Freightcar America (NASDAQ:RAIL - Get Free Report) was upgraded by analysts at Weiss Ratings from a "sell (d+)" rating to a "hold (c-)" rating in a research note issued on Wednesday,Weiss Ratings reports.
Separately, Wall Street Zen upgraded Freightcar America from a "hold" rating to a "buy" rating in a report on Sunday, September 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $9.00.
Get Our Latest Research Report on Freightcar America
Freightcar America Trading Up 5.8%
RAIL opened at $10.05 on Wednesday. The stock has a 50-day moving average price of $9.04 and a 200-day moving average price of $8.17. Freightcar America has a 12-month low of $4.31 and a 12-month high of $16.10. The stock has a market capitalization of $192.26 million, a P/E ratio of -14.36 and a beta of 2.19.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mechanics Financial Corp bought a new position in shares of Freightcar America in the 1st quarter worth approximately $55,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Freightcar America in the 1st quarter worth approximately $61,000. State of Wyoming bought a new position in shares of Freightcar America in the 2nd quarter worth approximately $63,000. Walleye Capital LLC bought a new position in shares of Freightcar America in the 1st quarter worth approximately $74,000. Finally, Pacific Wealth Strategies Group Inc. bought a new position in shares of Freightcar America in the 2nd quarter worth approximately $87,000. Institutional investors own 31.96% of the company's stock.
About Freightcar America
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Freightcar America, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freightcar America wasn't on the list.
While Freightcar America currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
