Greenbrier Cos. Given New $31.00 Price Target at Stifel Nicolaus (GBX)
Stock analysts at Stifel Nicolaus lifted their target price on shares of Greenbrier Cos. (NYSE:GBX) from $28.00 to $31.00 in a report issued on Friday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 4.13% from the company’s current price.
Shares of Greenbrier Cos. (NYSE:GBX) traded up 12.17% on Friday, hitting $29.77. 1,472,476 shares of the company’s stock traded hands. Greenbrier Cos. has a 52 week low of $13.25 and a 52 week high of $30.00. The stock’s 50-day moving average is $25.36 and its 200-day moving average is $23.75. The company’s market cap is $810.4 million.
Greenbrier Cos. (NYSE:GBX) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. Analysts expect that Greenbrier Cos. will post $2.51 EPS for the current fiscal year.
GBX has been the subject of a number of other recent research reports. Analysts at Merrill Lynch upgraded shares of Greenbrier Cos. from an “underperform” rating to a “buy” rating in a research note to investors on Friday. Separately, analysts at DA Davidson raised their price target on shares of Greenbrier Cos. from $28.00 to $34.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, 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. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $28.96.
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 sale was disclosed in a filing with the SEC, which can be accessed through this link.
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.
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