Zacks Investment Research upgraded FreightCar America, Inc. (NASDAQ:RAIL) to Hold in a report released today.
- Updated: October 9, 2016
Just yesterday FreightCar America, Inc. (NASDAQ:RAIL) traded -0.73% lower at $14.65. FreightCar America, Inc.’s 50-day moving average is $14.18 and its 200-day moving average is $14.61. The last closing price is up 2.66% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 105,981 shares of RAIL traded hands, down from an average trading volume of 143,237
Zacks Investment Research has upgraded FreightCar America, Inc. (NASDAQ:RAIL) to Hold in a report released on 10/05/2016.
Recent Performance Chart
FreightCar America, Inc. has 52 week low of $12.56 and a 52 week high of $24.95 with a PE ratio of 4.78 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $17.83 with 2 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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