Greenbrier Companies, Inc. (The) (NYSE:GBX) Lifted to Hold at BidaskClub

Greenbrier Companies, Inc. (The) (NYSE:GBX) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, June 29th.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Greenbrier Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Tuesday, June 6th. Bank of America Corporation upgraded shares of Greenbrier Companies, Inc. (The) from a “neutral” rating to a “buy” rating and lifted their target price for the company from $49.00 to $59.00 in a research report on Thursday, April 6th. Buckingham Research initiated coverage on shares of Greenbrier Companies, Inc. (The) in a research report on Wednesday, June 21st. They set a “neutral” rating and a $45.00 target price for the company. Cowen and Company lifted their target price on shares of Greenbrier Companies, Inc. (The) from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, April 7th. Finally, KeyCorp lifted their target price on shares of Greenbrier Companies, Inc. (The) from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, April 7th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $45.28.

Shares of Greenbrier Companies, Inc. (NYSE:GBX) traded up 0.56% during trading on Thursday, hitting $44.70. 200,959 shares of the stock traded hands. Greenbrier Companies, Inc. has a 1-year low of $28.95 and a 1-year high of $51.25. The stock has a 50-day moving average of $45.97 and a 200 day moving average of $44.85. The company has a market cap of $1.27 billion, a P/E ratio of 11.28 and a beta of 1.87.

Greenbrier Companies, Inc. (The) (NYSE:GBX) last released its quarterly earnings data on Thursday, June 29th. The transportation company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.21. Greenbrier Companies, Inc. (The) had a net margin of 5.85% and a return on equity of 11.74%. The company had revenue of $439.20 million during the quarter, compared to analyst estimates of $516.17 million. During the same period last year, the business earned $1.12 earnings per share. Greenbrier Companies, Inc. (The)’s revenue was down 28.3% compared to the same quarter last year. On average, equities research analysts predict that Greenbrier Companies, Inc. will post $3.54 EPS for the current fiscal year.

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In other news, CEO William A. Furman sold 126,333 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $43.51, for a total transaction of $5,496,748.83. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Alejandro Centurion sold 3,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $43.30, for a total transaction of $129,900.00. Following the completion of the transaction, the executive vice president now owns 17,583 shares in the company, valued at approximately $761,343.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 301,771 shares of company stock worth $13,125,052. Company insiders own 4.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new stake in Greenbrier Companies, Inc. (The) during the first quarter valued at approximately $101,000. State of Alaska Department of Revenue raised its stake in Greenbrier Companies, Inc. (The) by 2.6% in 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 buying an additional 80 shares during the last quarter. Stifel Financial Corp acquired a new stake in Greenbrier Companies, Inc. (The) during the first quarter valued at approximately $202,000. Cim Investment Mangement Inc. acquired a new stake in Greenbrier Companies, Inc. (The) during the first quarter valued at approximately $204,000. Finally, US Bancorp DE raised its stake in Greenbrier Companies, Inc. (The) by 18.5% in the second quarter. US Bancorp DE now owns 5,125 shares of the transportation company’s stock valued at $237,000 after buying an additional 800 shares during the last quarter.

About Greenbrier Companies, Inc. (The)

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.

Analyst Recommendations for Greenbrier Companies, Inc. (The) (NYSE:GBX)

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