Weekly Investment Analysts’ Ratings Changes for Freightcar America (RAIL)

Several analysts have recently updated their ratings and price targets for Freightcar America (NASDAQ: RAIL):

• 7/25/2017 – Freightcar America was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois, Roanoke, Virginia and Johnstown, Pennsylvania. “
• 7/19/2017 – Freightcar America was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois, Roanoke, Virginia and Johnstown, Pennsylvania. “
• 7/18/2017 – Freightcar America was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois, Roanoke, Virginia and Johnstown, Pennsylvania. “
• 7/11/2017 – Freightcar America had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $15.00 price target on the stock.
• 7/5/2017 – Freightcar America was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois, Roanoke, Virginia and Johnstown, Pennsylvania. “
• 6/21/2017 – Freightcar America is now covered by analysts at Buckingham Research. They set a “neutral” rating and a $17.00 price target on the stock.
• 6/2/2017 – Freightcar America was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Freightcar America, Inc. (RAIL) traded down 0.53% during trading on Wednesday, hitting $16.80. 26,690 shares of the company traded hands. The firm has a market cap of $208.66 million, a price-to-earnings ratio of 800.00 and a beta of 1.60. The company’s 50-day moving average is $17.09 and its 200 day moving average is $15.05. Freightcar America, Inc. has a 52-week low of $10.87 and a 52-week high of $18.19.

In related news, insider Theodore W. Baun sold 4,481 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $17.25, for a total transaction of $77,297.25. Following the completion of the sale, the insider now directly owns 14,502 shares of the company’s stock, valued at $250,159.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.13% of the stock is owned by company insiders.

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.