American Railcar Industries, Inc. (ARII) Receives Consensus Recommendation of “Buy” from Brokerages

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American Railcar Industries, Inc. (NASDAQ:ARII) has been given a consensus recommendation of “Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $52.33.

A number of equities research analysts have issued reports on ARII shares. ValuEngine raised shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th. BidaskClub raised shares of American Railcar Industries from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 27th. Zacks Investment Research raised shares of American Railcar Industries from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. TheStreet raised shares of American Railcar Industries from a “c+” rating to a “b” rating in a research report on Wednesday, July 25th. Finally, Stifel Nicolaus set a $43.00 price objective on shares of American Railcar Industries and gave the stock a “hold” rating in a research report on Thursday, August 2nd.

Several institutional investors have recently added to or reduced their stakes in ARII. Gamco Investors INC. ET AL bought a new position in shares of American Railcar Industries during the 3rd quarter valued at approximately $231,000. Russell Investments Group Ltd. bought a new position in shares of American Railcar Industries during the 3rd quarter valued at approximately $282,000. Paloma Partners Management Co bought a new position in shares of American Railcar Industries during the 2nd quarter valued at approximately $339,000. D.A. Davidson & CO. grew its position in shares of American Railcar Industries by 17.7% during the 2nd quarter. D.A. Davidson & CO. now owns 9,094 shares of the transportation company’s stock valued at $359,000 after acquiring an additional 1,366 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new position in shares of American Railcar Industries during the 2nd quarter valued at approximately $509,000. 91.90% of the stock is owned by hedge funds and other institutional investors.

ARII stock traded down $0.19 during trading on Monday, reaching $70.12. The stock had a trading volume of 132,703 shares, compared to its average volume of 478,209. American Railcar Industries has a one year low of $34.76 and a one year high of $70.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.74 and a current ratio of 2.61. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 38.32 and a beta of 1.14.

American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings data on Tuesday, October 30th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.17. American Railcar Industries had a net margin of 29.71% and a return on equity of 6.32%. The business had revenue of $100.00 million during the quarter, compared to the consensus estimate of $98.67 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was down 17.2% compared to the same quarter last year. On average, sell-side analysts forecast that American Railcar Industries will post 2.34 EPS for the current fiscal year.

American Railcar Industries Company Profile

American Railcar Industries, Inc, together with its subsidiaries, designs and manufactures hopper and tank railcars in North America. It operates through three segments: Manufacturing, Railcar Leasing, and Railcar Services. The Manufacturing segment manufactures hopper railcars for shipping various dry bulk products, such as plastic pellets, as well as high-density products, including cement and sand; pressure tank railcars for transporting products comprising chlorine, anhydrous ammonia, liquid propane, and butane; and other types of railcars.

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