Freightcar America, Inc. (NASDAQ:RAIL)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a report released on Thursday. They currently have a $15.00 price objective on the transportation company’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 20.30% from the company’s previous close.

RAIL has been the topic of several other research reports. ValuEngine raised Freightcar America from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Freightcar America from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Cowen and Company reissued a “hold” rating and issued a $15.00 target price on shares of Freightcar America in a report on Tuesday, July 11th. Finally, Buckingham Research assumed coverage on Freightcar America in a report on Wednesday, June 21st. They issued a “neutral” rating and a $17.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $16.50.

Shares of Freightcar America (RAIL) traded up 0.64% on Thursday, reaching $18.94. The company’s stock had a trading volume of 14,871 shares. The company has a 50 day moving average of $17.61 and a 200 day moving average of $15.89. Freightcar America has a 1-year low of $10.87 and a 1-year high of $19.66. The stock has a market capitalization of $235.39 million, a P/E ratio of 728.46 and a beta of 1.61.

Freightcar America (NASDAQ:RAIL) last posted its earnings results on Wednesday, August 2nd. The transportation company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The company had revenue of $118.67 million for the quarter, compared to analyst estimates of $108.43 million. Freightcar America had a return on equity of 1.61% and a net margin of 0.06%. Freightcar America’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) earnings per share. Equities research analysts expect that Freightcar America will post ($0.21) earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. Royce & Associates LP lifted its position in shares of Freightcar America by 5.1% in the second quarter. Royce & Associates LP now owns 1,280,893 shares of the transportation company’s stock valued at $22,275,000 after acquiring an additional 62,587 shares in the last quarter. Ironwood Investment Management LLC lifted its position in shares of Freightcar America by 3.8% in the first quarter. Ironwood Investment Management LLC now owns 11,730 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 433 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Freightcar America by 1.5% in the second quarter. Russell Investments Group Ltd. now owns 323,036 shares of the transportation company’s stock valued at $5,617,000 after acquiring an additional 4,624 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Freightcar America by 83.6% in the first quarter. Wells Fargo & Company MN now owns 619,186 shares of the transportation company’s stock valued at $7,758,000 after acquiring an additional 281,985 shares in the last quarter. Finally, Strs Ohio lifted its position in shares of Freightcar America by 77.8% in the first quarter. Strs Ohio now owns 30,400 shares of the transportation company’s stock valued at $380,000 after acquiring an additional 13,300 shares in the last quarter. Institutional investors and hedge funds own 82.74% of the company’s stock.

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.

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