Analysts Set FreightCar America, Inc. (RAIL) Target Price at $14.67

Shares of FreightCar America, Inc. (NASDAQ:RAIL) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $14.67.

A number of research analysts have recently weighed in on RAIL shares. Seaport Global Securities started coverage on FreightCar America in a report on Thursday, January 4th. They set a “neutral” rating on the stock. ValuEngine downgraded FreightCar America from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Zacks Investment Research upgraded FreightCar America from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Buckingham Research lowered their price target on FreightCar America from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Finally, Cowen reiterated a “hold” rating and set a $14.00 price target on shares of FreightCar America in a report on Thursday, March 1st.

Shares of RAIL stock opened at $13.54 on Friday. FreightCar America has a 1-year low of $12.18 and a 1-year high of $20.46.

FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings results on Monday, February 26th. The transportation company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.23). FreightCar America had a negative net margin of 5.51% and a negative return on equity of 5.86%. The business had revenue of $79.24 million for the quarter, compared to analysts’ expectations of $105.65 million. equities research analysts predict that FreightCar America will post -1.76 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in FreightCar America by 234.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,875 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 6,221 shares during the last quarter. KBC Group NV acquired a new stake in FreightCar America during the third quarter valued at $178,000. Investors Research Corp acquired a new stake in FreightCar America during the fourth quarter valued at $233,000. Schwab Charles Investment Management Inc. boosted its position in FreightCar America by 22.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 21,600 shares of the transportation company’s stock valued at $369,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in FreightCar America during the fourth quarter valued at $651,000. 85.81% of the stock is owned by hedge funds and other institutional investors.

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FreightCar America Company Profile

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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