ValuEngine Upgrades FreightCar America (RAIL) to “Hold”
ValuEngine upgraded shares of FreightCar America (NASDAQ:RAIL) from a sell rating to a hold rating in a research note released on Friday.
A number of other equities research analysts have also recently weighed in on RAIL. Cowen restated a hold rating and issued a $14.00 price target on shares of FreightCar America in a research note on Thursday. Buckingham Research dropped their price target on FreightCar America from $17.00 to $16.00 and set a neutral rating on the stock in a research note on Wednesday, February 28th. Stifel Nicolaus restated a hold rating and issued a $14.00 price target (down previously from $15.00) on shares of FreightCar America in a research note on Tuesday, November 7th. Zacks Investment Research cut FreightCar America from a hold rating to a sell rating in a research note on Friday, February 16th. Finally, Seaport Global Securities assumed coverage on FreightCar America in a research note on Thursday, January 4th. They issued a neutral rating on the stock. 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 presently has an average rating of Hold and an average target price of $15.75.
Shares of FreightCar America (NASDAQ RAIL) opened at $14.53 on Friday. FreightCar America has a 12 month low of $12.07 and a 12 month high of $20.46. The firm has a market capitalization of $180.11, a price-to-earnings ratio of -7.94 and a beta of 1.44.
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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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