CSX Corporation (CSX) Given Daily News Impact Rating of 0.17
Press coverage about CSX Corporation (NASDAQ:CSX) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 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 media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 47.0809979111865 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Old Man’s Folly? CSX’s Harrison Testimony Bolsters Calls for Stricter Rail Regulation (mhlnews.com)
- CSX Corporation (CSX) and Its Rivals Head-To-Head Analysis (americanbankingnews.com)
- Monthly upward Move – CSX Corporation (CSX) performed 1.44% – Street Observer (press release) (streetobserver.com)
- CSX earnings preview: An ‘underwhelming’ Q3 may set stage for long-term success. (finance.yahoo.com)
- CSX Corporation (CSX) and Its Competitors Head-To-Head Survey (americanbankingnews.com)
Shares of CSX Corporation (NASDAQ CSX) opened at 52.84 on Tuesday. CSX Corporation has a 52 week low of $30.01 and a 52 week high of $55.48. The stock’s 50 day moving average price is $52.04 and its 200 day moving average price is $51.46. The firm has a market capitalization of $48.26 billion, a P/E ratio of 27.64 and a beta of 1.35.
CSX Corporation (NASDAQ:CSX) last announced its quarterly earnings data on Tuesday, July 18th. The transportation company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.05. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.85 billion. CSX Corporation had a net margin of 15.46% and a return on equity of 16.93%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. On average, analysts predict that CSX Corporation will post $2.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.51%. CSX Corporation’s dividend payout ratio is currently 41.88%.
CSX Corporation announced that its board has authorized a share buyback plan on Tuesday, July 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy up to 1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
Several equities research analysts have recently issued reports on CSX shares. BidaskClub cut CSX Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Credit Suisse Group restated a “buy” rating and set a $65.00 price objective on shares of CSX Corporation in a report on Friday, July 14th. Royal Bank Of Canada restated a “buy” rating and set a $65.00 price objective on shares of CSX Corporation in a report on Wednesday, July 12th. Zacks Investment Research upgraded CSX Corporation from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, July 11th. Finally, TD Securities decreased their price objective on CSX Corporation from $64.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have given a buy rating to the company’s stock. CSX Corporation currently has a consensus rating of “Buy” and an average price target of $54.59.
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In other CSX Corporation news, Director Ridge Lp Mantle bought 1,357,000 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average price of $51.59 per share, with a total value of $70,007,630.00. Following the completion of the purchase, the director now directly owns 106 shares in the company, valued at approximately $5,468.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.79% of the company’s stock.
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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