Cowen & Co. analyst Matt Elkott maintained a Hold rating on Freightcar America (NASDAQ: RAIL) today and set a price target of $19. The company’s shares opened today at $18.53.
According to TipRanks.com, Elkott is a 4-star analyst with an average return of 23.8% and a 90.9% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Trinity Industries, Westinghouse Air, and Greenbrier.
Currently, the analyst consensus on Freightcar America is a Hold with an average price target of $19, representing a 2.5% upside. In a report released yesterday, Stephens also reiterated a Hold rating on the stock with a $19 price target.
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Based on Freightcar America’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.34 million. In comparison, last year the company had a GAAP net loss of $448K.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is neutral on the stock.
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FreightCar America, Inc. manufactures railcars and railcar components. It designs and manufactures a broad variety 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.
