Greenbrier Companies (GBX) Now Covered by Seaport Global Securities

Investment analysts at Seaport Global Securities initiated coverage on shares of Greenbrier Companies (NYSE:GBX) in a research note issued on Thursday, The Fly reports. The brokerage set a “buy” rating on the transportation company’s stock.

Other research analysts have also issued research reports about the company. KeyCorp reaffirmed a “buy” rating and set a $60.00 price objective on shares of Greenbrier Companies in a research report on Tuesday, October 24th. 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 research report on Thursday, October 5th. Zacks Investment Research lowered Greenbrier Companies from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Buckingham Research raised their price objective on Greenbrier Companies from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, October 5th. Finally, Cowen reaffirmed an “outperform” rating and set a $58.00 price objective (up previously from $57.00) on shares of Greenbrier Companies in a research report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $58.00.

Greenbrier Companies (NYSE GBX) opened at $53.10 on Thursday. Greenbrier Companies has a 52-week low of $39.95 and a 52-week high of $54.45. The stock has a market capitalization of $1,548.40, a P/E ratio of 14.51, a PEG ratio of 1.43 and a beta of 1.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.10 and a quick ratio of 2.15.

Greenbrier Companies (NYSE:GBX) last announced its earnings results on Friday, October 27th. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.23. Greenbrier Companies had a return on equity of 10.75% and a net margin of 5.35%. The firm had revenue of $611.40 million during the quarter, compared to analyst estimates of $647.98 million. During the same quarter in the prior year, the company earned $1.06 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. research analysts expect that Greenbrier Companies will post 3.97 earnings per share for the current fiscal year.

In other Greenbrier Companies news, 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 value of $5,519,055.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William A. Furman sold 95,700 shares of Greenbrier Companies stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $46.91, for a total value of $4,489,287.00. The disclosure for this sale can be found here. In the last three months, insiders sold 284,830 shares of company stock valued at $13,596,712. Corporate insiders own 2.46% of the company’s stock.

Several institutional investors have recently bought and sold shares of GBX. Riverhead Capital Management LLC boosted its stake in shares of Greenbrier Companies by 69.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock worth $102,000 after buying an additional 898 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Greenbrier Companies in the 1st quarter worth $101,000. Tower Research Capital LLC TRC boosted its stake in shares of Greenbrier Companies by 872.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock worth $130,000 after buying an additional 2,529 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Greenbrier Companies by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 3,130 shares of the transportation company’s stock worth $134,000 after buying an additional 80 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Greenbrier Companies by 20.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,994 shares of the transportation company’s stock worth $116,000 after buying an additional 678 shares during the last quarter.

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About Greenbrier Companies

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.

The Fly

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