Press coverage about CSX Corporation (NASDAQ:CSX) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CSX Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 45.420598546732 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Lockheed Martin Corporation (LMT) Downgraded by BidaskClub (wisdomsave.com)
- Salem Investment Counselors Inc. Lowers Stake in CSX Corporation (CSX) (lazeresportes.com)
- Fiduciary Group LLC Decreases Stake in CSX Corporation (CSX) (footballhebdo.com)
- Share Repurchase Plan Authorized by CSX Corporation (CSX) Board of Directors (overnewsmagazine.com)
- Traders Purchase High Volume of Put Options on CSX Corporation (CSX) (campdesrecrues.com)
Several research firms recently issued reports on CSX. Royal Bank Of Canada restated a “buy” rating and set a $65.00 price target on shares of CSX Corporation in a research report on Friday. BidaskClub upgraded CSX Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday. Deutsche Bank AG restated a “buy” rating on shares of CSX Corporation in a research report on Wednesday, August 2nd. Cowen and Company reiterated a “hold” rating and issued a $54.00 price objective on shares of CSX Corporation in a research report on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $57.00 price objective (up from $50.00) on shares of CSX Corporation in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have given a buy rating to the company’s stock. CSX Corporation has an average rating of “Buy” and an average target price of $53.74.
Shares of CSX Corporation (CSX) opened at 50.27 on Friday. The stock has a market capitalization of $45.91 billion, a P/E ratio of 26.29 and a beta of 1.30. CSX Corporation has a 52-week low of $27.82 and a 52-week high of $55.48. The company has a 50 day moving average price of $52.23 and a 200-day moving average price of $50.22.
CSX Corporation (NASDAQ:CSX) last announced its earnings results on Tuesday, July 18th. The transportation company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. CSX Corporation had a net margin of 15.46% and a return on equity of 16.93%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that CSX Corporation will post $2.30 earnings per share for the current fiscal year.
CSX Corporation announced that its Board of Directors has approved a share repurchase plan on Thursday, April 20th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the transportation company to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.20 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.59%. CSX Corporation’s payout ratio is 41.88%.
In other news, Director Ridge Lp Mantle purchased 1,357,000 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average cost of $51.59 per share, with a total value of $70,007,630.00. Following the completion of the acquisition, the director now directly owns 106 shares of the company’s stock, valued at approximately $5,468.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.79% of the stock is currently owned by corporate insiders.
CSX Corporation Company Profile
CSX Corporation is a transportation company. The Company provides rail-based freight transportation services, including traditional rail service and transport of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations.
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