Shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) have earned an average rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $53.57.
Several analysts have recently weighed in on GBX shares. Cowen reaffirmed an “outperform” rating and set a $58.00 price objective (up previously from $57.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 price objective (up previously from $51.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective for the company in a report on Friday, October 6th. Buckingham Research raised their price target on shares of Greenbrier Companies from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, October 5th. Finally, KeyCorp reissued a “buy” rating and issued a $60.00 price target on shares of Greenbrier Companies in a report on Tuesday, October 24th.
Shares of Greenbrier Companies (NYSE:GBX) opened at $51.15 on Thursday. The firm has a market cap of $1,460.86, a P/E ratio of 13.50, a PEG ratio of 1.35 and a beta of 1.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.15 and a current ratio of 3.10. Greenbrier Companies has a fifty-two week low of $39.10 and a fifty-two week high of $52.75.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, November 14th. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.22. Greenbrier Companies’s payout ratio is currently 25.14%.
In other Greenbrier Companies news, EVP Alejandro Centurion sold 5,500 shares of Greenbrier Companies stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $52.21, for a total transaction of $287,155.00. Following the completion of the sale, the executive vice president now owns 19,593 shares of the company’s stock, valued at approximately $1,022,950.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William A. Furman sold 117,652 shares of Greenbrier Companies stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $46.91, for a total transaction of $5,519,055.32. The disclosure for this sale can be found here. Insiders have sold a total of 289,570 shares of company stock valued at $13,824,232 in the last ninety days. Company insiders own 2.46% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC boosted its position in shares of Greenbrier Companies by 69.1% during the second quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock worth $102,000 after purchasing an additional 898 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Greenbrier Companies by 872.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock worth $130,000 after purchasing an additional 2,529 shares in the last quarter. US Bancorp DE boosted its position in shares of Greenbrier Companies by 18.5% during the second quarter. US Bancorp DE now owns 5,125 shares of the transportation company’s stock worth $237,000 after purchasing an additional 800 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Greenbrier Companies during the third quarter worth $265,000. Finally, Jennison Associates LLC bought a new position in shares of Greenbrier Companies during the third quarter worth $285,000.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
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