Greenbrier Companies (GBX) Announces Quarterly Results
Greenbrier Companies (NYSE:GBX) announced its earnings results on Wednesday. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.29, Stock Ratings Network reports. During the same quarter in the prior year, the company posted $0.50 earnings per share.
A number of analysts have recently weighed in on GBX shares. Analysts at Zacks upgraded shares of Greenbrier Companies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $61.10 price target on the stock. On a related note, analysts at KeyCorp set a $64.00 price target on shares of Greenbrier Companies in a research note on Monday, June 16th. They now have a “buy” rating on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Greenbrier Companies in a research note on Thursday, June 5th. They now have a $65.00 price target on the stock, up previously from $63.00. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $55.16.
Shares of Greenbrier Companies (NYSE:GBX) opened at 57.71 on Wednesday. Greenbrier Companies has a 1-year low of $21.10 and a 1-year high of $62.96. The stock’s 50-day moving average is $55.84 and its 200-day moving average is $44.92. The company’s market cap is $1.592 billion.
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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