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Goldman Sachs has lowered its price target for CSX Corporation to $35 from $36 while maintaining a Buy rating. CSX specializes in railroad transport services, with 76% of net sales coming from this sector, including chemicals, coal, and agricultural products. The company operates a network of 57,114 km across the U.S. and Canada, supported by a fleet of 65,826 cars and 3,569 locomotives.
UBS has lowered its price target for Norfolk Southern from $305 to $284 while maintaining a Buy rating, as the stock trades at $235.89. Despite strong fundamentals and a 44-year dividend payment streak, EPS estimates for 2025 have been revised down to $12.60 due to anticipated economic challenges. The company reported Q4 2024 EPS of $3.04, exceeding forecasts, but revenue fell slightly short at $3.02 billion, highlighting operational improvements and plans for future growth.
UBS has lowered its price target for CSX Corporation to $36 from $39 while maintaining a Buy rating, citing challenges such as lower coal pricing and declining chemicals volume. Despite these headwinds, CSX boasts strong gross profit margins and significant annual revenue. Analysts from BofA and RBC also adjusted their targets to $33, while Benchmark remains optimistic with a $38 target, highlighting CSX's potential for EPS growth amid operational challenges.
UBS has lowered its price target for CSX Corporation to $36 from $39 while maintaining a Buy rating. CSX specializes in railroad transport services, with 76% of net sales coming from this sector, including chemicals, coal, and agricultural products. The company operates a network of 57,114 km across the U.S. and Canada, supported by a fleet of 65,826 cars and 3,569 locomotives.
Wells Fargo has lowered its price target for CSX Corporation from $34 to $31 while maintaining an equal-weight rating. CSX specializes in railroad transport services, with net sales primarily from transporting chemicals, coal, and agricultural products. The company operates a network of 57,114 km across the U.S. and Canada, supported by a fleet of 65,826 cars and 3,569 locomotives.
CSX Corporation, a leader in rail transportation, generates 76% of its net sales from various services, including chemicals (23.3%), coal (19.2%), and agricultural products (14.9%). The company operates a vast network of 57,114 km across the U.S. and Canada, supported by a fleet of 65,826 wagons and 3,569 locomotives.
FMR LLC increased its stake in CSX Corporation, owning 15.6 million shares valued at $539 million, while UBS AM raised its holdings by 6.1% to 12.7 million shares worth $440 million. Hedge funds and institutional investors control 73.57% of CSX stock. Analysts have lowered price targets for CSX, with an average rating of "Moderate Buy" and a target of $38.22.
CSX Corp. Executive Vice President and Chief Financial Officer Sean Pelkey will speak at the 2024 UBS Global Industrials and Transportation Conference on December 4 at 8:00 a.m. Eastern Time. The address will be available via live webcast, with a replay accessible afterward. CSX, based in Jacksonville, Florida, is a leading transportation company providing rail and intermodal services across various markets.
CSX Executive Vice President and CFO Sean Pelkey will present at the 2024 UBS Global Industrials and Transportation Conference on December 4 at 8:00 a.m. Eastern Time in Palm Beach. Investors can access a live webcast of the presentation on the company's investor relations website, with a replay available afterward.
The automotive industry is undergoing a significant shift as companies aim to cut costs after years of excessive spending on electric and autonomous vehicles. Major players like GM and Ford are laying off thousands and restructuring to enhance capital efficiency, while Stellantis faces challenges despite achieving cost reductions post-merger. Analysts highlight the need for collaboration and shared resources to avoid the wasteful practices that have plagued the sector.
CSX Corporation
Companies
| Symbol | CSX |
| Name | CSX Corporation |
| Currency | USD |
| Sector | Industrials |
| IndustryGroup | Transportation |
| Industry | Road & Rail |
| Market | NASDAQ Global Select |
| Country | United States |
| State | FL |
| City | Jacksonville |
| Zipcode | 32202 |
| Website | http://www.csx.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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