News coverage about CSX (NASDAQ:CSX) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CSX earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 46.3434273655254 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:

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Several research analysts recently commented on the stock. Morgan Stanley raised their price target on shares of CSX from $47.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, April 6th. BidaskClub raised shares of CSX from a “hold” rating to a “buy” rating in a research note on Friday, March 23rd. Deutsche Bank set a $70.00 price target on shares of CSX and gave the stock a “buy” rating in a research note on Sunday, March 4th. Cowen reaffirmed an “outperform” rating and issued a $62.00 price target (up previously from $61.00) on shares of CSX in a research note on Friday, March 2nd. Finally, Scotiabank set a $63.00 price target on shares of CSX and gave the stock a “hold” rating in a research note on Friday, March 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $60.91.

NASDAQ CSX traded up $0.82 during trading on Monday, reaching $56.41. 8,621,843 shares of the company’s stock traded hands, compared to its average volume of 6,775,198. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.01. The company has a market capitalization of $48,837.03, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20. CSX has a 12-month low of $46.39 and a 12-month high of $60.04.

CSX (NASDAQ:CSX) last posted its earnings results on Tuesday, January 16th. The transportation company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.89 billion. CSX had a net margin of 47.96% and a return on equity of 17.16%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. equities analysts expect that CSX will post 3.1 earnings per share for the current fiscal year.

CSX declared that its board has approved a share repurchase plan on Monday, February 12th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

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CSX Company Profile

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

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

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