FreightCar America, Inc. (NASDAQ:RAIL) has been given an average rating of “Hold” by the six ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $11.33.
Several equities research analysts recently issued reports on RAIL shares. Zacks Investment Research raised FreightCar America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Stifel Nicolaus set a $8.00 price target on FreightCar America and gave the company a “hold” rating in a research report on Tuesday, April 2nd. ValuEngine raised FreightCar America from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Buckingham Research set a $7.00 price target on FreightCar America and gave the company a “hold” rating in a research report on Friday, March 22nd.
Shares of RAIL remained flat at $$6.09 during trading on Friday. The company’s stock had a trading volume of 61,404 shares, compared to its average volume of 102,618. FreightCar America has a one year low of $5.93 and a one year high of $20.14. The firm has a market cap of $76.71 million, a price-to-earnings ratio of -3.42 and a beta of 1.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.01.
In related news, Director William D. Gehl acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average cost of $6.45 per share, for a total transaction of $64,500.00. Following the purchase, the director now directly owns 31,252 shares in the company, valued at $201,575.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James D. Cirar acquired 8,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average price of $6.32 per share, with a total value of $50,560.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 22,000 shares of company stock worth $140,460. Corporate insiders own 6.65% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Parametric Portfolio Associates LLC bought a new position in FreightCar America during the 1st quarter worth $64,000. Rhumbline Advisers grew its stake in FreightCar America by 39.8% during the 4th quarter. Rhumbline Advisers now owns 18,050 shares of the transportation company’s stock worth $121,000 after buying an additional 5,141 shares during the last quarter. Millennium Management LLC bought a new position in FreightCar America during the 4th quarter worth $247,000. Two Sigma Investments LP grew its stake in FreightCar America by 103.3% during the 4th quarter. Two Sigma Investments LP now owns 53,594 shares of the transportation company’s stock worth $359,000 after buying an additional 27,229 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its stake in FreightCar America by 56.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 87,800 shares of the transportation company’s stock worth $588,000 after buying an additional 31,840 shares during the last quarter. Hedge funds and other institutional investors own 85.28% of the company’s stock.
About FreightCar America
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. It operates through two segments, Manufacturing and Parts. 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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