Press coverage about CSX (NASDAQ:CSX) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CSX earned a news impact score of 0.03 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 45.9122474703308 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- CSX revives plan for North Carolina intermodal hub (progressiverailroading.com)
- Gulfport, CSX work to cut down railroad overgrowth (wlox.com)
- FBI arrests three for CSX robberies spanning 18 years (bizjournals.com)
- CSX’s Intermodal Volumes Boost Upward Trend in Week 25 (finance.yahoo.com)
- A Quick Snapshot of CSX Corporation’s Intermodal Freight Business (forbes.com)
CSX traded up $0.19, hitting $63.78, during trading on Friday, MarketBeat.com reports. 5,002,178 shares of the company’s stock traded hands, compared to its average volume of 4,837,740. CSX has a 52 week low of $47.99 and a 52 week high of $67.69. The company has a quick ratio of 1.68, a current ratio of 1.87 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $55.66 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, May 30th. This represents a $0.88 annualized dividend and a yield of 1.38%. CSX’s dividend payout ratio (DPR) is currently 38.26%.
A number of analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of CSX from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. BidaskClub cut shares of CSX from a “buy” rating to a “hold” rating in a research note on Saturday, June 23rd. Zacks Investment Research raised shares of CSX from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday, June 19th. Deutsche Bank set a $79.00 price objective on shares of CSX and gave the stock a “buy” rating in a research note on Friday, June 8th. Finally, Stifel Nicolaus assumed coverage on shares of CSX in a research note on Thursday, May 24th. They issued a “buy” rating and a $73.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $66.43.
In other CSX news, CEO James M. Foote acquired 5,000 shares of the stock in a transaction on Wednesday, May 2nd. The stock was acquired at an average price of $59.91 per share, for a total transaction of $299,550.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.03% of the stock is owned by company insiders.
CSX Company Profile
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.
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