Greenbrier Companies Inc. (GBX) Stock Rating Lowered by Zacks Investment Research
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. “
Several other research analysts also recently weighed in on the company. 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 target on Greenbrier Companies from $37.00 to $35.00 and set an outperform rating for the company in a research note on Thursday, July 7th. Finally, Longbow Research downgraded Greenbrier Companies from a buy rating to a neutral rating in a research note on Monday, June 20th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Greenbrier Companies has an average rating of Hold and an average price target of $35.14.
Greenbrier Companies (NYSE:GBX) opened at 33.41 on Tuesday. The company has a 50 day moving average of $33.09 and a 200 day moving average of $29.77. The stock has a market capitalization of $942.30 million, a P/E ratio of 4.99 and a beta of 2.66. Greenbrier Companies has a 52 week low of $19.89 and a 52 week high of $42.04.
Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, July 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The company earned $612.90 million during the quarter. Greenbrier Companies had a net margin of 7.60% and a return on equity of 23.41%. The company’s revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 earnings per share. Equities analysts expect that Greenbrier Companies will post $5.81 EPS for the current fiscal year.
In related news, EVP Mark J. Rittenbaum sold 6,250 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $34.75, for a total value of $217,187.50. Following the completion of the sale, the executive vice president now directly owns 89,107 shares in the company, valued at $3,096,468.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alejandro Centurion sold 6,000 shares of the firm’s 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 completion of the sale, the executive vice president now owns 12,950 shares of the company’s stock, valued at $413,752.50. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in shares of Greenbrier Companies during the second quarter worth about $108,000. Teacher Retirement System of Texas increased its stake 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 worth $116,000 after buying an additional 678 shares in the last quarter. US Bancorp DE increased its stake 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 worth $143,000 after buying an additional 1,288 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of Greenbrier Companies during the second quarter worth about $146,000. Finally, Acrospire Investment Management LLC bought a new stake in shares of Greenbrier Companies during the first quarter worth about $138,000. 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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