American Railcar Industries Hits New 52-Week High at $78.60 (ARII)
American Railcar Industries (NASDAQ:ARII) hit a new 52-week high during mid-day trading on Monday , Analyst Ratings News reports. The company traded as high as $78.60 and last traded at $78.52, with a volume of 95,322 shares changing hands. The stock had previously closed at $76.54.
Separately, analysts at Zacks upgraded shares of American Railcar Industries from a “neutral” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a $72.60 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.87.
The stock’s 50-day moving average is $69.17 and its 200-day moving average is $64.. The company has a market cap of $1.680 billion and a price-to-earnings ratio of 16.62.
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. Analysts expect that American Railcar Industries will post $4.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, September 12th.
American Railcar Industries, Inc is a North American designer and manufacturer of hopper and tank railcars.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.