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.
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.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2018/01/20/freightcar-america-rail-lowered-to-sell-at-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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 MarketBeat.com's FREE daily email newsletter.