Media headlines about Freightcar America (NASDAQ:RAIL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Freightcar America earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 45.9591717489559 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research analysts have issued reports on the company. Zacks Investment Research cut Freightcar America from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine upgraded Freightcar America from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Cowen and Company reiterated a “hold” rating and set a $15.00 price objective on shares of Freightcar America in a research note on Tuesday, July 11th. Finally, Buckingham Research assumed coverage on Freightcar America in a research note on Wednesday, June 21st. They set a “neutral” rating and a $17.00 price objective for the company. Five analysts have rated the stock with a hold rating, Freightcar America currently has an average rating of “Hold” and an average price target of $16.00.
Shares of Freightcar America (NASDAQ:RAIL) traded down 2.03% on Wednesday, reaching $15.95. The company’s stock had a trading volume of 53,180 shares. The firm has a 50-day moving average price of $17.05 and a 200 day moving average price of $15.10. Freightcar America has a one year low of $10.87 and a one year high of $18.19. The firm has a market capitalization of $198.10 million, a PE ratio of 759.52 and a beta of 1.60.
In other news, insider Theodore W. Baun sold 4,481 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $17.25, for a total transaction of $77,297.25. Following the completion of the sale, the insider now owns 14,502 shares in the company, valued at approximately $250,159.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.13% of the company’s stock.
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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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