Media headlines about CSX Corporation (NASDAQ:CSX) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CSX Corporation earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 45.1003703050349 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- CSX Train Blocks Mill Street Crossing — Again (patch.com)
- CSX, state reach settlement on fuel spill from derailment (washingtonpost.com)
- Family of CSX CEO Harrison pays $14M to buy out partner on equestrian property (bizjournals.com)
- Maryland congressional delegation wants CSX to explain Howard Street Tunnel decision (baltimoresun.com)
- ETFs with exposure to CSX Corp. : November 2, 2017 (finance.yahoo.com)
Several equities analysts have recently weighed in on CSX shares. Zacks Investment Research upgraded CSX Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, July 11th. Royal Bank Of Canada restated a “buy” rating and set a $65.00 price target on shares of CSX Corporation in a report on Wednesday, July 12th. Credit Suisse Group restated a “buy” rating and set a $65.00 price target on shares of CSX Corporation in a report on Friday, July 14th. BidaskClub downgraded CSX Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, J P Morgan Chase & Co reduced their price target on CSX Corporation from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $56.76.
CSX Corporation (NASDAQ:CSX) opened at $51.31 on Friday. The stock has a market capitalization of $46.13 billion, a PE ratio of 24.01, a PEG ratio of 1.59 and a beta of 1.33. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.08.
CSX Corporation (NASDAQ:CSX) last posted its quarterly earnings results on Tuesday, October 17th. The transportation company reported $0.51 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.77 billion. CSX Corporation had a net margin of 15.45% and a return on equity of 17.28%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. analysts anticipate that CSX Corporation will post 2.21 EPS for the current fiscal year.
CSX Corporation declared that its board has approved a share repurchase program on Tuesday, July 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the transportation company to reacquire up to 1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.56%. CSX Corporation’s dividend payout ratio is 41.24%.
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About CSX Corporation
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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