Very Negative News Coverage Extremely Likely to Impact CSX (NASDAQ:CSX) Share Price

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Press coverage about CSX (NASDAQ:CSX) has trended very negative on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. CSX earned a media sentiment score of -3.00 on their scale. InfoTrie also assigned news coverage about the transportation company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted CSX’s ranking:

Several analysts recently weighed in on the company. Morgan Stanley upped their price objective on CSX from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. UBS Group upgraded CSX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $63.00 to $80.00 in a research report on Wednesday. Wolfe Research raised CSX from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a report on Friday, March 27th. Cowen reaffirmed a “neutral” rating on shares of CSX in a report on Thursday, April 23rd. Finally, Royal Bank of Canada reaffirmed a “neutral” rating on shares of CSX in a report on Wednesday, March 18th. Fourteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. CSX presently has a consensus rating of “Hold” and a consensus price target of $72.43.

Shares of NASDAQ:CSX opened at $68.53 on Friday. The business’s 50 day simple moving average is $63.07 and its two-hundred day simple moving average is $69.10. The firm has a market cap of $51.90 billion, a P/E ratio of 16.51, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.61 and a current ratio of 1.73. CSX has a 52-week low of $46.81 and a 52-week high of $80.62.

CSX (NASDAQ:CSX) last announced its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.06. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.88 billion. CSX had a return on equity of 27.27% and a net margin of 27.74%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 earnings per share. On average, equities analysts forecast that CSX will post 3.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.26 dividend. The ex-dividend date is Thursday, May 28th. This represents a $1.04 annualized dividend and a yield of 1.52%. CSX’s payout ratio is currently 24.94%.

In other news, Director Paul C. Hilal sold 700,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $68.31, for a total value of $47,817,000.00. Following the transaction, the director now owns 10,489 shares in the company, valued at $716,503.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is currently owned by corporate insiders.

CSX Company Profile

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

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