Greenbrier Cos. Lowered to Neutral at Zacks (GBX)
Greenbrier Cos. (NYSE:GBX) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday, Analyst Ratings Net reports. They currently have a $37.80 price objective on the stock. Zacks‘ target price points to a potential upside of 8.93% from the stock’s previous close.
A number of other analysts have also recently weighed in on GBX. Analysts at Jefferson Research upgraded shares of Greenbrier Cos. from a “hold” rating to a “buy” rating in a research note to investors on Friday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $31.26.
Shares of Greenbrier Cos. (NYSE:GBX) remained flat at $34.70 during during mid-day trading trading on Monday. The stock had a trading volume of 495,026 shares. Greenbrier Cos. has a one year low of $17.15 and a one year high of $34.73. The stock has a 50-day moving average of $32.03 and a 200-day moving average of $26.59. The company’s market cap is $970.2 million.
Greenbrier Cos. (NYSE:GBX) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. On average, analysts predict that Greenbrier Cos. will post $2.67 earnings per share for the current fiscal year.
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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