Freightcar America (NASDAQ:RAIL) Upgraded at Zacks Research

Freightcar America (NASDAQ:RAIL) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings cut Freightcar America from a “hold (c)” rating to a “sell (d)” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Freightcar America Stock Performance

NASDAQ RAIL opened at $7.41 on Wednesday. Freightcar America has a 52 week low of $7.27 and a 52 week high of $14.90. The firm has a 50 day moving average of $8.39 and a two-hundred day moving average of $9.35. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 2.70. The stock has a market capitalization of $242.97 million, a PE ratio of -13.72 and a beta of 1.48.

Freightcar America (NASDAQ:RAIL) last announced its quarterly earnings data on Monday, August 3rd. The transportation company reported ($0.02) earnings per share for the quarter. The firm had revenue of $113.14 million during the quarter, compared to analyst estimates of $110.41 million. Freightcar America had a negative net margin of 2.69% and a negative return on equity of 15.23%. As a group, research analysts expect that Freightcar America will post 0.35 EPS for the current fiscal year.

Institutional Trading of Freightcar America

Several institutional investors have recently modified their holdings of RAIL. Hillsdale Investment Management Inc. raised its stake in Freightcar America by 708.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 290,954 shares of the transportation company’s stock worth $3,221,000 after acquiring an additional 254,954 shares in the last quarter. North Star Investment Management Corp. lifted its position in Freightcar America by 36.8% in the first quarter. North Star Investment Management Corp. now owns 237,800 shares of the transportation company’s stock valued at $1,895,000 after acquiring an additional 64,000 shares during the last quarter. Globeflex Capital L P boosted its stake in Freightcar America by 840.3% in the first quarter. Globeflex Capital L P now owns 72,484 shares of the transportation company’s stock valued at $578,000 after acquiring an additional 64,775 shares in the last quarter. Penn Capital Management Company LLC acquired a new position in Freightcar America in the fourth quarter valued at $734,000. Finally, Sei Investments Co. grew its holdings in shares of Freightcar America by 119.9% during the first quarter. Sei Investments Co. now owns 121,153 shares of the transportation company’s stock worth $966,000 after purchasing an additional 66,056 shares during the last quarter. Hedge funds and other institutional investors 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.