American Railcar Industries, Inc. (NASDAQ:ARII) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, July 25th.
Several other brokerages also recently commented on ARII. ValuEngine raised shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. Buckingham Research assumed coverage on shares of American Railcar Industries in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $38.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $38.33.
Shares of American Railcar Industries (NASDAQ ARII) traded up 2.33% during mid-day trading on Tuesday, hitting $37.35. 110,105 shares of the company were exchanged. The firm has a market capitalization of $712.75 million, a P/E ratio of 13.93 and a beta of 2.32. American Railcar Industries has a 12-month low of $34.29 and a 12-month high of $51.10. The company’s 50-day moving average price is $36.95 and its 200-day moving average price is $40.30.
American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.62 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. The business had revenue of $109 million during the quarter, compared to the consensus estimate of $113.62 million. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.40%. The firm’s revenue was down 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 EPS. Equities research analysts predict that American Railcar Industries will post $2.27 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its stake in shares of American Railcar Industries by 7.0% in the first quarter. American International Group Inc. now owns 4,772 shares of the transportation company’s stock valued at $196,000 after buying an additional 314 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in American Railcar Industries by 11.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,180 shares of the transportation company’s stock valued at $213,000 after buying an additional 529 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of American Railcar Industries during the fourth quarter valued at approximately $220,000. HighTower Advisors LLC purchased a new position in shares of American Railcar Industries during the first quarter valued at approximately $243,000. Finally, UBS Group AG boosted its position in shares of American Railcar Industries by 14.6% in the first quarter. UBS Group AG now owns 6,999 shares of the transportation company’s stock valued at $288,000 after buying an additional 893 shares in the last quarter. 95.03% of the stock is currently owned by institutional investors.
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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