Jul 23, 2026	Maintains	Overweight	$56.00 → $58.00	56%
B of A Securities	Jul 23, 2026	Maintains	Buy	$53.00 → $56.00	55%
TD Cowen	Jul 23, 2026	Maintains	Buy	$46.00 → $54.00	21%
BMO Capital	Jul 23, 2026	Maintains	Market Perform	$49.00 → $52.00	71%
RBC Capital	Jul 23, 2026	Maintains	Outperform	$51.00 → $54.00	61%

The case for and against

Updated Oct 21, 2026

Bull case

CSX is well positioned by broad-based operational momentum, with Q2 revenue up 10% on 6% volume growth and EPS of $0.54 above consensus, driven by strong intermodal, chemicals, and minerals demand. Its positive outlook is reinforced by truck-to-rail conversion, tighter truck supply, and the Howard Street Tunnel’s double-stack capacity, which should support further intermodal gains while management now expects over 350bps of operating ratio improvement. With nearly $14 billion of 2025 revenue across 21,000 miles of track and a mix of coal, chemicals, intermodal, and automotive freight, CSX also benefits from higher pricing, disciplined costs, and a robust productivity pipeline.

Bear case

CSX is pressured by a delayed rail pricing recovery, limited evidence that rail consolidation will materialize, and persistently elevated truckload capacity that can cap rate gains while intensifying competition from other railroads. Although 2025 revenue approached $14 billion and merchandise demand has improved in areas like chemicals, metals, and infrastructure-related freight, the business still faces material exposure to coal, service disruptions, weather, and the inability to secure compensatory pricing. The stock’s sharp rerating from its March 2025 trough toward the higher end of its NTM P/E range also leaves less valuation support if broad economic weakness, lower coal demand, or softer industrial volumes emerge.

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