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Shares of American Railcar Industries (NASDAQ:ARII) hit a new 52-week high during trading on Thursday, Analyst Ratings Network reports. The stock traded as high as $48.53 and last traded at $48.45, with a volume of 486,998 shares trading hands. The stock had previously closed at $47.05.

A number of research firms have recently commented on ARII. Analysts at Raymond James downgraded shares of American Railcar Industries from an “outperform” rating to an “underperform” rating in a research note to investors on Thursday, November 21st. They now have a $44.00 price target on the stock. Separately, analysts at Standpoint Research downgraded shares of American Railcar Industries from a “buy” rating to a “hold” rating in a research note to investors on Thursday, November 14th. Finally, analysts at Zacks downgraded shares of American Railcar Industries from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 5th. They now have a $47.00 price target on the stock. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. American Railcar Industries has a consensus rating of “Hold” and an average price target of $43.00.

American Railcar Industries has a one year low of $29.86 and a one year high of $47.94. The stock’s 50-day moving average is $44.60 and its 200-day moving average is $40.0. The company has a market cap of $1.052 billion and a price-to-earnings ratio of 11.55.

American Railcar Industries, Inc is a North American designer and manufacturer of hopper and tank railcars.

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