Greenbrier Companies, Inc. (The) (NYSE:GBX) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $45.28.
Several research analysts recently weighed in on GBX shares. Zacks Investment Research upgraded Greenbrier Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Tuesday, June 6th. Stifel Nicolaus upgraded Greenbrier Companies, Inc. (The) from a “hold” rating to a “buy” rating and lifted their price target for the company from $48.00 to $51.00 in a research report on Monday. Buckingham Research started coverage on Greenbrier Companies, Inc. (The) in a research report on Wednesday, June 21st. They set a “neutral” rating and a $45.00 price target for the company. BidaskClub cut Greenbrier Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Bank of America Corporation raised Greenbrier Companies, Inc. (The) from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $59.00 in a report on Tuesday, July 4th.
In other news, EVP Alejandro Centurion sold 3,000 shares of Greenbrier Companies, Inc. (The) stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $43.05, for a total value of $129,150.00. Following the sale, the executive vice president now directly owns 17,583 shares of the company’s stock, valued at $756,948.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark J. Rittenbaum sold 1,300 shares of Greenbrier Companies, Inc. (The) stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $44.60, for a total value of $57,980.00. Following the completion of the sale, the executive vice president now directly owns 63,911 shares in the company, valued at $2,850,430.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 498,808 shares of company stock worth $21,862,702. 4.60% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in shares of Greenbrier Companies, Inc. (The) by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 3,130 shares of the transportation company’s stock worth $134,000 after buying an additional 80 shares in the last quarter. HGK Asset Management Inc. raised its stake in shares of Greenbrier Companies, Inc. (The) by 0.6% in the first quarter. HGK Asset Management Inc. now owns 20,059 shares of the transportation company’s stock worth $865,000 after buying an additional 127 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Greenbrier Companies, Inc. (The) by 1.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 11,180 shares of the transportation company’s stock worth $482,000 after buying an additional 140 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Greenbrier Companies, Inc. (The) by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the transportation company’s stock worth $500,000 after buying an additional 200 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Greenbrier Companies, Inc. (The) by 1.4% in the first quarter. Arizona State Retirement System now owns 14,800 shares of the transportation company’s stock worth $638,000 after buying an additional 200 shares in the last quarter.
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Shares of Greenbrier Companies, Inc. (GBX) remained flat at $44.75 on Monday. 417,734 shares of the company traded hands. Greenbrier Companies, Inc. has a 1-year low of $28.95 and a 1-year high of $51.25. The company’s 50 day moving average price is $46.22 and its 200-day moving average price is $44.80. The stock has a market cap of $1.28 billion, a P/E ratio of 11.29 and a beta of 1.87.
Greenbrier Companies, Inc. (The) (NYSE:GBX) last announced its quarterly earnings results on Thursday, June 29th. The transportation company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.21. The company had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $516.17 million. Greenbrier Companies, Inc. (The) had a return on equity of 11.74% and a net margin of 5.85%. Greenbrier Companies, Inc. (The)’s quarterly revenue was down 28.3% on a year-over-year basis. During the same period last year, the business earned $1.12 earnings per share. Equities analysts predict that Greenbrier Companies, Inc. will post $3.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 8th. Shareholders of record on Tuesday, July 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, July 14th. Greenbrier Companies, Inc. (The)’s payout ratio is currently 22.17%.
Greenbrier Companies, Inc. (The) Company Profile
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
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