Raymond James Increases American Railcar Industries Price Target to $44.00 (ARII)
Research analysts at Raymond James lifted their price objective on shares of American Railcar Industries (NASDAQ:ARII) from $41.00 to $44.00 in a report released on Tuesday, AmericanBankingNews.com reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 9.53% from the company’s current price.
A number of other analysts have also recently weighed in on ARII. 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. Separately, 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. 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 stock. The company presently 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. The stock had a trading volume of 182,485 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 $37.37 and its 200-day moving average is $36.29. The company has a market cap of $857.7 million and a price-to-earnings ratio of 10.74.
American Railcar Industries (NASDAQ:ARII) last announced its earnings results 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. 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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