In a report released yesterday, Michael Baudendistel from Stifel Nicolaus reiterated a Hold rating on Freightcar America (NASDAQ: RAIL), with a price target of $19. The company’s shares closed yesterday at $18.47.
According to TipRanks.com, Baudendistel is a 3-star analyst with an average return of 3.7% and a 62.9% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Wabash National Corp, and Trinity Industries.
The word on The Street in general, suggests a Hold analyst consensus rating for Freightcar America with a $19 average price target, implying a 2.9% upside from current levels. In a report released yesterday, Stephens also reiterated a Hold rating on the stock with a $19 price target.
.
See today’s analyst top recommended stocks >>
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
