Shares of American Railcar Industries (NASDAQ:ARII) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $41.00.
ARII has been the topic of several recent research reports. BidaskClub raised shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research raised shares of American Railcar Industries from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. ValuEngine raised shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus set a $40.00 price objective on shares of American Railcar Industries and gave the company a “hold” rating in a research report on Monday, February 26th. Finally, Seaport Global Securities assumed coverage on shares of American Railcar Industries in a research report on Thursday, January 4th. They set a “neutral” rating on the stock.
Large investors have recently added to or reduced their stakes in the company. 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. 95.27% of the stock is currently owned by institutional investors.
American Railcar Industries stock traded down $0.18 during mid-day trading on Friday, hitting $37.02. 43,780 shares of the company traded hands, compared to its average volume of 69,808. The firm has a market capitalization of $716.41, a PE ratio of 4.98 and a beta of 2.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.58 and a current ratio of 3.32. American Railcar Industries has a twelve month low of $34.29 and a twelve month high of $44.20.
American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings data on Friday, February 23rd. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.24). The business had revenue of $132.40 million for the quarter, compared to the consensus estimate of $121.21 million. American Railcar Industries had a net margin of 29.82% and a return on equity of 6.15%. American Railcar Industries’s revenue was down 21.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 EPS. analysts predict that American Railcar Industries will post 2.6 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Thursday, March 15th. American Railcar Industries’s dividend payout ratio is 21.51%.
COPYRIGHT VIOLATION NOTICE: “Brokerages Set American Railcar Industries (ARII) Price Target at $41.00” was originally posted by Macon Daily and is the sole property of of Macon Daily. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://macondaily.com/2018/04/12/brokerages-set-american-railcar-industries-arii-price-target-at-41-00-updated-updated.html.
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.
Receive News & Ratings for American Railcar Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Railcar Industries and related companies with MarketBeat.com's FREE daily email newsletter.