Media coverage about CSX (NASDAQ:CSX) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty 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 news impact score of 0.12 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 45.626643004767 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Royal Bank of Canada Increases CSX (CSX) Price Target to $67.00 (americanbankingnews.com)
- Falls lawmakers discuss railroad crossing conditions (niagara-gazette.com)
- Is Stock’s Performance Impressive? – CSX Corporation (NASDAQ: CSX) (alphabetastock.com)
- Lurching Stock: CSX Corporation (NASDAQ:CSX) (thestreetpoint.com)
- Foote to STB: CSX’s “virtuous cycle” (railwayage.com)
NASDAQ:CSX opened at $55.71 on Friday. The firm has a market capitalization of $48,185.79, a P/E ratio of 23.61, a P/E/G ratio of 1.31 and a beta of 1.27. CSX has a 12-month low of $46.04 and a 12-month high of $60.04. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.80.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.58%. This is an increase from CSX’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, February 28th. CSX’s payout ratio is 14.50%.
CSX announced that its Board of Directors has initiated a share buyback program on Monday, February 12th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of equities research analysts have recently weighed in on the company. UBS set a $68.00 price objective on CSX and gave the company a “buy” rating in a research note on Sunday, December 17th. TD Securities cut CSX from a “buy” rating to a “hold” rating and dropped their price objective for the company from $63.00 to $54.00 in a research note on Monday, December 18th. Bank of America dropped their price objective on CSX from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. Scotiabank set a $55.00 price objective on CSX and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, Barclays reaffirmed a “buy” rating and issued a $68.00 price objective on shares of CSX in a research note on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $60.87.
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CSX 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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