FreightCar America (RAIL) Downgraded by ValuEngine

FreightCar America (NASDAQ:RAIL) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Saturday, January 13th.

Several other analysts have also issued reports on RAIL. Stifel Nicolaus restated a “hold” rating and issued a $15.00 price target on shares of FreightCar America in a research report on Thursday, September 21st. Seaport Global Securities started coverage on shares of FreightCar America in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of FreightCar America from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. FreightCar America currently has a consensus rating of “Hold” and an average price target of $16.25.

Shares of FreightCar America (NASDAQ RAIL) opened at $16.39 on Friday. The stock has a market cap of $205.55, a price-to-earnings ratio of -17.82 and a beta of 1.65. FreightCar America has a 12-month low of $12.07 and a 12-month high of $20.46.

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

In other FreightCar America news, Director S Carl Soderstrom, Jr. sold 2,500 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $15.71, for a total value of $39,275.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director S Carl Soderstrom, Jr. sold 4,500 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $15.61, for a total transaction of $70,245.00. Following the completion of the transaction, the director now directly owns 15,704 shares of the company’s stock, valued at $245,139.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,500 shares of company stock worth $179,090. Company insiders own 4.13% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. KBC Group NV bought a new stake in shares of FreightCar America during the third quarter worth approximately $178,000. Alliancebernstein L.P. bought a new stake in shares of FreightCar America during the second quarter worth approximately $212,000. Virtu KCG Holdings LLC bought a new stake in shares of FreightCar America during the second quarter worth approximately $258,000. Rhumbline Advisers raised its stake in shares of FreightCar America by 2.5% during the second quarter. Rhumbline Advisers now owns 15,664 shares of the transportation company’s stock worth $272,000 after buying an additional 387 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of FreightCar America by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 18,950 shares of the transportation company’s stock worth $330,000 after buying an additional 1,196 shares during the last quarter. 84.30% of the stock is owned by institutional investors.

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About FreightCar America

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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