Greenbrier Companies (NYSE:GBX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “Greenbrier Companies Inc., is a leading supplier of transportation equipment and services to the railroad and related industries. The company’s manufacturing segment produces double-stack intermodal railcars, conventional railcars and marine vessels, and performs repair and refurbishment activities for both intermodal and conventional railcars. It also engages in complementary leasing and services activities. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland & Romania that serves customers across Europe and in the Middle East. Greenbrier builds freight railcars & rail castings in Brazil through two separate strategic partnerships. It is a leading provider of wheel services, railcar management & regulatory compliance services and leasing services to railroads in North America. Greenbrier offers freight railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership with Watco Companies, LLC. “
A number of other equities analysts have also commented on the company. ValuEngine lowered Greenbrier Companies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Stifel Nicolaus set a $55.00 price target on Greenbrier Companies and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Seaport Global Securities began coverage on Greenbrier Companies in a report on Thursday, January 4th. They issued a “buy” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a 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) last posted its quarterly earnings results on Friday, January 5th. The transportation company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. Greenbrier Companies had a return on equity of 10.71% and a net margin of 5.39%. The firm had revenue of $559.50 million during the quarter, compared to analyst estimates of $591.05 million. During the same period last year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. analysts forecast that Greenbrier Companies will post 4.13 EPS for the current year.
In related news, EVP Alejandro Centurion sold 5,000 shares of Greenbrier Companies stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the executive vice president now owns 13,523 shares of the company’s stock, valued at $703,196. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.46% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its position in Greenbrier Companies by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 3,130 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 80 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Greenbrier Companies by 0.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 11,950 shares of the transportation company’s stock valued at $422,000 after purchasing an additional 90 shares in the last quarter. New York State Common Retirement Fund raised its position in Greenbrier Companies by 0.3% during the second quarter. New York State Common Retirement Fund now owns 28,900 shares of the transportation company’s stock valued at $1,337,000 after purchasing an additional 99 shares in the last quarter. Arizona State Retirement System raised its position in Greenbrier Companies by 0.8% during the first quarter. Arizona State Retirement System now owns 13,300 shares of the transportation company’s stock valued at $368,000 after purchasing an additional 100 shares in the last quarter. Finally, First Midwest Bank Trust Division raised its position in Greenbrier Companies by 0.7% during the second quarter. First Midwest Bank Trust Division now owns 13,823 shares of the transportation company’s stock valued at $639,000 after purchasing an additional 101 shares in the last quarter.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies and related companies with MarketBeat.com's FREE daily email newsletter.