Greenbrier Companies Hits New 52-Week High at $73.26 (GBX)
Greenbrier Companies (NYSE:GBX) reached a new 52-week high during trading on Tuesday , ARN reports. The company traded as high as $73.26 and last traded at $72.45, with a volume of 257,749 shares. The stock had previously closed at $71.52.
GBX has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $65.00.
The stock’s 50-day moving average is $66.55 and its 200-day moving average is $54.27. The company has a market cap of $2.013 billion and a P/E ratio of 25.91.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results 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 EPS for the current fiscal year.
In other Greenbrier Companies news, Director Victoria Mcmanus unloaded 4,666 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $72.31, for a total value of $337,398.46. The transaction was disclosed in a filing with the SEC, which can be accessed through 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.