According to Zacks, “FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois, Roanoke, Virginia and Johnstown, Pennsylvania. “
RAIL has been the topic of a number of other reports. ValuEngine downgraded FreightCar America from a hold rating to a sell rating in a research report on Wednesday, January 2nd. Buckingham Research set a $7.00 price target on FreightCar America and gave the stock a hold rating in a research report on Friday, March 22nd. Finally, Stifel Nicolaus set a $8.00 price target on FreightCar America and gave the stock a hold rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. FreightCar America has a consensus rating of Hold and a consensus target price of $13.25.
FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported ($1.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.64). The business had revenue of $70.71 million for the quarter, compared to analyst estimates of $65.40 million. FreightCar America had a negative return on equity of 14.12% and a negative net margin of 15.85%. On average, analysts predict that FreightCar America will post -0.88 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in shares of FreightCar America by 39.8% in the 4th quarter. Rhumbline Advisers now owns 18,050 shares of the transportation company’s stock valued at $121,000 after acquiring an additional 5,141 shares during the period. Geode Capital Management LLC increased its position in shares of FreightCar America by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 123,639 shares of the transportation company’s stock valued at $827,000 after acquiring an additional 6,404 shares during the period. BlackRock Inc. increased its position in shares of FreightCar America by 1.1% in the 3rd quarter. BlackRock Inc. now owns 850,136 shares of the transportation company’s stock valued at $13,662,000 after acquiring an additional 8,887 shares during the period. Dimensional Fund Advisors LP increased its position in shares of FreightCar America by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,048,365 shares of the transportation company’s stock valued at $16,847,000 after acquiring an additional 12,098 shares during the period. Finally, Fairfax Financial Holdings Ltd Can increased its position in shares of FreightCar America by 11.1% in the 4th quarter. Fairfax Financial Holdings Ltd Can now owns 200,000 shares of the transportation company’s stock valued at $1,338,000 after acquiring an additional 20,000 shares during the period. 87.07% of the stock is currently owned by hedge funds and other institutional investors.
FreightCar America Company Profile
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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