Somewhat Positive Press Coverage Somewhat Unlikely to Affect CSX Corporation (NASDAQ:CSX) Share Price

Press coverage about CSX Corporation (NASDAQ:CSX) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news 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 negative one to one, with scores closest to one being the most favorable. CSX Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 46.4679268490599 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

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

CSX Corporation (NASDAQ CSX) traded up 1.12% during trading on Wednesday, hitting $50.70. The company had a trading volume of 6,759,969 shares. The company has a market capitalization of $46.30 billion, a price-to-earnings ratio of 26.52 and a beta of 1.30. The stock has a 50-day moving average of $52.58 and a 200 day moving average of $49.94. CSX Corporation has a one year low of $27.82 and a one year high of $55.48.

CSX Corporation (NASDAQ:CSX) last posted its earnings results on Tuesday, July 18th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. CSX Corporation had a return on equity of 16.93% and a net margin of 15.46%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts forecast that CSX Corporation will post $2.30 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, August 29th. CSX Corporation’s payout ratio is 41.88%.

CSX Corporation declared that its board has approved a stock repurchase plan on Thursday, April 20th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the transportation company to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

CSX has been the topic of a number of analyst reports. BidaskClub raised CSX Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Raymond James Financial, Inc. raised CSX Corporation from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Friday, April 21st. J P Morgan Chase & Co lowered their price objective on CSX Corporation from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, July 20th. Credit Suisse Group increased their price objective on CSX Corporation from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, May 26th. Finally, Bank of America Corporation reissued a “buy” rating and set a $65.00 price objective (up previously from $56.00) on shares of CSX Corporation in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nineteen have given a buy rating to the stock. CSX Corporation has a consensus rating of “Buy” and an average price target of $53.74.

TRADEMARK VIOLATION NOTICE: This article was first published by Ticker Report and is owned by of Ticker Report. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/2796063/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-csx-corporation-nasdaqcsx-share-price.html.

In other news, Director Ridge Lp Mantle bought 1,357,000 shares of the firm’s stock in a transaction dated Friday, July 21st. The shares were bought at an average price of $51.59 per share, with a total value of $70,007,630.00. Following the completion of the transaction, the director now owns 106 shares of the company’s stock, valued at $5,468.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.79% of the stock is currently owned by corporate insiders.

About CSX Corporation

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.

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

Receive News & Ratings for CSX Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSX Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.