American Railcar Industries, Inc. (NASDAQ:ARII) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $38.33.

ARII has been the topic of several recent research reports. ValuEngine raised shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Cowen and Company reissued a “buy” rating and issued a $45.00 price objective on shares of American Railcar Industries in a research note on Thursday, August 10th. Zacks Investment Research raised shares of American Railcar Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub raised shares of American Railcar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus set a $32.00 price objective on shares of American Railcar Industries and gave the company a “hold” rating in a research note on Wednesday, August 2nd.

COPYRIGHT VIOLATION WARNING: “American Railcar Industries, Inc. (ARII) Given Average Rating of “Hold” by Brokerages” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/10/26/american-railcar-industries-inc-arii-given-average-rating-of-hold-by-brokerages.html.

Shares of American Railcar Industries (ARII) opened at 39.22 on Thursday. American Railcar Industries has a one year low of $34.29 and a one year high of $51.10. The company’s 50-day moving average is $37.94 and its 200-day moving average is $37.61. The stock has a market capitalization of $748.44 million, a P/E ratio of 14.63 and a beta of 2.37.

American Railcar Industries (NASDAQ:ARII) last announced its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $109.00 million for the quarter, compared to analysts’ expectations of $113.62 million. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.40%. American Railcar Industries’s revenue was down 27.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 EPS. On average, equities research analysts anticipate that American Railcar Industries will post $2.22 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors boosted its position in shares of American Railcar Industries by 31.2% during the 3rd quarter. Nationwide Fund Advisors now owns 10,173 shares of the transportation company’s stock worth $393,000 after purchasing an additional 2,418 shares in the last quarter. Shell Asset Management Co. purchased a new stake in shares of American Railcar Industries during the 3rd quarter worth $2,793,000. The Manufacturers Life Insurance Company boosted its position in shares of American Railcar Industries by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,679 shares of the transportation company’s stock worth $256,000 after purchasing an additional 22 shares in the last quarter. State Street Corp boosted its position in shares of American Railcar Industries by 5.2% during the 2nd quarter. State Street Corp now owns 198,606 shares of the transportation company’s stock worth $7,605,000 after purchasing an additional 9,811 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of American Railcar Industries during the 2nd quarter worth $766,000. Institutional investors own 93.81% of the company’s stock.

American Railcar Industries Company Profile

American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs and manufactures railcars and a range of components for the North American railcar and industrial markets. It operates through three segments: manufacturing, railcar leasing and railcar services.

Receive News & Ratings for American Railcar Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Railcar Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.