CSX Corporation (CSX) Given Media Sentiment Rating of 0.19
Media stories about CSX Corporation (NASDAQ:CSX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CSX Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 46.2509442368559 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- CSX Corporation Declares Quarterly Dividend of $0.20 (CSX) (americanbankingnews.com)
- Head-To-Head Survey: CSX Corporation (CSX) vs. The Competition (americanbankingnews.com)
- Traders Purchase High Volume of Call Options on CSX Corporation (CSX) (americanbankingnews.com)
- Why CSX’s Freight Volumes Fell Last Week (marketrealist.com)
A number of research firms recently weighed in on CSX. BidaskClub upgraded CSX Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Credit Suisse Group restated a “buy” rating and issued a $65.00 price target on shares of CSX Corporation in a research note on Friday, July 14th. Zacks Investment Research upgraded CSX Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, July 11th. Morgan Stanley cut CSX Corporation from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $44.00 to $43.00 in a research note on Monday. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $65.00 price objective on shares of CSX Corporation in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $54.09.
Shares of CSX Corporation (NASDAQ:CSX) opened at 52.35 on Friday. The company has a 50-day moving average price of $51.28 and a 200 day moving average price of $51.12. CSX Corporation has a 1-year low of $30.01 and a 1-year high of $55.48. The firm has a market capitalization of $47.81 billion, a price-to-earnings ratio of 27.38 and a beta of 1.35.
CSX Corporation (NASDAQ:CSX) last announced its earnings results on Tuesday, July 18th. The transportation company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.85 billion. CSX Corporation had a return on equity of 16.93% and a net margin of 15.46%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. On average, equities research analysts predict that CSX Corporation will post $2.22 EPS for the current year.
CSX Corporation declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 1.53%. CSX Corporation’s dividend payout ratio is currently 41.88%.
In other news, Director Ridge Lp Mantle acquired 1,357,000 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was purchased at an average cost of $51.59 per share, for a total transaction of $70,007,630.00. Following the acquisition, the director now owns 106 shares of the company’s stock, valued at $5,468.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.79% of the stock is owned by corporate insiders.
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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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