Greenbrier Companies Inc. (GBX) Downgraded by Zacks Investment Research to Sell
According to Zacks, “Greenbrier Companies Inc. is a leading supplier of transportation equipment and services to the railroad and related industries. The manufacturing segment produces double-stack intermodal railcars, conventional railcars and marine vessels, and performs repair and refurbishment activities for both intermodal and conventional railcars. In addition to manufacturing, they are engaged in complementary leasing and services activities. “
A number of other equities research analysts have also recently weighed in on GBX. Wells Fargo & Co. reissued a hold rating and issued a $31.00 price target on shares of Greenbrier Companies in a research report on Monday. Standpoint Research restated a buy rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Cowen and Company dropped their price objective on shares of Greenbrier Companies from $37.00 to $35.00 and set an outperform rating on the stock in a research note on Thursday, July 7th. Finally, Longbow Research lowered shares of Greenbrier Companies from a buy rating to a neutral rating in a research note on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $35.14.
Greenbrier Companies (NYSE:GBX) opened at 33.65 on Monday. The stock has a market capitalization of $949.06 million, a price-to-earnings ratio of 5.02 and a beta of 2.66. The company has a 50-day moving average of $33.28 and a 200-day moving average of $29.99. Greenbrier Companies has a 52 week low of $19.89 and a 52 week high of $42.04.
Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Wednesday, July 6th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. Greenbrier Companies had a net margin of 7.60% and a return on equity of 23.41%. The firm earned $612.90 million during the quarter. During the same period last year, the firm earned $1.49 earnings per share. Greenbrier Companies’s revenue was down 14.2% on a year-over-year basis. Analysts anticipate that Greenbrier Companies will post $5.81 earnings per share for the current year.
In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 5,000 shares of the company’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 transaction, the executive vice president now directly owns 95,357 shares in the company, valued at $3,070,495.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James T. Sharp sold 3,000 shares of the company’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the transaction, the executive vice president now owns 3,487 shares in the company, valued at $104,610. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of GBX. Tower Research Capital LLC TRC bought a new position in shares of Greenbrier Companies during the second quarter valued at $108,000. Teacher Retirement System of Texas raised its position in shares of Greenbrier Companies by 20.4% in the second quarter. Teacher Retirement System of Texas now owns 3,994 shares of the company’s stock valued at $116,000 after buying an additional 678 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of Greenbrier Companies during the first quarter valued at $138,000. US Bancorp DE raised its position in shares of Greenbrier Companies by 35.6% in the second quarter. US Bancorp DE now owns 4,908 shares of the company’s stock valued at $143,000 after buying an additional 1,288 shares during the last quarter. Finally, Mason Street Advisors LLC bought a new position in shares of Greenbrier Companies during the second quarter valued at $146,000. Institutional investors own 94.55% of the company’s stock.
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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