American Railcar Industries’s “Buy” Rating Reaffirmed at Standpoint Research (ARII)
American Railcar Industries (NASDAQ:ARII)‘s stock had its “buy” rating reaffirmed by research analysts at Standpoint Research in a report released on Tuesday, ARN reports. They currently have a $44.00 price objective on the stock. Standpoint Research’s price objective would suggest a potential upside of 9.53% from the company’s current price.
ARII has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of American Railcar Industries from $41.00 to $44.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of American Railcar Industries from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $43.00 price target on the stock. Finally, 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 assigned a buy rating to the company’s stock. American Railcar Industries has a consensus rating of “Buy” and an average target price of $42.40.
American Railcar Industries (NASDAQ:ARII) traded down 0.17% on Tuesday, hitting $40.17. 182,485 shares of the company’s stock traded hands. American Railcar Industries has a one year low of $25.85 and a one year high of $47.10. The stock’s 50-day moving average is $37.37 and its 200-day moving average is $36.29. The company has a market cap of $857.7 million and a P/E ratio of 10.74.
American Railcar Industries (NASDAQ:ARII) last announced its earnings results on Wednesday, July 24th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue 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.
American Railcar Industries, Inc is a North American designer and manufacturer of hopper and tank railcars.
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