Cowen & Company Initiates Coverage on American Railcar Industries to Market Perform

Cowen & Company Initiates Coverage on American Railcar Industries(NASDAQ:ARII). The shares have been rated Market Perform. The rating by Cowen & Company was issued on Jun 22, 2016.

American Railcar Industries (ARII) shares turned negative on Mondays trading session with the shares closing down -1.99 points or -5.15% at a volume of 1,85,246. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $38.39. The peak price level was also seen at $38.39 while the days lowest was $36.18. Finally the shares closed at $36.62. The 52-week high of the shares is $57.93 while the 52-week low is $33.02. According to the latest information available, the market cap of the company is $716 M.

American Railcar Industries(ARII) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $176.18M. Analysts had an estimated revenue of $196.04M. Earnings per share were $1.16. Analysts had estimated an EPS of $1.35.

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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