Stifel Nicolaus set a $32.00 price objective on American Railcar Industries, Inc. (NASDAQ:ARII) in a research report sent to investors on Wednesday morning. The brokerage currently has a hold rating on the transportation company’s stock.

A number of other analysts have also issued reports on ARII. BidaskClub lowered shares of American Railcar Industries from a hold rating to a sell rating in a research report on Tuesday, July 25th. ValuEngine raised shares of American Railcar Industries from a hold rating to a buy rating in a research report on Monday, July 24th. Finally, Buckingham Research assumed coverage on shares of American Railcar Industries in a research report on Wednesday, June 21st. They set a neutral rating and a $38.00 price objective on the stock. 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 company’s stock. The company presently has an average rating of Hold and an average price target of $38.33.

Shares of American Railcar Industries (ARII) traded down 1.42% during mid-day trading on Wednesday, hitting $34.70. 137,056 shares of the stock traded hands. American Railcar Industries has a 12-month low of $34.29 and a 12-month high of $51.10. The stock has a market cap of $662.21 million, a P/E ratio of 12.95 and a beta of 2.32. The firm’s 50 day moving average price is $36.95 and its 200-day moving average price is $40.30.

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.62 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.62. The business had revenue of $109 million during the quarter, compared to analyst estimates of $113.62 million. American Railcar Industries had a net margin of 9.59% and a return on equity of 11.43%. The firm’s revenue was down 27.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 earnings per share. Analysts predict that American Railcar Industries will post $2.27 earnings per share for the current year.

WARNING: “American Railcar Industries, Inc. (NASDAQ:ARII) Given a $32.00 Price Target by Stifel Nicolaus Analysts” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/03/american-railcar-industries-inc-nasdaqarii-given-a-32-00-price-target-by-stifel-nicolaus-analysts.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Thursday, September 7th. American Railcar Industries’s payout ratio is presently 59.70%.

A number of institutional investors have recently modified their holdings of ARII. American International Group Inc. raised its position in shares of American Railcar Industries by 7.0% in the first quarter. American International Group Inc. now owns 4,772 shares of the transportation company’s stock valued at $196,000 after buying an additional 314 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in shares of American Railcar Industries during the fourth quarter valued at $220,000. Raymond James Financial Services Advisors Inc. raised its position in shares of American Railcar Industries by 11.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,180 shares of the transportation company’s stock valued at $213,000 after buying an additional 529 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of American Railcar Industries during the first quarter valued at $243,000. Finally, UBS Group AG raised its position in shares of American Railcar Industries by 14.6% in the first quarter. UBS Group AG now owns 6,999 shares of the transportation company’s stock valued at $288,000 after buying an additional 893 shares during the last quarter. 95.06% of the stock is currently owned by hedge funds and other institutional investors.

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 & Stock Ratings for American Railcar Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Railcar Industries Inc. and related stocks with our FREE daily email newsletter.