This manufacturer of aluminum-bodied and steel-bodied railcars has seen 3 positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if Friday’s rally can turn into more strength down the road.
FreightCar America currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Investors interested in the transportation industry may also consider stocks like The Greenbrier Companies, Inc. (GBX), Trinity Industries Inc. (TRN) and Ryder System, Inc. (R). While Greenbrier Companies and Trinity Industries sport a Zacks Rank #1 (Strong Buy), Ryder carries the same rank as FreightCar America.
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