Somewhat Negative Media Coverage Somewhat Unlikely to Impact Freightcar America (RAIL) Stock Price
News stories about Freightcar America (NASDAQ:RAIL) have trended somewhat negative recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Freightcar America earned a news impact score of -0.02 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 45.1090718422821 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
RAIL has been the subject of several recent research reports. Zacks Investment Research lowered Freightcar America from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 price target on shares of Freightcar America in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.25.
Freightcar America (NASDAQ RAIL) traded up $0.45 on Wednesday, reaching $16.01. The company had a trading volume of 116,300 shares, compared to its average volume of 134,315. Freightcar America has a 12 month low of $12.07 and a 12 month high of $20.46.
Freightcar America (NASDAQ:RAIL) last announced its quarterly earnings data on Wednesday, November 1st. The transportation company reported ($0.73) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.63). The firm had revenue of $72.00 million during the quarter, compared to the consensus estimate of $87.20 million. Freightcar America had a negative return on equity of 2.56% and a negative net margin of 2.44%. Freightcar America’s quarterly revenue was down 36.6% compared to the same quarter last year. analysts expect that Freightcar America will post -0.98 EPS for the current year.
In other Freightcar America news, Director S Carl Soderstrom, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $15.01, for a total value of $30,020.00. Following the completion of the sale, the director now owns 18,204 shares of the company’s stock, valued at $273,242.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James R. Meyer acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of $14.34 per share, with a total value of $143,400.00. Following the purchase, the insider now owns 2,619 shares of the company’s stock, valued at $37,556.46. The disclosure for this purchase can be found here. In the last three months, insiders sold 11,500 shares of company stock valued at $179,090. 4.13% of the stock is owned by insiders.
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About Freightcar America
FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.
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