Seaport Global Securities started coverage on shares of FreightCar America (NASDAQ:RAIL) in a research report released on Thursday, Marketbeat.com reports. The firm issued a neutral rating on the transportation company’s stock.

Several other equities research analysts also recently weighed in on RAIL. Zacks Investment Research raised shares of FreightCar America from a sell rating to a hold rating in a research report on Wednesday, September 20th. Stifel Nicolaus reissued a hold rating and issued a $15.00 target price on shares of FreightCar America in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $16.25.

FreightCar America (NASDAQ:RAIL) traded up $0.06 on Thursday, hitting $16.66. 65,541 shares of the stock traded hands, compared to its average volume of 82,900. The company has a market cap of $206.39, a P/E ratio of -18.11 and a beta of 1.65. FreightCar America has a one year low of $12.07 and a one year high of $20.46.

FreightCar America (NASDAQ:RAIL) last released its earnings results on Wednesday, November 1st. The transportation company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.63). The company had revenue of $72.00 million during the quarter, compared to the consensus estimate of $87.20 million. FreightCar America had a negative return on equity of 2.56% and a negative net margin of 2.44%. FreightCar America’s quarterly revenue was down 36.6% on a year-over-year basis. analysts anticipate that FreightCar America will post -0.98 earnings per share for the current year.

In other FreightCar America news, insider James R. Meyer acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $14.34 per share, with a total value of $143,400.00. Following the transaction, the insider now directly owns 2,619 shares in the company, valued at $37,556.46. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director S Carl Soderstrom, Jr. sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $15.01, for a total transaction of $30,020.00. Following the sale, the director now directly owns 18,204 shares of the company’s stock, valued at approximately $273,242.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,500 shares of company stock valued at $179,090. Insiders own 4.13% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. KBC Group NV bought a new position in FreightCar America in the 3rd quarter worth about $178,000. Alliancebernstein L.P. bought a new position in FreightCar America in the 2nd quarter worth about $212,000. Virtu KCG Holdings LLC bought a new position in FreightCar America in the 2nd quarter worth about $258,000. Rhumbline Advisers grew its position in FreightCar America by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 15,664 shares of the transportation company’s stock worth $272,000 after purchasing an additional 387 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in FreightCar America in the 2nd quarter worth about $329,000. 84.30% of the stock is owned by institutional investors and hedge funds.

WARNING: “Seaport Global Securities Begins Coverage on FreightCar America (RAIL)” was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.watchlistnews.com/seaport-global-securities-begins-coverage-on-freightcar-america-rail/1798800.html.

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.

Receive News & Ratings for FreightCar America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FreightCar America and related companies with Analyst Ratings Network's FREE daily email newsletter.