FreightCar America (RAIL) Getting Somewhat Favorable News Coverage, Study Shows

News coverage about FreightCar America (NASDAQ:RAIL) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. FreightCar America earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the transportation company an impact score of 47.7554470507327 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s analysis:

NASDAQ:RAIL traded up $0.44 during midday trading on Thursday, reaching $18.37. The company had a trading volume of 23,800 shares, compared to its average volume of 79,055. The firm has a market cap of $231.07 million, a PE ratio of -15.84 and a beta of 1.59. FreightCar America has a 12-month low of $12.53 and a 12-month high of $20.46.

FreightCar America (NASDAQ:RAIL) last released its earnings results on Wednesday, August 1st. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.27. The firm had revenue of $66.74 million during the quarter, compared to analyst estimates of $78.30 million. FreightCar America had a negative return on equity of 10.78% and a negative net margin of 10.46%. equities analysts anticipate that FreightCar America will post -1.26 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on RAIL shares. Stifel Nicolaus lifted their target price on FreightCar America from $14.00 to $15.00 and gave the company a “hold” rating in a report on Monday, May 7th. Zacks Investment Research upgraded FreightCar America from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Thursday, July 5th. ValuEngine upgraded FreightCar America from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Stephens reiterated a “hold” rating and issued a $19.00 target price on shares of FreightCar America in a report on Thursday, August 2nd. Finally, Buckingham Research lifted their target price on FreightCar America from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. FreightCar America presently has a consensus rating of “Hold” and a consensus target price of $18.00.

In other FreightCar America news, Director Thomas A. Madden sold 7,506 shares of FreightCar America stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $15.69, for a total transaction of $117,769.14. Following the completion of the sale, the director now directly owns 20,224 shares of the company’s stock, valued at approximately $317,314.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas A. Madden sold 9,347 shares of FreightCar America stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $15.95, for a total value of $149,084.65. Following the sale, the director now directly owns 20,224 shares of the company’s stock, valued at $322,572.80. The disclosure for this sale can be found here. Company insiders own 6.51% of the company’s stock.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.

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