FreightCar America (NASDAQ:RAIL) Raised to “Strong-Buy” at StockNews.com

FreightCar America (NASDAQ:RAIL) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

FreightCar America Stock Down 0.6 %

RAIL stock opened at $6.42 on Tuesday. The company has a market cap of $122.37 million, a price-to-earnings ratio of -1.51 and a beta of 2.08. The business has a fifty day simple moving average of $10.07 and a 200-day simple moving average of $10.49. FreightCar America has a 52 week low of $3.02 and a 52 week high of $16.10.

FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings results on Wednesday, March 12th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.16. FreightCar America had a negative return on equity of 27.10% and a negative net margin of 20.66%. The firm had revenue of $137.70 million during the quarter, compared to the consensus estimate of $152.02 million. As a group, analysts expect that FreightCar America will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of FreightCar America

Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in FreightCar America in the 3rd quarter valued at $49,000. JPMorgan Chase & Co. boosted its position in FreightCar America by 98.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company’s stock valued at $50,000 after buying an additional 2,281 shares during the last quarter. Globeflex Capital L P purchased a new position in FreightCar America in the 4th quarter valued at about $69,000. Barclays PLC purchased a new position in FreightCar America in the 3rd quarter valued at about $73,000. Finally, Ritholtz Wealth Management purchased a new position in FreightCar America in the 4th quarter valued at about $104,000. 31.96% of the stock is currently owned by institutional investors and hedge funds.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.