StockNews.com started coverage on shares of FreightCar America (NASDAQ:RAIL – Free Report) in a report issued on Saturday. The brokerage issued a hold rating on the transportation company’s stock.
Separately, Noble Financial raised shares of FreightCar America to a strong-buy rating in a report on Friday, June 28th.
View Our Latest Stock Analysis on RAIL
FreightCar America Trading Down 6.0 %
FreightCar America (NASDAQ:RAIL – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The transportation company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $161.06 million for the quarter. FreightCar America had a negative net margin of 6.88% and a negative return on equity of 20.71%. As a group, research analysts forecast that FreightCar America will post 0.2 EPS for the current year.
Institutional Investors Weigh In On FreightCar America
A hedge fund recently raised its stake in FreightCar America stock. Vanguard Group Inc. lifted its holdings in shares of FreightCar America, Inc. (NASDAQ:RAIL – Free Report) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 584,292 shares of the transportation company’s stock after purchasing an additional 26,412 shares during the period. Vanguard Group Inc. owned about 3.19% of FreightCar America worth $2,250,000 at the end of the most recent reporting period. 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.
Featured Stories
- Five stocks we like better than FreightCar America
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Earnings Per Share Calculator: How to Calculate EPS
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Consumer Staples Stocks, Explained
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
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.