Shares of FreightCar America, Inc. (NASDAQ:RAIL) have been given a consensus rating of “Hold” by the six analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $15.33.

RAIL has been the subject of a number of research analyst reports. Zacks Investment Research raised FreightCar America from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “hold” rating and set a $15.00 price target on shares of FreightCar America in a research report on Thursday, September 21st. Finally, Seaport Global Securities initiated coverage on FreightCar America in a research report on Thursday. They set a “neutral” rating for the company.

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In other news, insider James R. Meyer acquired 10,000 shares of FreightCar America stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of $14.34 per share, with a total value of $143,400.00. Following the completion of the acquisition, the insider now owns 2,619 shares in the company, valued at $37,556.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director S Carl Soderstrom, Jr. sold 2,500 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $15.71, for a total value of $39,275.00. The disclosure for this sale can be found here. Insiders have sold 11,500 shares of company stock valued at $179,090 over the last ninety days. 4.13% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. KBC Group NV bought a new position in FreightCar America during the third quarter valued at $178,000. Alliancebernstein L.P. bought a new position in FreightCar America during the second quarter valued at $212,000. Virtu KCG Holdings LLC bought a new position in FreightCar America during the second quarter valued at $258,000. Rhumbline Advisers grew its holdings in FreightCar America by 2.5% during the second quarter. Rhumbline Advisers now owns 15,664 shares of the transportation company’s stock valued at $272,000 after purchasing an additional 387 shares during the period. Finally, Chicago Equity Partners LLC bought a new position in FreightCar America during the second quarter valued at $329,000. 84.30% of the stock is owned by institutional investors and hedge funds.

Shares of FreightCar America (NASDAQ RAIL) traded up $0.04 during trading on Thursday, hitting $16.60. The stock had a trading volume of 85,621 shares, compared to its average volume of 60,390. FreightCar America has a 12-month low of $12.07 and a 12-month high of $20.46.

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

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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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