American Railcar Industries (ARII) Stock Rating Upgraded by Zacks Investment Research

American Railcar Industries (NASDAQ:ARII) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage presently has a $40.00 target price on the transportation company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.45% from the company’s previous close.

According to Zacks, “American Railcar Industries, Inc. is a leading North American manufacturer of covered hopper and tank railcars. ARI also repairs and refurbishes railcars, provides fleet management services and designs and manufactures railcar and industrial components used in the production of its railcars as well as railcars and non-railcar industrial products produced by others. “

Several other equities analysts have also recently weighed in on the company. BidaskClub upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. ValuEngine upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Buckingham Research raised their price target on American Railcar Industries from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Cowen restated a “buy” rating and set a $44.00 price target on shares of American Railcar Industries in a report on Wednesday, November 1st. Finally, Stifel Nicolaus raised their price target on American Railcar Industries from $32.00 to $35.00 and gave the company a “hold” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. American Railcar Industries presently has an average rating of “Hold” and an average target price of $39.50.

American Railcar Industries (ARII) traded up $0.08 during trading hours on Friday, hitting $35.89. The company had a trading volume of 72,893 shares, compared to its average volume of 70,685. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.06 and a quick ratio of 2.13. American Railcar Industries has a 12-month low of $34.29 and a 12-month high of $49.33. The stock has a market capitalization of $691.41, a PE ratio of 13.10 and a beta of 2.13.

Large investors have recently bought and sold shares of the company. Smithfield Trust Co. lifted its stake in shares of American Railcar Industries by 4.4% in the 2nd quarter. Smithfield Trust Co. now owns 2,610 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 110 shares during the last quarter. BlackRock Group LTD lifted its stake in shares of American Railcar Industries by 83.4% in the 1st quarter. BlackRock Group LTD now owns 3,135 shares of the transportation company’s stock valued at $128,000 after purchasing an additional 1,426 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of American Railcar Industries in the 3rd quarter valued at approximately $129,000. Catalyst Capital Advisors LLC bought a new stake in shares of American Railcar Industries in the 3rd quarter valued at approximately $133,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of American Railcar Industries in the 3rd quarter valued at approximately $173,000. 94.84% of the stock is owned by institutional investors and hedge funds.

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About American Railcar Industries

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.

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