FreightCar America Inc. (RAIL) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $21.60 - $25.50 in the past one-month time frame, showed a sharp decline yesterday at $22.45.
This railroad services company has seen a flat track record when it comes to current year estimate revisions over the past few weeks as there were no revisions on either side. The consensus for earnings hasn’t been in trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
RAIL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.
Some better-ranked stocks in the same sector include American Railcar Industries, Inc. (ARII), Trinity Industries Inc. (TRN) and Westinghouse Air Brake Technologies Corporation (WAB). All these stocks hold a Zacks Rank #2 (Buy).
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FREIGHTCAR AMERICA INC (RAIL): Free Stock Analysis Report
AMERICAN RAILCAR INDUSTRIES ND (ARII): Free Stock Analysis Report
TRINITY INDUSTRIES INC (TRN): Free Stock Analysis Report
WABTEC INC (WAB): Free Stock Analysis Report
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