American Railcar Industries Coverage Initiated at Standpoint Research (ARII)
Equities research analysts at Standpoint Research started coverage on shares of American Railcar Industries (NASDAQ:ARII) in a research note issued to investors on Wednesday, ARN reports. The firm set a “buy” rating on the stock.
Separately, analysts at BB&T Corp. downgraded shares of American Railcar Industries (NASDAQ:ARII) from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 26th. They now have a $43.00 price target on the stock.
Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $42.67.
Shares of American Railcar Industries (NASDAQ:ARII) traded up 0.36% on Wednesday, hitting $36.53. 55,781 shares of the company’s stock traded hands. American Railcar Industries has a 52-week low of $25.85 and a 52-week high of $47.10. The stock’s 50-day moving average is $36.11 and its 200-day moving average is $36.93. The company has a market cap of $780.0 million and a P/E ratio of 9.71.
American Railcar Industries (NASDAQ:ARII) last released its earnings data on Wednesday, July 24th. The company reported $1.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.29. The company had revenue of $159.40 million for the quarter, compared to the consensus estimate of $168.32 million. During the same quarter last year, the company posted $0.63 earnings per share. American Railcar Industries’s revenue was up 3.4% compared to the same quarter last year. Analysts expect that American Railcar Industries will post $3.94 EPS for the current fiscal year.
American Railcar Industries, Inc is a North American designer and manufacturer of hopper and tank railcars.
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