Greenbrier Companies Inc. (GBX) Rating Lowered to Sell at Vetr Inc.
Greenbrier Companies Inc. (NYSE:GBX) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday. They currently have a $35.84 price target on the stock. Vetr‘s price target suggests a potential downside of 3.14% from the company’s previous close.
Several other brokerages have also recently weighed in on GBX. Zacks Investment Research cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Monday, September 19th. Standpoint Research reissued a “buy” rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Longbow Research cut shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. Wells Fargo & Co. reissued a “hold” rating and issued a $31.00 target price on shares of Greenbrier Companies in a research note on Monday, September 19th. Finally, Cowen and Company decreased their target price on shares of Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, July 7th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.20.
Shares of Greenbrier Companies (NYSE:GBX) traded up 1.12% during mid-day trading on Monday, hitting $37.00. 226,897 shares of the stock were exchanged. The company has a market capitalization of $1.04 billion, a PE ratio of 5.52 and a beta of 2.46. Greenbrier Companies has a 12-month low of $19.89 and a 12-month high of $42.04. The firm has a 50-day moving average price of $34.54 and a 200 day moving average price of $30.89.
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In other news, EVP Mark J. Rittenbaum sold 6,250 shares of Greenbrier Companies stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $34.75, for a total transaction of $217,187.50. Following the completion of the sale, the executive vice president now owns 89,107 shares of the company’s stock, valued at $3,096,468.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alejandro Centurion sold 6,000 shares of Greenbrier Companies stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $31.95, for a total value of $191,700.00. Following the sale, the executive vice president now directly owns 12,950 shares of the company’s stock, valued at approximately $413,752.50. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. Denver Investment Advisors LLC purchased a new stake in Greenbrier Companies during the second quarter worth $17,577,000. Vanguard Group Inc. increased its stake in Greenbrier Companies by 13.3% in the second quarter. Vanguard Group Inc. now owns 4,386,156 shares of the company’s stock worth $127,769,000 after buying an additional 514,371 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Greenbrier Companies during the second quarter worth $6,631,000. Ameriprise Financial Inc. increased its stake in Greenbrier Companies by 108.3% in the second quarter. Ameriprise Financial Inc. now owns 339,677 shares of the company’s stock worth $9,896,000 after buying an additional 176,605 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in Greenbrier Companies during the second quarter worth $4,690,000. 94.58% of the stock is owned by institutional investors.
About Greenbrier Companies
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.
To view Vetr’s full report, visit Vetr’s official website.
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