American Railcar Industries (ARII) was Reiterated by Cowen to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 43 from a previous price target of $40 . Cowen advised their investors in a research report released on Aug 2, 2016.
Many Wall Street Analysts have commented on American Railcar Industries. Cowen Initiated American Railcar Industries on Jun 22, 2016 to “Market Perform”, Price Target of the shares are set at $40.
On the company’s financial health, American Railcar Industries reported $1.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.99. The company had revenue of $150.50 million for the quarter, compared to analysts expectations of $149.57 million. The company’s revenue was down -21.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.54 EPS.
American Railcar Industries opened for trading at $39.82 and hit $42.19 on the upside on Friday, eventually ending the session at $42.01, with a gain of 8.67% or 3.35 points. The heightened volatility saw the trading volume jump to 5,71,362 shares. Company has a market cap of $822 M.
In a different news, on Mar 22, 2016, James Pontious (director) sold 2,500 shares at $43.64 per share price.
American Railcar Industries Inc. is a designer and manufacturer of hopper and tank railcars. The Company designs manufactures and sells customized and general-purpose railcars and a range of components for the North American railcar and industrial markets. It operates in three segments: manufacturing railcar leasing and railcar services. Its Manufacturing segment consists of railcar manufacturing and railcar and industrial component manufacturing. Its Railcar leasing segment consists of railcars manufactured and leased to third parties under operating leases. Its Railcar services segment consists of railcar repair services engineering and field services and fleet management services. Its customers include leasing companies industrial companies shippers and Class I railroads. In addition it offers the opportunity to lease its railcars and provides a variety of integrated railcar services including repair maintenance consulting engineering and fleet management services.