FreightCar America (NASDAQ:RAIL) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised FreightCar America from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, July 5th. Stifel Nicolaus set a $19.00 target price on FreightCar America and gave the company a “hold” rating in a report on Friday, August 3rd. Stephens reissued 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 upped their target price on FreightCar America from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, August 13th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.00.

Shares of RAIL stock opened at $16.55 on Tuesday. FreightCar America has a 1-year low of $12.53 and a 1-year high of $20.46. The firm has a market cap of $210.76 million, a P/E ratio of -14.27 and a beta of 1.58.

FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings data on Wednesday, August 1st. The transportation company reported ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.27. FreightCar America had a negative return on equity of 10.78% and a negative net margin of 10.46%. The firm had revenue of $66.74 million for the quarter, compared to analyst estimates of $78.30 million. analysts expect that FreightCar America will post -1.2 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in FreightCar America by 1.6% in the second quarter. BlackRock Inc. now owns 841,249 shares of the transportation company’s stock valued at $14,125,000 after purchasing an additional 13,008 shares during the last quarter. Royce & Associates LP grew its holdings in FreightCar America by 15.0% in the second quarter. Royce & Associates LP now owns 1,460,910 shares of the transportation company’s stock valued at $24,529,000 after purchasing an additional 190,689 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in FreightCar America by 4.6% in the second quarter. Russell Investments Group Ltd. now owns 1,485,733 shares of the transportation company’s stock valued at $24,937,000 after purchasing an additional 65,922 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in FreightCar America in the second quarter valued at $224,000. Finally, SG Americas Securities LLC acquired a new stake in FreightCar America in the second quarter valued at $115,000. 88.47% of the stock is currently owned by institutional investors.

About FreightCar America

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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Analyst Recommendations for FreightCar America (NASDAQ:RAIL)

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