Stifel Nicolaus Boosts American Railcar Industries, Inc. (ARII) Price Target to $35.00

American Railcar Industries, Inc. (NASDAQ:ARII) had its target price lifted by stock analysts at Stifel Nicolaus from $32.00 to $35.00 in a note issued to investors on Tuesday, November 7th, Marketbeat reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price suggests a potential downside of 8.38% from the stock’s previous close.

Several other equities research analysts have also commented on ARII. BidaskClub raised shares of American Railcar Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Cowen Inc reaffirmed a “buy” rating and set a $45.00 price target on shares of American Railcar Industries in a research report on Thursday, August 10th. ValuEngine lowered shares of American Railcar Industries from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Zacks Investment Research lowered shares of American Railcar Industries from a “buy” rating to a “strong sell” rating in a report on Monday, August 7th. Finally, Buckingham Research increased their target price on shares of American Railcar Industries from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.33.

Shares of American Railcar Industries (NASDAQ:ARII) opened at $38.20 on Tuesday. American Railcar Industries has a 52-week low of $34.29 and a 52-week high of $51.10. The company has a market cap of $729.00, a PE ratio of 13.69 and a beta of 2.43. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.13 and a current ratio of 3.06.

American Railcar Industries (NASDAQ:ARII) last released its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.11). American Railcar Industries had a net margin of 10.28% and a return on equity of 9.66%. The business had revenue of $120.75 million for the quarter, compared to analysts’ expectations of $123.63 million. During the same period in the previous year, the company earned $0.94 EPS. American Railcar Industries’s revenue for the quarter was down 16.7% compared to the same quarter last year. sell-side analysts expect that American Railcar Industries will post 2.07 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in ARII. Northern Trust Corp increased its holdings in American Railcar Industries by 82.8% in the 2nd quarter. Northern Trust Corp now owns 290,305 shares of the transportation company’s stock worth $11,119,000 after acquiring an additional 131,503 shares in the last quarter. Kennedy Capital Management Inc. purchased a new stake in American Railcar Industries in the 2nd quarter worth approximately $3,064,000. Shell Asset Management Co. bought a new position in American Railcar Industries in the 3rd quarter worth approximately $2,793,000. OxFORD Asset Management LLP bought a new position in American Railcar Industries in the 2nd quarter worth approximately $895,000. Finally, Vanguard Group Inc. boosted its stake in American Railcar Industries by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 1,097,456 shares of the transportation company’s stock worth $45,106,000 after purchasing an additional 23,340 shares during the period. 94.32% of the stock is owned by institutional investors.

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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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