Greenbrier Companies Sees Unusually High Options Volume (GBX)
Greenbrier Companies (NYSE:GBX) was the target of some unusual options trading on Wednesday. Stock investors bought 403 call options on the company, American Banking News reports. This is an increase of approximately 106% compared to the average volume of 196 call options.
A number of research firms have recently commented on GBX. Analysts at Susquehanna downgraded shares of Greenbrier Companies from a “positive” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $59.00 price target on the stock, up previously from $51.00. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Greenbrier Companies in a research note on Monday, July 7th. They now have a $75.00 price target on the stock, up previously from $55.00. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Greenbrier Companies in a research note on Thursday, July 3rd. They now have a $75.00 price target on the stock, up previously from $65.00. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Greenbrier Companies currently has a consensus rating of “Buy” and an average target price of $65.00.
Shares of Greenbrier Companies (NYSE:GBX) traded up 2.77% on Wednesday, hitting $64.60. The stock had a trading volume of 790,002 shares. Greenbrier Companies has a one year low of $22.20 and a one year high of $67.94. The stock has a 50-day moving average of $63.87 and a 200-day moving average of $51.3. The company has a market cap of $1.776 billion and a price-to-earnings ratio of 22.78.
Greenbrier Companies (NYSE:GBX) last released its earnings data on Wednesday, July 2nd. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 36.8% on a year-over-year basis. On average, analysts predict that Greenbrier Companies will post $3.06 earnings per share for the current fiscal year.
Greenbrier Co Inc, (NYSE:GBX), formerly The Greenbrier Companies, 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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