Freightcar America (NASDAQ:RAIL) Stock Gets Downgrade from Wall Street Zen

by · The Cerbat Gem

Freightcar America (NASDAQ:RAIL – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other research analysts also recently weighed in on RAIL. Zacks Research downgraded shares of Freightcar America from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 21st. Weiss Ratings downgraded shares of Freightcar America from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

View Our Latest Analysis on Freightcar America

Freightcar America Stock Performance

Shares of RAIL stock opened at $4.17 on Friday. Freightcar America has a fifty-two week low of $3.85 and a fifty-two week high of $14.90. The stock’s 50-day moving average is $6.38 and its two-hundred day moving average is $8.63. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.81 and a quick ratio of 1.12. The firm has a market cap of $136.74 million, a P/E ratio of -7.72 and a beta of 1.42.

Freightcar America (NASDAQ:RAIL – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The transportation company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $113.14 million for 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%. Analysts predict that Freightcar America will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Freightcar America

A number of hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. grew its position in Freightcar America by 28.8% in the third quarter. North Star Investment Management Corp. now owns 172,400 shares of the transportation company’s stock valued at $1,164,000 after acquiring an additional 38,600 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Freightcar America during the third quarter valued at approximately $183,000. Nwam LLC purchased a new position in shares of Freightcar America during the second quarter valued at approximately $3,123,000. Sigma Planning Corp purchased a new position in shares of Freightcar America in the 2nd quarter worth approximately $111,000. Finally, Penn Capital Management Company LLC lifted its stake in Freightcar America by 134.7% in the second quarter. Penn Capital Management Company LLC now owns 339,200 shares of the transportation company’s stock valued at $3,304,000 after purchasing an additional 194,684 shares during the last quarter. Institutional investors own 31.96% of the company’s stock.

Freightcar America Company Profile

(Get Free Report)

FreightCar America, Inc designs and manufactures freight railcars for the North American rail transportation industry. Its product portfolio has included aluminum and steel railcars, such as open-top hopper cars, gondolas, flat cars and other specialized freight equipment used to transport coal, aggregates, metals, agricultural products and other bulk commodities.

The company serves major railroads, railcar leasing companies and industrial shippers. Its railcars are designed for applications that require durable, high-capacity equipment, with product offerings tailored to commodity transportation and intermodal or specialized freight needs.

FreightCar America traces its roots to the early 1900s and has historically operated manufacturing and engineering activities in the United States and Mexico.

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