Freightcar America Inc. (RAIL) Trading 3.3% Higher
Shares of Freightcar America Inc. (NASDAQ:RAIL) traded up 3.3% on Tuesday . The company traded as high as $15.10 and last traded at $15.08, with a volume of 60,878 shares trading hands. The stock had previously closed at $14.60.
A number of analysts recently weighed in on the stock. Longbow Research downgraded shares of Freightcar America from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 4th. Zacks Investment Research upgraded shares of Freightcar America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Stifel Nicolaus lowered their target price on Freightcar America from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, May 4th. Finally, Cowen and Company assumed coverage on Freightcar America in a research note on Wednesday, June 22nd. They set a “market perform” rating and a $15.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Freightcar America currently has an average rating of “Hold” and a consensus price target of $17.67.
The firm has a market capitalization of $185.80 million and a price-to-earnings ratio of 4.78. The stock has a 50 day moving average price of $14.44 and a 200-day moving average price of $15.23.
Freightcar America (NASDAQ:RAIL) last released its earnings results on Monday, August 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.47. The business earned $126.20 million during the quarter, compared to analysts’ expectations of $163.43 million. During the same quarter in the previous year, the company posted $0.60 EPS. The firm’s revenue was down 46.4% on a year-over-year basis. Equities analysts anticipate that Freightcar America Inc. will post $0.60 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Thursday, August 18th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, August 16th.
In related news, VP Matthew S. Kohnke acquired 7,500 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were bought at an average cost of $14.07 per share, with a total value of $105,525.00. Following the completion of the purchase, the vice president now directly owns 2,100 shares in the company, valued at $29,547. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently bought a new position in Freightcar America stock. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Freightcar America Inc. (NASDAQ:RAIL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 55,160 shares of the company’s stock, valued at approximately $1,072,000. Cornerstone Capital Management Holdings LLC. owned about 0.45% of Freightcar America at the end of the most recent reporting period.
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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