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Freightcar America (RAIL) Gets a Hold Rating from Cowen & Co.

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Cowen & Co. analyst Matt Elkott maintained a Hold rating on Freightcar America (RAILResearch Report) yesterday and set a price target of $6.50. The company’s shares closed last Tuesday at $3.40, close to its 52-week low of $3.06.

According to TipRanks.com, Elkott is a 5-star analyst with an average return of 15.3% and a 59.5% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Caterpillar, Paccar, and GATX.

The word on The Street in general, suggests a Hold analyst consensus rating for Freightcar America with a $6.50 average price target.

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Freightcar America’s market cap is currently $83.58M and has a P/E ratio of -2.61.

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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. The company was founded in 1901 and is headquartered in Chicago, IL.

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