Headlines about CSX (NASDAQ:CSX) have been trending somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CSX earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 45.626643004767 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern’s rankings:
- Will New Tax Code Fuel US Railroads in the Coming Quarters? (finance.yahoo.com)
- Concerns Mount Over Condition Of 3 CSX Train Overpasses (wwnytv.com)
- Ackerman & Co. to Develop 1 MSF Rockdale Technology Center in Metro Atlanta (bizjournals.com)
- CSX maintenance means major service interruptions for Amtrak travelers next week (richmond.com)
- CSX Corporation Announces Date for First Quarter Earnings Release and Earnings Call (feeds.benzinga.com)
A number of equities analysts have issued reports on the stock. BidaskClub upgraded shares of CSX from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Deutsche Bank set a $70.00 target price on shares of CSX and gave the stock a “buy” rating in a research report on Sunday, March 4th. Cowen reissued an “outperform” rating and issued a $62.00 price objective (up previously from $61.00) on shares of CSX in a research report on Friday, March 2nd. Scotiabank set a $63.00 price objective on shares of CSX and gave the company a “hold” rating in a research report on Friday, March 2nd. Finally, Morgan Stanley cut their price objective on shares of CSX from $51.00 to $47.00 and set an “underweight” rating for the company in a research report on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $60.87.
CSX (NASDAQ:CSX) last announced its earnings results on Tuesday, January 16th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.89 billion. CSX had a net margin of 47.96% and a return on equity of 17.16%. CSX’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. research analysts anticipate that CSX will post 3.1 earnings per share for the current fiscal year.
CSX declared that its board has authorized a stock buyback plan on Monday, February 12th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were given a dividend of $0.22 per share. This is a positive change from CSX’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, February 28th. This represents a $0.88 annualized dividend and a dividend yield of 1.56%. CSX’s dividend payout ratio (DPR) is 14.50%.
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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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