Noble Financial upgraded shares of FreightCar America (NASDAQ:RAIL – Free Report) to a strong-buy rating in a research note issued to investors on Friday morning, Zacks.com reports.
Separately, StockNews.com started coverage on FreightCar America in a research note on Thursday, March 21st. They set a hold rating for the company.
Get Our Latest Stock Analysis on FreightCar America
FreightCar America Stock Down 2.6 %
FreightCar America (NASDAQ:RAIL – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The transportation company reported $0.02 EPS for the quarter. FreightCar America had a negative return on equity of 20.71% and a negative net margin of 6.88%. The company had revenue of $161.06 million during the quarter. Sell-side analysts anticipate that FreightCar America will post 0.17 earnings per share for the current year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in FreightCar America stock. Vanguard Group Inc. boosted its stake in shares of FreightCar America, Inc. (NASDAQ:RAIL – Free Report) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584,292 shares of the transportation company’s stock after acquiring an additional 26,412 shares during the quarter. Vanguard Group Inc. owned 3.19% of FreightCar America worth $2,250,000 as of its most recent SEC filing. Institutional investors own 31.96% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than FreightCar America
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- What Are Dividend Contenders? Investing in Dividend Contenders
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- Insider Trading – What You Need to Know
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for FreightCar America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FreightCar America and related companies with MarketBeat.com's FREE daily email newsletter.