FreightCar America (RAIL) Hits New 1-Year Low at $8.66

FreightCar America, Inc. (NASDAQ:RAIL)’s share price hit a new 52-week low on Thursday . The stock traded as low as $8.66 and last traded at $8.80, with a volume of 3875 shares changing hands. The stock had previously closed at $8.95.

RAIL has been the subject of several research reports. Buckingham Research increased their price objective on FreightCar America from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, August 13th. ValuEngine lowered FreightCar America from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research lowered FreightCar America from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Finally, CL King lowered FreightCar America from a “buy” rating to a “neutral” rating in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.00.

The firm has a market cap of $108.04 million, a price-to-earnings ratio of -7.28 and a beta of 1.42.

FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings data on Wednesday, October 31st. The transportation company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.24). FreightCar America had a negative net margin of 8.46% and a negative return on equity of 9.80%. The firm had revenue of $78.97 million for the quarter, compared to the consensus estimate of $66.00 million. As a group, analysts anticipate that FreightCar America, Inc. will post -1.58 EPS for the current fiscal year.

In related news, insider James R. Meyer bought 5,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were purchased at an average price of $9.86 per share, for a total transaction of $49,300.00. Following the completion of the transaction, the insider now directly owns 35,006 shares in the company, valued at approximately $345,159.16. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have acquired 8,500 shares of company stock worth $82,930. Company insiders own 6.51% of the company’s stock.

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of FreightCar America during the second quarter worth $115,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of FreightCar America during the second quarter worth $224,000. PEAK6 Investments LLC purchased a new stake in shares of FreightCar America during the third quarter worth $283,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of FreightCar America during the second quarter worth $314,000. Finally, Chicago Equity Partners LLC purchased a new stake in shares of FreightCar America during the third quarter worth $476,000. Hedge funds and other institutional investors own 88.54% of the company’s stock.

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FreightCar America Company Profile (NASDAQ:RAIL)

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.

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