American Railcar Industries, Inc. (ARII) Upgraded by BidaskClub to Hold

Xavier Trudeau
Août 13, 2017

They issued a "neutral" rating and a $38.00 price target on the stock.

A number of other brokerages have also commented on ARII. Buckingham Research started coverage on shares of American Railcar Industries in a research note on Wednesday, June 21st. Stifel Nicolaus set a $32.00 price target on American Railcar Industries and gave the company a "hold" rating in a report on Wednesday, August 2nd. ValuEngine upgraded American Railcar Industries from a "hold" rating to a "buy" rating in a research note on Monday, July 24th. Royce & Associates LP now owns 226,112 shares of the transportation company's stock valued at $9,293,000 after buying an additional 43,812 shares during the last quarter. BidaskClub downgraded shares of American Railcar Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, July 25th.

ILLEGAL ACTIVITY WARNING: "American Railcar Industries, Inc. (NASDAQ:ARII) Receives $41.50 Consensus Price Target from Analysts" was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another domain, it was stolen and reposted in violation of USA and worldwide trademark and copyright laws. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/08/12/american-railcar-industries-inc-nasdaqarii-receives-average-rating-of-hold-from-analysts-updated-updated-updated.html. (ARII) traded down 0.55% on Friday, hitting $36.15. 46,912 shares of the company's stock were exchanged. The firm has a 50 day moving average of $36.96 and a 200-day moving average of $39.87. The company has a market capitalization of $690.42 million, a PE ratio of 13.49 and a beta of 2.32. American Railcar Industries has a 52-week low of $34.30 and a 52-week high of $51.10.

American Railcar Industries (NASDAQ:ARII) last released its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.62 earnings per share for the quarter, hitting analysts' consensus estimates of $0.62. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.40%. The firm had revenue of $109 million during the quarter, compared to the consensus estimate of $113.62 million. During the same quarter in the previous year, the business earned $1.02 earnings per share. American Railcar Industries's revenue for the quarter was down 27.6% compared to the same quarter past year. Equities analysts forecast that American Railcar Industries will post $2.22 EPS for the current fiscal year.

Additionally the company recently declared a dividend that will be paid on Friday the 22nd of September 2017. Shareholders of record on Friday, September 8th will be issued a dividend of $0.40 per share. This dividend amount will represent a yeild of $4.31. The ex-dividend date of this dividend is Thursday, September 7th. American Railcar Industries's payout ratio is 59.70%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ARII.

As of the end of the quarter American International Group Inc had disposed of a total of 269 shares trimming its stake by 5.6%. 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 in the last quarter. LSV Asset Management increased its position in American Railcar Industries by 0.9% in the second quarter. Northern Trust Corp increased its position in American Railcar Industries by 82.8% in the second quarter. LSV Asset Management now owns 457,719 shares of the transportation company's stock worth $18,812,000 after buying an additional 7,300 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of American Railcar Industries during the fourth quarter valued at $220,000. Parametric Portfolio Associates LLC now owns 21,261 shares of the transportation company's stock worth $874,000 after buying an additional 233 shares during the last quarter. Norges Bank purchased a new position in American Railcar Industries during the fourth quarter worth about $8,963,000.

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.

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