CSX (NASDAQ:CSX) Getting Very Negative News Coverage, Study Shows

Press coverage about CSX (NASDAQ:CSX) has been trending very negative on Friday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of news coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. CSX earned a daily sentiment score of -3.00 on their scale. InfoTrie also assigned news headlines about the transportation company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely 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 CSX’s score:

A number of research firms have recently issued reports on CSX. Wolfe Research raised shares of CSX from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Friday, March 27th. Wells Fargo & Co upped their price objective on shares of CSX from $66.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday. Morgan Stanley lifted their target price on shares of CSX from $47.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Royal Bank of Canada reiterated a “neutral” rating on shares of CSX in a report on Wednesday, March 18th. Finally, Raymond James reduced their price objective on CSX from $80.00 to $71.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. CSX currently has an average rating of “Hold” and an average target price of $72.43.

Shares of CSX stock traded up $0.73 on Friday, reaching $68.53. The stock had a trading volume of 2,713,420 shares, compared to its average volume of 4,730,484. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.61 and a current ratio of 1.73. The business’s 50-day moving average price is $62.86 and its two-hundred day moving average price is $69.11. The stock has a market cap of $52.33 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 2.43 and a beta of 1.23. CSX has a fifty-two week low of $46.81 and a fifty-two week high of $80.62.

CSX (NASDAQ:CSX) last announced its earnings results on Wednesday, April 22nd. The transportation company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.88 billion. CSX had a net margin of 27.74% and a return on equity of 27.27%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 EPS. As a group, equities analysts forecast that CSX will post 3.61 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.52%. CSX’s payout ratio is presently 24.94%.

In other news, Director Paul C. Hilal sold 700,000 shares of the company’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 transaction of $47,817,000.00. Following the completion of the transaction, the director now directly owns 10,489 shares in the company, valued at $716,503.59. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.58% of the stock is currently owned by 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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