American Railcar Industries Stock Rating Upgraded by Zacks (ARII)
American Railcar Industries (NASDAQ:ARII) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday. The firm currently has a $72.60 price target on the stock. Zacks‘s price target would suggest a potential upside of 1.73% from the company’s current price.
American Railcar Industries (NASDAQ:ARII) traded up 2.32% on Friday, hitting $71.39. 156,612 shares of the company’s stock traded hands. American Railcar Industries has a one year low of $34.03 and a one year high of $77.50. The stock has a 50-day moving average of $68.12 and a 200-day moving average of $63.89. The company has a market cap of $1.524 billion and a price-to-earnings ratio of 15.15.
American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.31. On average, analysts predict that American Railcar Industries will post $4.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Friday, September 12th.
American Railcar Industries, Inc is a North American designer and manufacturer of hopper and tank railcars.
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