Somewhat Positive Press Coverage Somewhat Unlikely to Impact CSX (CSX) Stock Price

Press coverage about CSX (NASDAQ:CSX) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CSX earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 45.9122474703308 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

NASDAQ CSX traded down $0.24 on Thursday, hitting $65.89. The stock had a trading volume of 4,054,956 shares, compared to its average volume of 6,127,325. CSX has a one year low of $47.99 and a one year high of $67.69. The company has a current ratio of 1.87, a quick ratio of 1.68 and a debt-to-equity ratio of 0.96. The stock has a market cap of $58.89 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.22.

CSX (NASDAQ:CSX) last posted its earnings results on Tuesday, April 17th. The transportation company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.66 by $0.12. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.80 billion. CSX had a net margin of 50.85% and a return on equity of 18.00%. CSX’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. equities research analysts expect that CSX will post 3.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Wednesday, May 30th. CSX’s dividend payout ratio is currently 38.26%.

A number of equities research analysts have recently issued reports on CSX shares. Scotiabank set a $65.00 target price on shares of CSX and gave the company a “hold” rating in a research note on Wednesday, April 18th. Barclays restated a “buy” rating and issued a $71.00 target price on shares of CSX in a research note on Wednesday, April 18th. Loop Capital boosted their price objective on shares of CSX to $65.00 and gave the company a “hold” rating in a research report on Wednesday, April 18th. TD Securities boosted their price objective on shares of CSX from $62.00 to $64.00 and gave the company a “hold” rating in a research report on Wednesday, April 18th. Finally, Cowen reaffirmed an “outperform” rating and set a $66.00 price objective (up previously from $62.00) on shares of CSX in a research report on Wednesday, April 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CSX currently has an average rating of “Buy” and an average price target of $65.48.

In related news, CEO James M. Foote purchased 5,000 shares of CSX stock in a transaction dated Wednesday, May 2nd. The stock was bought at an average cost of $59.91 per share, with a total value of $299,550.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.03% of the company’s stock.

About CSX

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural and food products, fertilizers, chemicals, automotive, metals and equipment, minerals, and forest products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants.

Insider Buying and Selling by Quarter for CSX (NASDAQ:CSX)

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