American Railcar Industries, Inc. (ARII) Upgraded to “Outperform” by Cowen and Company
American Railcar Industries, Inc. (NDAQ:ARII) was upgraded by analysts at Cowen and Company from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday. The brokerage presently has a $4.00 price target on the stock.
Shares of American Railcar Industries (NDAQ:ARII) traded up 4.69% during midday trading on Monday, hitting $41.74. 265,150 shares of the company traded hands. The company has a 50-day moving average price of $43.84 and a 200-day moving average price of $42.79. American Railcar Industries has a 52 week low of $35.43 and a 52 week high of $51.10. The stock has a market capitalization of $796.52 million and a P/E ratio of 11.17.
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About American Railcar Industries
American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs, manufactures and sells railcars and a range of components for the North American railcar and industrial markets. The Company operates through three segments: manufacturing, railcar leasing and railcar services.
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