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FreightCar America, Inc. (NASDAQ:RAIL) price target upped to $17.00, released a ratings update earlier today by Buckingham Research

Buckingham Research upped the price target of FreightCar America, Inc. (NASDAQ:RAIL) to $17.00 indicating a possible upside of 0.01%.

Yesterday FreightCar America, Inc. (NASDAQ:RAIL) traded 0.51% higher at $16.85. The company’s 50-day moving average is $17.48 and its 200-day moving average is $15.77. The last stock close price is up 13.30% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 126,251 shares of the stock were exchanged, up from an average trading volume of 101,242

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FreightCar America, Inc. (NASDAQ:RAIL)

FreightCar America, Inc. has a 52 week low of $10.87 and a 52 week high of $19.66 with a P/E ratio of 687.31 The company’s market cap is currently $0.

In addition to Buckingham Research reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $17.83 with 2 firms rating the stock a strong buy, 0 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About FreightCar America, Inc. (NASDAQ:RAIL)

FreightCar America, Inc. is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The Company manufactures aluminum-bodied railcars, including coal cars. The Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and major railcar rebuilds. The Company refurbishes and rebuilds railcars, and sells forged, cast and fabricated parts for all of the railcars. The Company also leases freight cars through its JAIX Leasing Company subsidiary. The Company's railcar manufacturing facilities are located in Cherokee, Alabama (Shoals), Danville, Illinois and Roanoke, Virginia.

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