Greenbrier Companies, Inc. (The) (NYSE:GBX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Greenbrier Companies Inc. is a leading supplier of transportation equipment and services to the railroad and related industries. The manufacturing segment produces double-stack intermodal railcars, conventional railcars and marine vessels, and performs repair and refurbishment activities for both intermodal and conventional railcars. In addition to manufacturing, they are engaged in complementary leasing and services activities. “
Several other research analysts have also recently weighed in on GBX. Stifel Nicolaus raised shares of Greenbrier Companies, Inc. (The) from a “hold” rating to a “buy” rating and boosted their price target for the company from $48.00 to $51.00 in a research report on Monday, July 17th. Buckingham Research started coverage on shares of Greenbrier Companies, Inc. (The) in a research report on Wednesday, June 21st. They set a “neutral” rating and a $45.00 price target on the stock. BidaskClub cut shares of Greenbrier Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Bank of America Corporation raised shares of Greenbrier Companies, Inc. (The) from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $59.00 in a research report on Tuesday, July 4th. Finally, KeyCorp boosted their price target on shares of Greenbrier Companies, Inc. (The) from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, April 7th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.28.
Greenbrier Companies, Inc. (NYSE:GBX) traded up 1.24% during trading on Friday, reaching $45.00. 499,497 shares of the company’s stock traded hands. Greenbrier Companies, Inc. has a one year low of $28.95 and a one year high of $51.25. The company has a 50-day moving average price of $45.78 and a 200 day moving average price of $44.75. The firm has a market capitalization of $1.28 billion, a PE ratio of 11.35 and a beta of 1.86.
Greenbrier Companies, Inc. (The) (NYSE:GBX) last released its earnings results on Thursday, June 29th. The transportation company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.21. Greenbrier Companies, Inc. (The) had a net margin of 5.85% and a return on equity of 11.74%. The business had revenue of $439.20 million during the quarter, compared to analyst estimates of $516.17 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The company’s revenue for the quarter was down 28.3% compared to the same quarter last year. On average, analysts anticipate that Greenbrier Companies, Inc. will post $3.54 earnings per share for the current fiscal year.
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In other Greenbrier Companies, Inc. (The) news, EVP Mark J. Rittenbaum sold 2,100 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $44.75, for a total transaction of $93,975.00. Following the sale, the executive vice president now directly owns 63,827 shares in the company, valued at $2,856,258.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark J. Rittenbaum sold 1,300 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $44.60, for a total transaction of $57,980.00. Following the sale, the executive vice president now owns 63,911 shares in the company, valued at $2,850,430.60. The disclosure for this sale can be found here. Insiders sold 175,438 shares of company stock worth $7,628,303 in the last ninety days. 4.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Greenbrier Companies, Inc. (The) during the first quarter worth about $101,000. 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 during the period. Stifel Financial Corp acquired a new stake in shares of Greenbrier Companies, Inc. (The) during the first quarter worth about $202,000. Cim Investment Mangement Inc. acquired a new stake in shares of Greenbrier Companies, Inc. (The) during the first quarter worth about $204,000. Finally, US Bancorp DE raised its stake in shares of Greenbrier Companies, Inc. (The) by 18.5% in the second quarter. US Bancorp DE now owns 5,125 shares of the transportation company’s stock worth $237,000 after buying an additional 800 shares during the period.
About Greenbrier Companies, Inc. (The)
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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