Wells Fargo & Co. Reiterates Hold Rating for Greenbrier Companies Inc. (GBX)
Greenbrier Companies Inc. (NYSE:GBX)‘s stock had its “hold” rating restated by Wells Fargo & Co. in a report released on Monday. They currently have a $31.00 price target on the stock. Wells Fargo & Co.’s price objective would indicate a potential downside of 8.82% from the company’s previous close.
A number of other analysts have also weighed in on GBX. Zacks Investment Research lowered Greenbrier Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 8th. Standpoint Research reissued a “buy” rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Cowen and Company dropped their price objective 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 lowered Greenbrier Companies from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. One 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. Greenbrier Companies currently has an average rating of “Hold” and a consensus target price of $35.14.
Shares of Greenbrier Companies (NYSE:GBX) opened at 34.00 on Monday. Greenbrier Companies has a 1-year low of $19.89 and a 1-year high of $42.04. The company has a market cap of $958.94 million, a price-to-earnings ratio of 5.08 and a beta of 2.66. The stock has a 50 day moving average of $33.33 and a 200 day moving average of $30.04.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data 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. The firm earned $612.90 million during the quarter. Greenbrier Companies had a return on equity of 23.41% and a net margin of 7.60%. The business’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same period last year, the company posted $1.49 EPS. On average, equities analysts forecast that Greenbrier Companies will post $5.81 EPS for the current year.
In other Greenbrier Companies news, EVP James T. Sharp sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $30.44, for a total transaction of $152,200.00. Following the completion of the transaction, the executive vice president now owns 3,487 shares of the company’s stock, valued at $106,144.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James T. Sharp sold 3,000 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the transaction, the executive vice president now directly owns 3,487 shares of the company’s stock, valued at approximately $104,610. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Mason Street Advisors LLC purchased a new position in shares of Greenbrier Companies during the second quarter valued at approximately $146,000. Schwab Charles Investment Management Inc. increased its position in shares of Greenbrier Companies by 17.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 217,411 shares of the company’s stock valued at $6,334,000 after buying an additional 32,643 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Greenbrier Companies during the second quarter valued at $4,690,000. AQR Capital Management LLC increased its position in shares of Greenbrier Companies by 203.6% in the second quarter. AQR Capital Management LLC now owns 131,058 shares of the company’s stock valued at $3,818,000 after buying an additional 87,897 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Greenbrier Companies by 1,209.9% in the second quarter. Panagora Asset Management Inc. now owns 41,917 shares of the company’s stock valued at $1,221,000 after buying an additional 38,717 shares during the last quarter. 94.55% of the stock is owned by institutional investors and hedge funds.
About Greenbrier Companies
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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