CSX (CSX) Getting Somewhat Positive News Coverage, Analysis Shows

News coverage about CSX (NASDAQ:CSX) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CSX earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 46.8707618979616 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s rankings:

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded CSX from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. BidaskClub upgraded CSX from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. UBS Group set a $68.00 price objective on CSX and gave the stock a “buy” rating in a report on Friday, November 17th. Credit Suisse Group increased their price objective on CSX from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Finally, Goldman Sachs Group assumed coverage on CSX in a report on Monday, November 13th. They set a “sell” rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $59.40.

Shares of CSX (NASDAQ:CSX) traded down $0.44 during midday trading on Wednesday, reaching $57.69. The company had a trading volume of 11,093,515 shares, compared to its average volume of 8,930,000. CSX has a 1 year low of $36.21 and a 1 year high of $60.04. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $51,560.00, a PE ratio of 9.50, a PEG ratio of 1.55 and a beta of 1.35.

CSX (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, January 16th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. CSX had a return on equity of 17.28% and a net margin of 15.45%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. sell-side analysts forecast that CSX will post 2.21 earnings per share for the current fiscal year.

CSX declared that its Board of Directors has approved a stock repurchase plan on Wednesday, October 25th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

In related news, Director Gary Keith Anderson purchased 5,000 shares of CSX stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average cost of $2,300.00 per share, with a total value of $11,500,000.00. Corporate insiders own 4.79% of the company’s stock.

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About CSX

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.

Insider Buying and Selling by Quarter for CSX (NASDAQ:CSX)

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