American Railcar Industries (NASDAQ:ARII) Downgraded by BidaskClub to Hold

American Railcar Industries (NASDAQ:ARII) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday, January 11th.

A number of other equities analysts also recently commented on the company. ValuEngine upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Cowen reiterated a “buy” rating and set a $44.00 target price on shares of American Railcar Industries in a report on Wednesday, November 1st. Zacks Investment Research upgraded American Railcar Industries from a “sell” rating to a “hold” rating in a research note on Thursday, December 28th. Seaport Global Securities initiated coverage on American Railcar Industries in a research report on Thursday, January 4th. They set a “neutral” rating for the company. Finally, Buckingham Research boosted their price objective on American Railcar Industries from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $39.33.

Shares of American Railcar Industries (NASDAQ ARII) opened at $36.77 on Thursday. American Railcar Industries has a 52 week low of $34.29 and a 52 week high of $49.33. The company has a market capitalization of $728.81, a price-to-earnings ratio of 13.42 and a beta of 2.13. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.13 and a current ratio of 3.06.

Several institutional investors and hedge funds have recently bought and sold shares of ARII. Russell Investments Group Ltd. bought a new stake in shares of American Railcar Industries in the 3rd quarter worth $173,000. D.A. Davidson & CO. bought a new stake in shares of American Railcar Industries in the 2nd quarter worth $174,000. North Point Portfolio Managers Corp OH bought a new stake in shares of American Railcar Industries in the 4th quarter worth $204,000. Gamco Investors INC. ET AL bought a new stake in shares of American Railcar Industries in the 4th quarter worth $208,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of American Railcar Industries by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,679 shares of the transportation company’s stock worth $256,000 after acquiring an additional 22 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors.

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American Railcar Industries Company Profile

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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