Shares of American Railcar Industries, Inc. (NASDAQ:ARII) have been assigned an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $39.33.
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus increased their price target on American Railcar Industries from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. Buckingham Research increased their price objective on American Railcar Industries from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Cowen reiterated a “buy” rating and set a $44.00 price objective on shares of American Railcar Industries in a research report on Wednesday, November 1st. Zacks Investment Research upgraded American Railcar Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, ValuEngine upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th.
Shares of American Railcar Industries (NASDAQ:ARII) opened at $39.63 on Friday. American Railcar Industries has a 12 month low of $34.29 and a 12 month high of $51.10. The company has a quick ratio of 2.13, a current ratio of 3.06 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $756.29, a price-to-earnings ratio of 14.43 and a beta of 2.42.
American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $123.63 million. During the same quarter last year, the company posted $0.94 EPS. The firm’s revenue was down 16.7% on a year-over-year basis. equities analysts expect that American Railcar Industries will post 2.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, December 7th. American Railcar Industries’s payout ratio is 58.18%.
A number of hedge funds have recently bought and sold shares of ARII. Northern Trust Corp increased its position in American Railcar Industries by 82.8% during the 2nd quarter. Northern Trust Corp now owns 290,305 shares of the transportation company’s stock worth $11,119,000 after buying an additional 131,503 shares during the period. Kennedy Capital Management Inc. bought a new position in American Railcar Industries during the 2nd quarter worth $3,064,000. Shell Asset Management Co. bought a new position in American Railcar Industries during the 3rd quarter worth $2,793,000. OxFORD Asset Management LLP bought a new position in American Railcar Industries during the 2nd quarter worth $895,000. Finally, Intrinsic Edge Capital Management LLC bought a new position in American Railcar Industries during the 2nd quarter worth $766,000. Hedge funds and other institutional investors own 94.78% 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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