Cowen & Co. Upgrades American Railcar Industries to Outperform with Price Target $45

Brokerage firm Cowen & Co. Upgrades its rating on American Railcar Industries(ARII). As per the latest information, Cowen & Co. Raises the price target to $45 per share from a prior target of $44. The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the stock financial advisor at Cowen & Co. was issued on Mar 20, 2017 in a research report to their Investors and Clients.

American Railcar Industries (ARII) made into the market gainers list on Wednesdays trading session with the shares advancing 0.27% or 0.11 points. Due to strong positive momentum, the stock ended at $40.35, which is also near the day’s high of $40.5899. The stock began the session at $40.24 and the volume stood at 92,682 shares. The 52-week high of the shares is $51.1 and the 52 week low is $35.43. The company has a current market capitalization of $770 M and it has 1,90,83,878 shares in outstanding.

American Railcar Industries(ARII) last announced its earnings results on Feb 24, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $167.507M. Analysts had an estimated revenue of $150.850M. Earnings per share were $1.16. Analysts had estimated an EPS of $0.98.

Several Insider Transactions has been reported to the SEC. 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.

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