Freightcar America (NASDAQ:RAIL) Stock Rating Lowered by Wall Street Zen

Freightcar America (NASDAQ:RAIL) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings raised Freightcar America from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $9.00.

Freightcar America Stock Down 4.6%

RAIL opened at $8.28 on Friday. The company has a market cap of $157.90 million, a PE ratio of 7.46 and a beta of 1.75. Freightcar America has a twelve month low of $4.31 and a twelve month high of $14.90. The company has a 50-day moving average price of $12.17 and a 200 day moving average price of $10.20.

Freightcar America (NASDAQ:RAIL) last posted its quarterly earnings data on Monday, March 9th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). Freightcar America had a negative return on equity of 15.54% and a net margin of 7.61%.The firm had revenue of $125.57 million during the quarter, compared to analyst estimates of $144.95 million. As a group, sell-side analysts expect that Freightcar America will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RAIL. BNP Paribas Financial Markets grew its holdings in shares of Freightcar America by 208.6% in the third quarter. BNP Paribas Financial Markets now owns 2,935 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 1,984 shares during the period. Royal Bank of Canada raised its stake in Freightcar America by 2,843.5% during the fourth quarter. Royal Bank of Canada now owns 4,062 shares of the transportation company’s stock worth $45,000 after purchasing an additional 3,924 shares during the period. Quarry LP acquired a new position in Freightcar America in the 3rd quarter valued at about $53,000. State of Wyoming acquired a new position in Freightcar America in the 2nd quarter valued at about $63,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Freightcar America in the 1st quarter valued at approximately $61,000. Institutional investors and hedge funds own 31.96% of the company’s stock.

Freightcar America Company Profile

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.