Cowen & Co. Maintains Their Buy Rating on American Railcar

In a report released today, Matt Elkott from Cowen & Co. maintained a Buy rating on American Railcar (NASDAQ: ARII), with a price target of $44. The company’s shares closed yesterday at $37.95.

According to TipRanks.com, Elkott is a 4-star analyst with an average return of 18.5% and a 63.6% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Freightcar America, Trinity Industries, and Westinghouse Air.

American Railcar has an analyst consensus of Moderate Buy, with a price target consensus of $42.

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American Railcar’s market cap is currently $724.2M and has a P/E ratio of 5.10. The company has a book value ratio of 1.0915.

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American Railcar Industries, Inc. designs and manufactures of hopper and tank railcars. It also leases, repairs and refurbishes railcars, provides fleet management services, and designs and manufactures certain railcar and industrial components. The company operates its business through three segments: Manufacturing, Railcar Leasing and Railcar Services.