CSX Corporation (NASDAQ:CSX) Given Daily Media Impact Score of 0.20

Press coverage about CSX Corporation (NASDAQ:CSX) has been trending somewhat positive on Thursday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CSX Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 46.9904103659247 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

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

A number of research firms have weighed in on CSX. Zacks Investment Research downgraded CSX Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 21st. J P Morgan Chase & Co reduced their target price on CSX Corporation from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, July 20th. BidaskClub downgraded CSX Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. TD Securities reduced their target price on CSX Corporation from $64.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, July 20th. Finally, UBS AG reissued a “buy” rating and issued a $63.00 target price on shares of CSX Corporation in a report on Saturday, July 22nd. Twelve analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $54.13.

Shares of CSX Corporation (CSX) opened at 52.07 on Thursday. CSX Corporation has a 52-week low of $28.46 and a 52-week high of $55.48. The company has a market cap of $47.56 billion, a PE ratio of 27.23 and a beta of 1.30. The company has a 50 day moving average of $49.95 and a 200-day moving average of $50.61.

CSX Corporation (NASDAQ:CSX) last issued its quarterly earnings results on Tuesday, July 18th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.85 billion. CSX Corporation had a net margin of 15.46% and a return on equity of 16.93%. CSX Corporation’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. Analysts forecast that CSX Corporation will post $2.22 EPS for the current fiscal year.

CSX Corporation declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the transportation company to buy up to 1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.54%. CSX Corporation’s dividend payout ratio (DPR) is presently 41.88%.

In other news, Director Ridge Lp Mantle bought 1,357,000 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was acquired at an average price of $51.59 per share, with a total value of $70,007,630.00. Following the completion of the purchase, the director now directly owns 106 shares of the company’s stock, valued at $5,468.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.79% of the stock is owned by company insiders.

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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.

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

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