BidaskClub upgraded shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) from a strong sell rating to a sell rating in a report published on Tuesday, August 8th.
A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus raised shares of Greenbrier Companies, Inc. (The) from a hold rating to a buy rating and boosted their price target for the stock from $48.00 to $51.00 in a research note on Monday, July 17th. 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 stock from $49.00 to $59.00 in a research note on Tuesday, July 4th. Zacks Investment Research upgraded shares of Greenbrier Companies, Inc. (The) from a hold rating to a buy rating and set a $52.00 price objective for the company in a report on Tuesday, June 6th. Buckingham Research initiated coverage on shares of Greenbrier Companies, Inc. (The) in a report on Wednesday, June 21st. They issued a neutral rating and a $45.00 price objective for the company. Finally, Cowen and Company boosted their price objective on shares of Greenbrier Companies, Inc. (The) from $50.00 to $57.00 and gave the stock an outperform rating in a report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Greenbrier Companies, Inc. (The) has a consensus rating of Hold and an average target price of $45.28.
Shares of Greenbrier Companies, Inc. (NYSE:GBX) traded down 1.01% during midday trading on Tuesday, hitting $43.90. The stock had a trading volume of 244,993 shares. The firm has a 50-day moving average price of $44.76 and a 200-day moving average price of $44.64. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 11.07 and a beta of 1.86. Greenbrier Companies, Inc. has a 1-year low of $28.95 and a 1-year high of $51.25.
Greenbrier Companies, Inc. (The) (NYSE:GBX) last issued its quarterly earnings data on Thursday, June 29th. The transportation company reported $1.03 EPS 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 net margin of 5.85% and a return on equity of 11.74%. Greenbrier Companies, Inc. (The)’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 earnings per share. On average, equities analysts anticipate that Greenbrier Companies, Inc. will post $3.54 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 8th. Stockholders of record on Tuesday, July 18th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, July 14th. Greenbrier Companies, Inc. (The)’s dividend payout ratio is presently 22.17%.
In other news, EVP Alejandro Centurion sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $43.05, for a total value of $129,150.00. Following the transaction, the executive vice president now owns 17,583 shares in the company, valued at approximately $756,948.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anne Manning sold 6,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $46.55, for a total transaction of $279,300.00. Following the completion of the transaction, the vice president now owns 11,939 shares in the company, valued at approximately $555,760.45. The disclosure for this sale can be found here. Insiders sold a total of 14,100 shares of company stock worth $632,325 over the last ninety days. Insiders own 4.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Greenbrier Companies, Inc. (The) during the fourth quarter worth approximately $4,361,000. Teachers Advisors LLC boosted its stake in Greenbrier Companies, Inc. (The) by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 47,390 shares of the transportation company’s stock worth $1,969,000 after buying an additional 3,248 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Greenbrier Companies, Inc. (The) by 4.1% in the first quarter. Bank of Montreal Can now owns 163,300 shares of the transportation company’s stock worth $7,039,000 after buying an additional 6,431 shares during the period. Alpha Windward LLC bought a new stake in shares of Greenbrier Companies, Inc. (The) during the first quarter worth about $463,000. Finally, 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 during the period.
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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