FreightCar America (NASDAQ:RAIL) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of FreightCar America (NASDAQ:RAIL) from a buy rating to a strong-buy rating in a research report report published on Tuesday.

FreightCar America Stock Down 1.5 %

Shares of NASDAQ RAIL opened at $6.46 on Tuesday. The firm’s fifty day moving average is $10.15 and its 200 day moving average is $10.52. FreightCar America has a 52 week low of $3.02 and a 52 week high of $16.10. The company has a market cap of $123.13 million, a price-to-earnings ratio of -1.52 and a beta of 2.08.

FreightCar America (NASDAQ:RAIL) last released its quarterly earnings data on Wednesday, March 12th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.16. The firm had revenue of $137.70 million for the quarter, compared to analysts’ expectations of $152.02 million. FreightCar America had a negative net margin of 20.66% and a negative return on equity of 27.10%. Equities research analysts anticipate that FreightCar America will post 0.09 earnings per share for the current year.

Institutional Investors Weigh In On FreightCar America

A number of large investors have recently made changes to their positions in RAIL. Squarepoint Ops LLC bought a new position in shares of FreightCar America during the fourth quarter valued at approximately $290,000. Two Sigma Investments LP bought a new position in FreightCar America in the 4th quarter worth $254,000. State of Wyoming bought a new position in FreightCar America in the 4th quarter worth $136,000. Man Group plc purchased a new stake in shares of FreightCar America in the 4th quarter worth about $480,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of FreightCar America during the 4th quarter valued at about $212,000. 31.96% of the stock is currently owned by institutional investors.

About FreightCar America

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.