American Railcar Industries, Inc. (ARII) Rating Reiterated by Cowen and Company

American Railcar Industries, Inc. (NASDAQ:ARII)‘s stock had its “buy” rating reiterated by analysts at Cowen and Company in a research note issued to investors on Thursday. They currently have a $45.00 price objective on the transportation company’s stock. Cowen and Company’s target price suggests a potential upside of 21.33% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. BidaskClub raised American Railcar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Stifel Nicolaus set a $32.00 target price on American Railcar Industries and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut American Railcar Industries from a “buy” rating to a “strong sell” rating in a research note on Monday. Finally, Buckingham Research began coverage on American Railcar Industries in a research note on Wednesday, June 21st. They set a “neutral” rating and a $38.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.33.

American Railcar Industries (NASDAQ ARII) opened at 37.09 on Thursday. American Railcar Industries has a 12-month low of $34.30 and a 12-month high of $51.10. The company has a market cap of $707.79 million, a PE ratio of 13.83 and a beta of 2.32. The stock’s 50 day moving average price is $36.90 and its 200 day moving average price is $39.97.

American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $109 million during the quarter, compared to analysts’ expectations of $113.62 million. American Railcar Industries had a return on equity of 11.40% and a net margin of 9.59%. The business’s quarterly revenue was down 27.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 earnings per share. Equities research analysts anticipate that American Railcar Industries will post $2.22 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in ARII. Wellington Management Group LLP boosted its stake in American Railcar Industries by 0.3% in the first quarter. Wellington Management Group LLP now owns 17,215 shares of the transportation company’s stock valued at $707,000 after buying an additional 57 shares in the last quarter. Horrell Capital Management Inc. boosted its stake in American Railcar Industries by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the transportation company’s stock valued at $1,120,000 after buying an additional 100 shares in the last quarter. AQR Capital Management LLC boosted its stake in American Railcar Industries by 0.7% in the fourth quarter. AQR Capital Management LLC now owns 19,462 shares of the transportation company’s stock valued at $881,000 after buying an additional 133 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in American Railcar Industries by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 30,507 shares of the transportation company’s stock valued at $1,169,000 after buying an additional 152 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in American Railcar Industries by 1.1% in the first quarter. Parametric Portfolio Associates LLC now owns 21,261 shares of the transportation company’s stock valued at $874,000 after buying an additional 233 shares in the last quarter. 95.03% of the stock is owned by institutional investors and hedge funds.

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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