Insider Selling: Greenbrier Companies Director Sells 3,000 Shares of Stock (GBX)
Greenbrier Companies (NYSE:GBX) Director Charles J. Swindells sold 3,000 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $71.30, for a total transaction of $213,900.00. Following the sale, the director now directly owns 19,901 shares in the company, valued at approximately $1,418,941. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Greenbrier Companies (NYSE:GBX) traded up 1.31% during mid-day trading on Wednesday, hitting $71.98. The stock had a trading volume of 369,220 shares. Greenbrier Companies has a 52 week low of $22.41 and a 52 week high of $72.79. The stock has a 50-day moving average of $66.04 and a 200-day moving average of $53.61. The company has a market cap of $1.978 billion and a P/E ratio of 25.74.
Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Wednesday, July 2nd. The company reported $1.03 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.50 earnings per share. Greenbrier Companies’s revenue was up 36.8% compared to the same quarter last year. On average, analysts predict that Greenbrier Companies will post $3.06 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on GBX shares. 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 assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.00.
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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