Freightcar America, Inc. (NASDAQ:RAIL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

According to Zacks, “FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois, Roanoke, Virginia and Johnstown, Pennsylvania. “

Separately, Stifel Nicolaus reissued a “hold” rating and issued a $14.00 price target (down from $15.00) on shares of Freightcar America in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $16.25.

Freightcar America (NASDAQ:RAIL) opened at $15.61 on Friday. Freightcar America has a twelve month low of $12.07 and a twelve month high of $20.46.

Freightcar America (NASDAQ:RAIL) last announced its quarterly earnings results on Wednesday, November 1st. The transportation company reported ($0.73) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.63). Freightcar America had a negative net margin of 2.44% and a negative return on equity of 2.56%. The company had revenue of $72.00 million during the quarter, compared to analyst estimates of $87.20 million. Freightcar America’s revenue was down 36.6% compared to the same quarter last year. equities research analysts forecast that Freightcar America will post -0.98 EPS for the current fiscal year.

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In other news, Director S Carl Soderstrom, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $15.82, for a total value of $39,550.00. Following the completion of the sale, the director now directly owns 15,704 shares in the company, valued at $248,437.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James R. Meyer acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of $14.34 per share, with a total value of $143,400.00. Following the completion of the transaction, the insider now directly owns 2,619 shares of the company’s stock, valued at $37,556.46. The disclosure for this purchase can be found here. Insiders sold 9,000 shares of company stock valued at $139,815 over the last 90 days. Company insiders own 4.13% of the company’s stock.

Several institutional investors have recently bought and sold shares of RAIL. Ameriprise Financial Inc. purchased a new stake in shares of Freightcar America in the first quarter valued at approximately $155,000. KBC Group NV purchased a new stake in shares of Freightcar America in the third quarter valued at approximately $178,000. Eagle Global Advisors LLC purchased a new stake in shares of Freightcar America in the second quarter valued at approximately $201,000. Alliancebernstein L.P. purchased a new stake in shares of Freightcar America in the second quarter valued at approximately $212,000. Finally, Virtu KCG Holdings LLC purchased a new stake in shares of Freightcar America in the second quarter valued at approximately $258,000. Institutional investors and hedge funds own 85.43% 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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