Media headlines about CSX (NASDAQ:CSX) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CSX earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 45.3702501344028 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s analysis:
- $0.66 Earnings Per Share Expected for CSX Co. (CSX) This Quarter (americanbankingnews.com)
- I-85 lanes reopened in Spartanburg Co. – WSPA.com (wspa.com)
- More than 100 former employees sue CSX (finance.yahoo.com)
- CSX Gulf rail line sale could impact passenger train hopes (firstcoastnews.com)
- City of Watertown officials disagree with CSX’s approach to falling concrete at West Main Street railroad bridge (watertowndailytimes.com)
Shares of CSX (CSX) opened at $57.48 on Wednesday. CSX has a 12 month low of $45.41 and a 12 month high of $60.04. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $51,095.93, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.22 dividend. This is a positive change from CSX’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, February 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.53%. CSX’s dividend payout ratio (DPR) is presently 14.50%.
CSX declared that its Board of Directors has approved a stock repurchase program on Monday, February 12th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
Several equities research analysts recently commented on the company. Scotiabank set a $63.00 target price on CSX and gave the company a “hold” rating in a report on Wednesday, January 17th. TD Securities raised their target price on CSX from $60.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, January 17th. Bank of America dropped their target price on CSX from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Citigroup reiterated a “buy” rating and set a $64.00 target price on shares of CSX in a report on Wednesday, January 17th. Finally, BidaskClub upgraded CSX from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the stock. CSX has an average rating of “Buy” and a consensus target price of $60.71.
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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