American Railcar Industries (NASDAQ:ARII) target bumped up to $45.00, released a ratings update earlier today by Cowen
- Updated: March 20, 2017
Boasting a price of $39.87, American Railcar Industries (NASDAQ:ARII) traded 1.22% higher on the day. With the last stock price close down -6.82% 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 $43.84 and a two hundred day average of $42.79. Volume of trade was up over the average, with 107,116 shares of ARII changing hands over the typical 100,374
Stating a potential upside of 0.13%, Cowen raised the target price of American Railcar Industries (NASDAQ:ARII) to $45.00
With a total market value of $0, American Railcar Industries has price-earnings ratio of 10.67 with a 52 week low of $35.43 and a 52 week high of $51.10 .
In addition to Cowen reporting its stock price target, a total of 4 brokers have issued a report on the company. The average stock price target is $39.50 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 5 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About American Railcar Industries (NASDAQ:ARII)
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. The manufacturing consists of railcar manufacturing, and railcar and industrial component manufacturing. The railcar-leasing segment consists of railcars manufactured by the Company and leased to third parties under operating leases. The railcar services segment consists of railcar repair, engineering and field services. It manufactures over two types of railcars, hopper railcars and tank railcars. It also manufactures various components for railcar and industrial markets. It manufactures both general service and specialty hopper railcars at its Paragould plant. Its hopper railcars are designed for shipping a range of dry bulk products from light density products.
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