Freightcar America (NASDAQ:RAIL) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Freightcar America (NASDAQ:RAIL) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other research analysts also recently issued reports on RAIL. Zacks Research upgraded shares of Freightcar America from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Weiss Ratings lowered shares of Freightcar America from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Freightcar America has a consensus rating of “Moderate Buy” and an average price target of $9.00.

Freightcar America Stock Performance

RAIL stock traded up $0.17 during trading on Friday, reaching $8.48. 163,242 shares of the company traded hands, compared to its average volume of 206,484. The company has a market capitalization of $162.20 million, a price-to-earnings ratio of -12.11 and a beta of 2.08. The business has a 50 day simple moving average of $9.14 and a 200 day simple moving average of $8.81. Freightcar America has a 12 month low of $4.31 and a 12 month high of $16.10.

Freightcar America (NASDAQ:RAIL) last announced its quarterly earnings data on Wednesday, January 17th. The transportation company reported ($0.21) earnings per share for the quarter. Freightcar America had a negative net margin of 2.21% and a negative return on equity of 14.89%. The company had revenue of $85.74 million for the quarter. As a group, research analysts forecast that Freightcar America will post 0.09 EPS for the current year.

Institutional Trading of Freightcar America

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Freightcar America by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 631,029 shares of the transportation company’s stock worth $6,171,000 after purchasing an additional 13,301 shares in the last quarter. Marshall Wace LLP increased its position in Freightcar America by 12.2% during the second quarter. Marshall Wace LLP now owns 238,331 shares of the transportation company’s stock worth $2,054,000 after purchasing an additional 25,895 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Freightcar America during the third quarter worth about $2,007,000. North Star Investment Management Corp. acquired a new position in shares of Freightcar America in the 2nd quarter valued at about $1,498,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Freightcar America by 435.5% during the 1st quarter. Russell Investments Group Ltd. now owns 141,337 shares of the transportation company’s stock valued at $782,000 after buying an additional 114,945 shares during the period. 31.96% of the stock is owned by institutional investors and hedge funds.

Freightcar America Company Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.