Bank of America Securities analyst Ken Hoexter reiterated a Buy rating on CSX on October 24 and set a price target of $41.00.
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Ken Hoexter has given his Buy rating due to a combination of factors including CSX’s impressive performance in increasing its Intermodal carloads by 9% year-over-year, which contrasts with Norfolk Southern’s 5% decline. This shift is partly attributed to J.B. Hunt Transport Services moving some of its business to CSX, facilitated by a new Intermodal service agreement with BNSF. This change indicates a strategic advantage for CSX in capturing market share.
Furthermore, Hoexter reiterates the Buy rating with a price objective of $41, based on a valuation of 21.5 times the estimated earnings per share for 2026. This valuation is supported by rebounding earnings and improved service levels, positioning CSX favorably within the historical range of the rail industry. The positive outlook and strategic gains in market share underpin the Buy recommendation.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $41.00 price target.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSX in relation to earlier this year.