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American Railcar Industries (NASDAQ:ARII) target bumped up to $38.00, released a report earlier today by Buckingham Research

Boasting a price of $36.39, American Railcar Industries (NASDAQ:ARII) traded 0.08% higher on the day. With the last stock price close down -6.49% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. American Railcar Industries has recorded a 50-day average of $35.98 and a two hundred day average of $38.10. Volume of trade was down over the average, with 82,307 shares of ARII changing hands under the typical 92,712

Indicating a possible upside of 0.04%, Buckingham Research bumped up the target of American Railcar Industries (NASDAQ:ARII) to $38.00

Performance Chart

American Railcar Industries (NASDAQ:ARII)

With a total market value of $0, American Railcar Industries has price-earnings ratio of 13.29 with a one year low of $34.30 and a one year high of $51.10 .

A total of 4 equity analysts have released a ratings update on ARII. One equity analyst rating the company a strong buy, zero equity analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $39.50.

Brief Synopsis About American Railcar Industries (NASDAQ:ARII)

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. The Company's Manufacturing segment consists of railcar manufacturing and railcar and industrial component manufacturing. The Railcar leasing segment consists of railcars manufactured by it and leased to third parties under operating leases. The Railcar services segment consists of railcar repair, engineering and field services. As of December 31, 2016, the Company's operations included eight manufacturing plants that fabricate and assemble raw materials, mainly steel, into railcars, railcar components and industrial components; eight railcar repair plants; and 11 mobile repair (mobile units) and mini repair shop (mini shop) locations.

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