Greenbrier Companies Hits New 1-Year High at $70.50 (GBX)
Shares of Greenbrier Companies (NYSE:GBX) hit a new 52-week high on Tuesday , American Banking and Market News reports. The stock traded as high as $70.50 and last traded at $69.71, with a volume of 608,539 shares trading hands. The stock had previously closed at $68.02.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $65.00.
The stock has a 50-day moving average of $64.7 and a 200-day moving average of $52.06. The company has a market cap of $1.912 billion and a price-to-earnings ratio of 24.64.
Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Wednesday, July 2nd. 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. Analysts expect that Greenbrier Companies will post $3.06 EPS for the current fiscal year.
In other Greenbrier Companies news, VP Anne Manning unloaded 2,500 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $64.30, for a total value of $160,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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