Greenbrier Companies Sets New 1-Year High After Strong Earnings (GBX)
Greenbrier Companies (NYSE:GBX) shares reached a new 52-week high during trading on Wednesday following a better than expected earnings announcement, Analyst Ratings News reports. The company traded as high as $64.89 and last traded at $64.00, with a volume of 2,536,853 shares. The stock had previously closed at $57.71.
The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.29. The company had revenue of $593.30 million for the quarter, compared to the consensus estimate of $570.74 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 36.8% on a year-over-year basis.
Several analysts have recently commented on the stock. 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. Separately, 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Greenbrier Companies presently has a consensus rating of “Buy” and a consensus price target of $55.16.
The stock has a 50-day moving average of $55.84 and a 200-day moving average of $44.92. The company’s market cap is $1.766 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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