Freightcar America, Inc. (RAIL) Stock Rating Reaffirmed by Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of Freightcar America, Inc. (NASDAQ:RAIL) in a research note released on Thursday. They currently have a $15.00 price target on the transportation company’s stock.
RAIL has been the subject of several other reports. ValuEngine upgraded Freightcar America from a sell rating to a hold rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Freightcar America from a buy rating to a hold rating in a research note on Wednesday, July 19th. Cowen and Company restated a hold rating and issued a $15.00 price objective on shares of Freightcar America in a research note on Tuesday, July 11th. Finally, Buckingham Research began coverage on Freightcar America in a research note on Wednesday, June 21st. They issued a neutral rating and a $17.00 price objective for the company. Five analysts have rated the stock with a hold rating, The stock has an average rating of Hold and a consensus price target of $16.50.
Freightcar America (NASDAQ RAIL) opened at 18.79 on Thursday. Freightcar America has a 12 month low of $10.87 and a 12 month high of $19.66. The stock has a market capitalization of $233.52 million, a PE ratio of 722.69 and a beta of 1.61. The stock has a 50 day moving average price of $17.61 and a 200 day moving average price of $15.89.
Freightcar America (NASDAQ:RAIL) last posted its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $118.67 million during the quarter, compared to analyst estimates of $108.43 million. Freightcar America had a return on equity of 1.61% and a net margin of 0.06%. Freightcar America’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) EPS. On average, equities research analysts forecast that Freightcar America will post ($0.21) earnings per share for the current fiscal year.
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Hedge funds have recently modified their holdings of the business. Eagle Global Advisors LLC purchased a new stake in Freightcar America in the 2nd quarter worth $201,000. Ironwood Investment Management LLC increased its stake in Freightcar America by 3.8% in the 1st quarter. Ironwood Investment Management LLC now owns 11,730 shares of the transportation company’s stock worth $147,000 after buying an additional 433 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in Freightcar America in the 2nd quarter worth $212,000. Ameriprise Financial Inc. purchased a new stake in Freightcar America in the 1st quarter worth $155,000. Finally, Virtu KCG Holdings LLC purchased a new stake in Freightcar America in the 2nd quarter worth $258,000. Institutional investors and hedge funds own 82.74% of the company’s stock.
Freightcar America Company Profile
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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