RailAmerica (NYSE: RA) was upgraded by equities research analysts at Wells Fargo & Co. (NYSE: WFC) from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday.
A number of other analysts have also recently weighed in on RA. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of RailAmerica from $23.00 to $25.00 in a research note to investors on Tuesday, April 17th. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of RailAmerica to $23.00 in a research note to investors on Friday, April 13rd. They now have a “neutral” rating on the stock.
RailAmerica opened at 23.18 on Monday. RailAmerica has a 52-week low of $11.06 and a 52-week high of $23.90. The company has a market cap of $1.171 billion and a price-to-earnings ratio of 33.11.
The company last announced its quarterly results on Wednesday, April 25th. It reported $0.26 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.17 EPS by $0.09. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts expect that RailAmerica will post $0.34 EPS next quarter.
RailAmerica, Inc. (RailAmerica) is an owner and operator of short line and regional freight railroads in North America, operating a portfolio of 40 individual railroads with approximately 7,400 miles of track in 27 Unites States and three Canadian provinces.