American Railcar Industries Upgraded by Zacks to “Outperform” (ARII)
American Railcar Industries (NASDAQ:ARII) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Monday, AnalystRatings.NET reports. The firm currently has a $43.00 price objective on the stock. Zacks‘ price target would indicate a potential upside of 6.86% from the stock’s previous close.
Shares of American Railcar Industries (NASDAQ:ARII) traded down 1.81% during mid-day trading on Monday, hitting $40.24. The stock had a trading volume of 417,055 shares. 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 $37.09 and its 200-day moving average is $36.47. The company has a market cap of $859.2 million and a P/E ratio of 10.94.
American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that American Railcar Industries will post $3.94 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Standpoint Research initiated coverage on shares of American Railcar Industries in a research note to investors on Wednesday, September 18th. They set a “buy” rating and a $44.00 price target on the stock. Analysts at BB&T Corp. downgraded shares of American Railcar Industries 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. American Railcar Industries presently has an average rating of “Buy” and an average price target of $43.00.
American Railcar Industries, Inc is a North American designer and manufacturer of hopper and tank railcars.
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