American Railcar Industries (ARII) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of American Railcar Industries (NASDAQ:ARII) from a buy rating to a hold rating in a report issued on Wednesday morning.

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. “

Other research analysts have also issued research reports about the company. Stifel Nicolaus set a $35.00 price target on American Railcar Industries and gave the stock a hold rating in a report on Friday, February 9th. Buckingham Research increased their price target on American Railcar Industries from $38.00 to $39.00 and gave the stock a neutral rating in a report on Wednesday, November 1st. BidaskClub lowered American Railcar Industries from a sell rating to a strong sell rating in a report on Friday, February 2nd. ValuEngine upgraded American Railcar Industries from a hold rating to a buy rating in a report on Sunday, December 31st. Finally, Cowen reiterated a buy rating and issued a $44.00 price target on shares of American Railcar Industries in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $39.50.

American Railcar Industries (NASDAQ:ARII) opened at $39.43 on Wednesday. The stock has a market capitalization of $745.99, a P/E ratio of 14.01 and a beta of 2.13. The company has a quick ratio of 2.13, a current ratio of 3.06 and a debt-to-equity ratio of 0.94. American Railcar Industries has a fifty-two week low of $34.29 and a fifty-two week high of $49.33.

American Railcar Industries (NASDAQ:ARII) last announced its quarterly earnings results on Friday, February 23rd. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.26). The firm had revenue of $132.40 million during the quarter, compared to the consensus estimate of $121.21 million. American Railcar Industries had a return on equity of 9.66% and a net margin of 10.28%. The firm’s revenue was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 EPS. equities analysts expect that American Railcar Industries will post 2.08 EPS for the current year.

Several hedge funds have recently bought and sold shares of ARII. Russell Investments Group Ltd. bought a new position in shares of American Railcar Industries in the third quarter valued at approximately $173,000. MetLife Investment Advisors LLC bought a new position in shares of American Railcar Industries in the fourth quarter valued at approximately $196,000. North Point Portfolio Managers Corp OH bought a new position in shares of American Railcar Industries in the fourth quarter valued at approximately $204,000. Gamco Investors INC. ET AL bought a new position in shares of American Railcar Industries in the fourth quarter valued at approximately $208,000. Finally, Two Sigma Securities LLC bought a new position in shares of American Railcar Industries in the fourth quarter valued at approximately $225,000. Institutional investors own 94.47% of the company’s stock.

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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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