American Railcar Industries Inc. (NASDAQ:ARII) fell 2.8% during trading on Friday . The stock traded as low as $40.89 and last traded at $41.02, with a volume of 71,859 shares changing hands. The stock had previously closed at $42.19.

Several brokerages recently commented on ARII. Zacks Investment Research raised American Railcar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. TheStreet raised American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Monday, April 18th. Cowen and Company boosted their price target on American Railcar Industries from $40.00 to $43.00 and gave the company a “market perform” rating in a research note on Tuesday, August 2nd. Finally, Standpoint Research reissued a “buy” rating on shares of American Railcar Industries in a research note on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.67.

The stock has a 50 day moving average price of $40.57 and a 200 day moving average price of $40.88. The company has a market capitalization of $797.49 million and a PE ratio of 7.60.

American Railcar Industries (NASDAQ:ARII) last issued its earnings results on Thursday, July 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.03. The company had revenue of $150.50 million for the quarter, compared to the consensus estimate of $147.37 million. During the same quarter last year, the business posted $1.54 EPS. American Railcar Industries’s quarterly revenue was down 21.6% on a year-over-year basis. Equities analysts forecast that American Railcar Industries Inc. will post $4.15 EPS for the current fiscal year.

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.

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