|Bid||84.84 x 800|
|Ask||87.29 x 800|
|Day's Range||81.98 - 85.58|
|52 Week Range||78.26 - 100.05|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||38.74|
|Forward Dividend & Yield||0.60 (0.64%)|
|Ex-Dividend Date||Aug 12, 2022|
|1y Target Est||N/A|
High costs are hurting Wabtec's (WAB) bottom line.
The railroad industry is one of the major components of the transportation sector and is closely tied to the economy's growth. Railroad companies operate vast networks that transport agricultural products, packaged foods, commodities, electronics, and other goods to companies and consumers. Major companies in the industry include Norfolk Southern Corp. and CSX Corp. In mid-September, a potential rail strike threatened to disrupt the industry the U.S. economy, but the Biden administration secured a tentative deal with company and union leaders a day before the strike deadline on Friday, Sept. 16.
Last week, a tentative deal was announced between unions and the railroad companies averting a national strike that could have seen 125,000 railroad workers go on strike. It also avoided a major economic disruption at a time when a recession remains a real possibility. Since the announcement of the deal on the morning of Sept. 15, railroad stocks are generally lower. Part of the reason for investor apathy around railroad stocks may be that the White House-brokered deal could still fall apart if