Freightcar America (NASDAQ:RAIL) Raised to “Buy” at Wall Street Zen

Freightcar America (NASDAQ:RAIL) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

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

Freightcar America Stock Up 1.2%

Shares of RAIL stock opened at $8.60 on Friday. The company has a market capitalization of $164.09 million, a P/E ratio of 3.26 and a beta of 1.66. Freightcar America has a 12-month low of $4.31 and a 12-month high of $13.64. The firm has a 50-day moving average price of $8.88 and a 200 day moving average price of $9.01.

Freightcar America (NASDAQ:RAIL) last posted its earnings results on Monday, November 10th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.08. The company had revenue of $160.51 million during the quarter, compared to analysts’ expectations of $157.25 million. Freightcar America had a net margin of 17.40% and a negative return on equity of 17.35%. As a group, research analysts expect that Freightcar America will post 0.09 earnings per share for the current year.

Institutional Trading of Freightcar America

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Freightcar America in the 1st quarter valued at about $148,000. Russell Investments Group Ltd. boosted its stake in Freightcar America by 435.5% in the first quarter. Russell Investments Group Ltd. now owns 141,337 shares of the transportation company’s stock valued at $782,000 after acquiring an additional 114,945 shares during the last quarter. Algert Global LLC grew its holdings in Freightcar America by 49.4% during the 1st quarter. Algert Global LLC now owns 20,950 shares of the transportation company’s stock worth $116,000 after acquiring an additional 6,930 shares during the period. AlphaQuest LLC acquired a new stake in Freightcar America during the 1st quarter worth $90,000. Finally, Walleye Capital LLC bought a new stake in shares of Freightcar America during the 1st quarter valued at $74,000. 31.96% of the stock is owned by institutional investors.

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.