DA Davidson Increases Greenbrier Cos. Price Target to $34.00 (GBX)
Analysts at DA Davidson upped their price objective on shares of Greenbrier Cos. (NYSE:GBX) from $28.00 to $34.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 14.21% from the stock’s previous close.
Greenbrier Cos. (NYSE:GBX) traded up 12.17% during mid-day trading on Friday, hitting $29.77. The stock had a trading volume of 1,472,476 shares. Greenbrier Cos. has a 1-year low of $13.25 and a 1-year high of $30.00. The stock has a 50-day moving average of $25.36 and a 200-day moving average of $23.75. The company’s market cap is $810.4 million.
Greenbrier Cos. (NYSE:GBX) last released its earnings data on Thursday, October 31st. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.08. The company had revenue of $484.21 million for the quarter, compared to the consensus estimate of $526.00 million. During the same quarter last year, the company posted $0.26 earnings per share. Greenbrier Cos.’s revenue was up 11.6% compared to the same quarter last year. On average, analysts predict that Greenbrier Cos. will post $2.51 earnings per share for the current fiscal year.
In other Greenbrier Cos. news, CEO Alejandro Centurion sold 2,354 shares of Greenbrier Cos. stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $26.38, for a total transaction of $62,098.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other firms have also recently commented on GBX. Analysts at Bank of America Corp. upgraded shares of Greenbrier Cos. from an “underperform” rating to a “buy” rating in a research note to investors on Friday. They now have a $34.00 price target on the stock, up previously from $20.00. Analysts at Stifel Nicolaus raised their price target on shares of Greenbrier Cos. from $27.00 to $28.00 in a research note to investors on Tuesday, October 22nd. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $28.96.
The Greenbrier Companies, Inc (NYSE:GBX), formerly Greenbrier Oregon, Inc, are the designers, manufacturers and marketers of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services to the railroad and related transportation industries in North America.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.