FreightCar America’s (RAIL) “Hold” Rating Reiterated at Cowen
Cowen reaffirmed their hold rating on shares of FreightCar America (NASDAQ:RAIL) in a research report released on Thursday morning. Cowen currently has a $14.00 target price on the transportation company’s stock.
A number of other brokerages have also commented on RAIL. Seaport Global Securities began coverage on FreightCar America in a research report on Thursday, January 4th. They issued a neutral rating for the company. ValuEngine lowered FreightCar America from a hold rating to a sell rating in a research report on Saturday, January 13th. Zacks Investment Research raised FreightCar America from a sell rating to a hold rating in a research report on Wednesday, January 31st. Stifel Nicolaus reaffirmed a hold rating and issued a $14.00 target price (down from $15.00) on shares of FreightCar America in a research report on Tuesday, November 7th. Finally, Buckingham Research decreased their target price on FreightCar America from $17.00 to $16.00 and set a neutral rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. FreightCar America currently has a consensus rating of Hold and an average price target of $15.75.
FreightCar America (RAIL) traded up $0.33 during mid-day trading on Thursday, hitting $14.53. The stock had a trading volume of 116,038 shares, compared to its average volume of 123,230. FreightCar America has a 1 year low of $12.07 and a 1 year high of $20.46.
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About FreightCar America
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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