American Railcar Industries (NASDAQ:ARII) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday, January 3rd.
Several other equities analysts have also commented on ARII. ValuEngine upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stifel Nicolaus upped their target price on American Railcar Industries from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded American Railcar Industries from a “sell” rating to a “hold” rating in a research note on Thursday, December 28th. Cowen reiterated a “buy” rating and issued a $44.00 target price on shares of American Railcar Industries in a research note on Wednesday, November 1st. Finally, Buckingham Research upped their target price on American Railcar Industries from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.33.
American Railcar Industries (ARII) traded up $1.11 during trading on Wednesday, reaching $40.19. The company had a trading volume of 52,600 shares, compared to its average volume of 78,038. The firm has a market capitalization of $745.80, a price-to-earnings ratio of 14.61 and a beta of 2.42. American Railcar Industries has a 52-week low of $34.29 and a 52-week high of $49.33. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.06 and a quick ratio of 2.13.
American Railcar Industries (NASDAQ:ARII) last released its earnings results on Tuesday, October 31st. The transportation company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.11). The business had revenue of $120.75 million during the quarter, compared to analyst estimates of $123.63 million. American Railcar Industries had a net margin of 10.28% and a return on equity of 9.66%. The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. equities research analysts forecast that American Railcar Industries will post 2.08 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. LSV Asset Management increased its stake in American Railcar Industries by 0.9% during the second quarter. LSV Asset Management now owns 461,619 shares of the transportation company’s stock worth $17,680,000 after acquiring an additional 3,900 shares during the last quarter. Northern Trust Corp increased its stake in American Railcar Industries by 82.8% during the second quarter. Northern Trust Corp now owns 290,305 shares of the transportation company’s stock worth $11,119,000 after acquiring an additional 131,503 shares during the last quarter. State Street Corp increased its stake in American Railcar Industries by 5.2% during the second quarter. State Street Corp now owns 198,606 shares of the transportation company’s stock worth $7,605,000 after acquiring an additional 9,811 shares during the last quarter. Bank of New York Mellon Corp increased its stake in American Railcar Industries by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 193,962 shares of the transportation company’s stock worth $7,429,000 after acquiring an additional 2,875 shares during the last quarter. Finally, Kennedy Capital Management Inc. acquired a new stake in American Railcar Industries during the second quarter worth about $3,064,000. Institutional investors own 94.78% of the company’s stock.
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About American Railcar Industries
American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs and manufactures railcars and a range of components for the North American railcar and industrial markets. It operates through three segments: manufacturing, railcar leasing and railcar services.
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