FreightCar America (NASDAQ:RAIL) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research raised FreightCar America from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 target price (down previously from $15.00) on shares of FreightCar America in a research note on Tuesday, November 7th. Finally, Seaport Global Securities initiated coverage on FreightCar America in a research note on Thursday, January 4th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. FreightCar America currently has an average rating of “Hold” and a consensus price target of $16.25.

Shares of FreightCar America (RAIL) traded down $0.16 during mid-day trading on Friday, hitting $16.53. The stock had a trading volume of 57,207 shares, compared to its average volume of 76,849. The firm has a market capitalization of $204.90, a PE ratio of -17.97 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 issued its quarterly earnings results on Wednesday, November 1st. The transportation company reported ($0.73) earnings per share 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 net margin of 2.44% and a negative return on equity of 2.56%. FreightCar America’s revenue for the quarter was down 36.6% compared to the same quarter last year. equities analysts expect that FreightCar America will post -0.98 earnings per share for the current year.

In other FreightCar America news, Director S Carl Soderstrom, Jr. sold 2,500 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $15.71, for a total value of $39,275.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James R. Meyer purchased 10,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of $14.34 per share, for a total transaction of $143,400.00. Following the acquisition, the insider now owns 2,619 shares of the company’s stock, valued at approximately $37,556.46. The disclosure for this purchase can be found here. Insiders have sold 11,500 shares of company stock valued at $179,090 in the last ninety days. 4.13% of the stock is currently owned by insiders.

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

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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