News coverage about CSX Corporation (NASDAQ:CSX) has trended positive on Friday, according to Alpha One. The research group, a unit of Accern, ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CSX Corporation earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave press coverage about the transportation company an impact score of 84 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected AlphaOne’s analysis:
- Csx Corp. (CSX) Shares Rose While Leuthold Group Has Raised … – BZ Weekly (bzweekly.com)
- CSX Corporation (CSX) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Causeway Capital Management LLC Adjusts Its Holdings in CSX Corporation (CSX) Last Quarter (highlightpress.com)
- Tired Of Tech Swings? Watch These 5 Transport Stocks: Investing Action Plan (finance.yahoo.com)
- CSX Corporation (CSX) EPS Estimated At $0.58 (ibusinesslines.com)
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of CSX Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, March 1st. Avondale Partners raised shares of CSX Corporation from a “market perform” rating to a “market outperform” rating in a report on Tuesday, March 28th. Wells Fargo & Company initiated coverage on shares of CSX Corporation in a report on Monday, March 13th. They set an “outperform” rating for the company. Credit Suisse Group reissued an “outperform” rating and issued a $54.00 price target (up previously from $41.00) on shares of CSX Corporation in a report on Monday, March 6th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $65.00 price target (up previously from $56.00) on shares of CSX Corporation in a report on Tuesday, June 6th. Eleven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. CSX Corporation has a consensus rating of “Buy” and an average target price of $52.06.
Shares of CSX Corporation (NASDAQ:CSX) traded down 1.03% during midday trading on Friday, hitting $52.74. The company had a trading volume of 10,921,245 shares. The stock’s 50-day moving average price is $52.47 and its 200-day moving average price is $46.10. The company has a market cap of $48.66 billion, a price-to-earnings ratio of 28.79 and a beta of 1.33. CSX Corporation has a 12 month low of $24.43 and a 12 month high of $55.06.
CSX Corporation (NASDAQ:CSX) last released its quarterly earnings data on Wednesday, April 19th. The transportation company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.08. CSX Corporation had a return on equity of 15.67% and a net margin of 15.19%. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities research analysts forecast that CSX Corporation will post $2.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 26th. This represents a $0.80 dividend on an annualized basis and a yield of 1.52%. This is a positive change from CSX Corporation’s previous quarterly dividend of $0.18. CSX Corporation’s payout ratio is currently 43.72%.
In other CSX Corporation news, CEO E Hunter Harrison purchased 300,000 shares of CSX Corporation stock in a transaction on Monday, April 24th. The stock was bought at an average price of $50.20 per share, for a total transaction of $15,060,000.00. Following the transaction, the chief executive officer now owns 300,000 shares of the company’s stock, valued at approximately $15,060,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.79% of the company’s stock.
CSX Corporation 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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