Freightcar America (NASDAQ:RAIL) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Freightcar America (NASDAQ:RAIL) from a sell rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

RAIL has been the topic of several other research reports. Weiss Ratings restated a “sell (d)” rating on shares of Freightcar America in a research note on Monday, November 2nd. Zacks Research cut shares of Freightcar America from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 21st. Two research analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Freightcar America Trading Down 7.0%

NASDAQ:RAIL traded down $0.37 on Friday, hitting $4.95. 241,951 shares of the stock were exchanged, compared to its average volume of 455,383. The company’s 50-day moving average price is $5.88 and its 200 day moving average price is $8.29. The stock has a market capitalization of $162.34 million, a price-to-earnings ratio of -15.97 and a beta of 1.58. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.44. Freightcar America has a 52 week low of $3.85 and a 52 week high of $14.90.

Freightcar America (NASDAQ:RAIL) last issued its earnings results on Monday, November 9th. The transportation company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.11). Freightcar America had a negative return on equity of 15.23% and a negative net margin of 1.32%. The company had revenue of $76.49 million for the quarter, compared to the consensus estimate of $75.75 million. On average, equities research analysts forecast that Freightcar America will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RAIL. BlackRock Inc. acquired a new position in shares of Freightcar America in the second quarter valued at $9,338,000. Penn Capital Management Company LLC grew its stake in Freightcar America by 28.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 435,647 shares of the transportation company’s stock valued at $2,941,000 after buying an additional 96,447 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Freightcar America in the 2nd quarter valued at about $3,584,000. Nwam LLC bought a new position in Freightcar America in the 2nd quarter valued at about $3,123,000. Finally, North Star Investment Management Corp. raised its holdings in Freightcar America by 28.8% in the 3rd quarter. North Star Investment Management Corp. now owns 172,400 shares of the transportation company’s stock valued at $1,164,000 after acquiring an additional 38,600 shares during the period. 31.96% of the stock is owned by institutional investors and hedge funds.

About Freightcar America

FreightCar America, Inc. designs, manufactures and sells freight railcars and railcar parts. Its products include freight cars for transporting bulk commodities and other goods, with offerings that include hopper cars, gondolas and intermodal railcars. The company also provides railcar repair and refurbishment services, supporting customers throughout the life of their equipment. Its manufacturing and service operations serve the North American rail industry, with facilities in the United States and Mexico.