FreightCar America (NASDAQ:RAIL) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of FreightCar America (NASDAQ:RAIL) in a research note released on Monday morning. The brokerage issued a hold rating on the transportation company’s stock.

Separately, Noble Financial raised FreightCar America to a strong-buy rating in a research report on Friday, June 28th.

FreightCar America Trading Up 1.9 %

Shares of NASDAQ RAIL opened at $6.01 on Monday. FreightCar America has a 12-month low of $2.25 and a 12-month high of $6.05. The firm has a market capitalization of $112.45 million, a price-to-earnings ratio of -3.90 and a beta of 1.97. The firm has a 50 day moving average of $3.62 and a 200 day moving average of $3.53.

FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings data on Monday, August 12th. The transportation company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $147.42 million during the quarter, compared to analyst estimates of $127.09 million. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. During the same period in the prior year, the business posted $0.02 EPS. Sell-side analysts predict that FreightCar America will post 0.2 EPS for the current year.

Institutional Investors Weigh In On FreightCar America

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of FreightCar America by 4.7% during the first quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock worth $2,250,000 after purchasing an additional 26,412 shares in the last quarter. Renaissance Technologies LLC boosted its stake in FreightCar America by 43.4% in the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock worth $408,000 after purchasing an additional 35,387 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in FreightCar America by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after buying an additional 5,880 shares in the last quarter. 31.96% of the stock is owned by institutional investors.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.