Greenbrier Cos. Upgraded to “Buy” by Jefferson Research (GBX)
Greenbrier Cos. (NYSE:GBX) was upgraded by Jefferson Research from a “hold” rating to a “buy” rating in a research note issued on Friday, Analyst Ratings Network.com reports.
Greenbrier Cos. (NYSE:GBX) traded down 0.23% during mid-day trading on Friday, hitting $34.43. The stock had a trading volume of 319,187 shares. Greenbrier Cos. has a 52-week low of $17.15 and a 52-week high of $34.53. The stock has a 50-day moving average of $31.87 and a 200-day moving average of $26.50. The company’s market cap is $966.6 million.
Greenbrier Cos. (NYSE:GBX) last released its earnings data on Wednesday, January 8th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $490.40 million for the quarter, compared to the consensus estimate of $481.41 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Analysts expect that Greenbrier Cos. will post $2.67 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on GBX. Analysts at Raymond James downgraded shares of Greenbrier Cos. from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday, November 21st. Separately, analysts at Stifel Nicolaus raised their price target on shares of Greenbrier Cos. from $31.00 to $36.00 in a research note to investors on Monday, November 18th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Greenbrier Cos. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, November 4th. They now have a $31.30 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $30.33.
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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