Greenbrier Companies Inc. (NYSE:GBX) Receives Average Recommendation of “Hold” from Analysts
Shares of Greenbrier Companies Inc. (NYSE:GBX) have been assigned a consensus rating of “Hold” from the twelve analysts that are covering the company. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $32.80.
A number of research firms have recently commented on GBX. Zacks Investment Research upgraded shares of Greenbrier Companies from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, June 7th. Longbow Research cut shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Monday, June 20th. Cowen and Company cut their price target on shares of Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday, July 7th. Standpoint Research restated a “buy” rating on shares of Greenbrier Companies in a report on Wednesday, July 27th. Finally, Wells Fargo & Co. restated a “hold” rating and issued a $31.00 price target on shares of Greenbrier Companies in a report on Monday.
In other news, EVP Mark J. Rittenbaum sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $34.75, for a total value of $217,187.50. Following the sale, the executive vice president now directly owns 89,107 shares in the company, valued at approximately $3,096,468.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark J. Rittenbaum sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $32.20, for a total transaction of $161,000.00. Following the completion of the sale, the executive vice president now owns 95,357 shares in the company, valued at $3,070,495.40. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by insiders.
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Several hedge funds have recently added to or reduced their stakes in GBX. Geode Capital Management LLC boosted its stake in Greenbrier Companies by 10.9% in the first quarter. Geode Capital Management LLC now owns 183,518 shares of the company’s stock worth $5,072,000 after buying an additional 18,044 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Greenbrier Companies during the first quarter worth $3,549,000. Royce & Associates LP purchased a new stake in Greenbrier Companies during the first quarter worth $3,023,000. Mesirow Financial Investment Management US Value Equity boosted its stake in Greenbrier Companies by 28.1% in the first quarter. Mesirow Financial Investment Management US Value Equity now owns 48,276 shares of the company’s stock worth $1,334,000 after buying an additional 10,576 shares in the last quarter. Finally, Acrospire Investment Management LLC purchased a new stake in Greenbrier Companies during the first quarter worth $138,000. Institutional investors and hedge funds own 94.55% of the company’s stock.
Shares of Greenbrier Companies (NYSE:GBX) traded up 0.95% on Tuesday, reaching $33.97. 95,729 shares of the company were exchanged. Greenbrier Companies has a 52 week low of $19.89 and a 52 week high of $42.04. The company’s 50-day moving average is $33.28 and its 200-day moving average is $29.99. The company has a market capitalization of $958.09 million, a price-to-earnings ratio of 5.07 and a beta of 2.66.
Greenbrier Companies (NYSE:GBX) last announced its earnings results on Wednesday, July 6th. The company reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Greenbrier Companies had a net margin of 7.60% and a return on equity of 23.41%. The business had revenue of $612.90 million for the quarter. During the same period in the prior year, the company posted $1.49 EPS. The company’s revenue was down 14.2% compared to the same quarter last year. On average, equities analysts expect that Greenbrier Companies will post $5.81 EPS for the current fiscal year.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc (Greenbrier), formerly Greenbrier Co Inc is a designer, manufacturer and marketer 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.
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