Equities researchers at Seaport Global Securities started coverage on shares of FreightCar America (NASDAQ:RAIL) in a research report issued on Thursday, January 4th, MarketBeat.com reports. The firm set a “neutral” rating on the transportation company’s stock.

Several other research firms have also weighed in on RAIL. Zacks Investment Research lowered shares of FreightCar America from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Stifel Nicolaus restated a “hold” rating and issued a $14.00 target price (down previously from $15.00) on shares of FreightCar America in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. FreightCar America has an average rating of “Hold” and an average target price of $16.25.

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Shares of FreightCar America (RAIL) opened at $15.99 on Thursday. 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 earnings results on Wednesday, November 1st. The transportation company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.63). The company had revenue of $72.00 million during the quarter, compared to analyst estimates of $87.20 million. FreightCar America had a negative net margin of 2.44% and a negative return on equity of 2.56%. The business’s revenue was down 36.6% on a year-over-year basis. analysts expect that FreightCar America will post -0.98 earnings per share for the current year.

In other FreightCar America news, Director S Carl Soderstrom, Jr. sold 4,500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $15.61, for a total value of $70,245.00. Following the completion of the sale, the director now owns 15,704 shares in the company, valued at approximately $245,139.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James R. Meyer bought 10,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average price of $14.34 per share, with a total value of $143,400.00. Following the transaction, the insider now owns 2,619 shares in the company, valued at $37,556.46. The disclosure for this purchase can be found here. Insiders have sold 11,500 shares of company stock valued at $179,090 over the last 90 days. 4.13% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in RAIL. Numeric Investors LLC acquired a new position in FreightCar America in the 2nd quarter valued at $3,680,000. AJO LP acquired a new position in FreightCar America in the 2nd quarter valued at $3,564,000. Boston Partners grew its stake in FreightCar America by 14.6% in the 3rd quarter. Boston Partners now owns 1,082,820 shares of the transportation company’s stock valued at $21,180,000 after buying an additional 138,021 shares during the last quarter. Uniplan Investment Counsel Inc. grew its stake in FreightCar America by 58.2% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 338,821 shares of the transportation company’s stock valued at $5,892,000 after buying an additional 124,705 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in FreightCar America by 19.0% in the 1st quarter. Vanguard Group Inc. now owns 560,112 shares of the transportation company’s stock valued at $7,019,000 after buying an additional 89,375 shares during the last quarter. Institutional investors own 83.94% of the company’s stock.

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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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