UBS AG Increases American Railcar Industries Price Target to $50.00 (ARII)
Equities research analysts at UBS AG lifted their price target on shares of American Railcar Industries (NASDAQ:ARII) from $35.00 to $50.00 in a research note issued to investors on Monday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective suggests a potential upside of 2.21% from the company’s current price.
Several other analysts have also recently commented on the stock. 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 research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.00.
American Railcar Industries (NASDAQ:ARII) traded down 3.95% on Monday, hitting $46.99. The stock had a trading volume of 192,663 shares. American Railcar Industries has a 1-year low of $29.86 and a 1-year high of $49.46. The stock has a 50-day moving average of $45.76 and a 200-day moving average of $40.82. The company has a market cap of $1.003 billion and a P/E ratio of 12.01.
American Railcar Industries, Inc is a North American designer and manufacturer of hopper and tank railcars.
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