American Railcar Industries, Inc. (NASDAQ:ARII) Upgraded to “Buy” by ValuEngine

American Railcar Industries, Inc. (NASDAQ:ARII) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday, July 24th.

Separately, Buckingham Research assumed coverage on American Railcar Industries in a research report on Wednesday, June 21st. They set a “neutral” rating and a $38.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. American Railcar Industries currently has an average rating of “Hold” and an average target price of $38.33.

American Railcar Industries (ARII) opened at 35.12 on Monday. American Railcar Industries has a 52-week low of $34.29 and a 52-week high of $51.10. The stock has a market cap of $670.19 million, a PE ratio of 13.10 and a beta of 2.32. The firm has a 50-day moving average price of $36.79 and a 200 day moving average price of $39.48.

American Railcar Industries (NASDAQ:ARII) last released its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.62 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.62. The business had revenue of $109 million for the quarter, compared to analyst estimates of $113.62 million. American Railcar Industries had a return on equity of 11.40% and a net margin of 9.59%. American Railcar Industries’s revenue for the quarter was down 27.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 EPS. Equities analysts anticipate that American Railcar Industries will post $2.22 earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. purchased a new position in shares of American Railcar Industries during the second quarter worth approximately $174,000. American International Group Inc. raised its position 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 worth $196,000 after buying an additional 314 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of American Railcar Industries during the fourth quarter worth approximately $220,000. Raymond James Financial Services Advisors Inc. raised its position in shares of 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 worth $213,000 after buying an additional 529 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of American Railcar Industries during the first quarter worth approximately $243,000. Hedge funds and other institutional investors own 93.86% 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.

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