Greenbrier Companies (GBX) Downgraded by Zacks Investment Research

Greenbrier Companies (NYSE:GBX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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 analysts have also commented on the company. KeyCorp boosted their price objective on Greenbrier Companies from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, August 17th. Mizuho started coverage on Greenbrier Companies in a report on Wednesday, July 18th. They set a “neutral” rating and a $62.00 price objective for the company. ValuEngine lowered Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Cowen reissued a “buy” rating and set a $64.00 price objective on shares of Greenbrier Companies in a report on Tuesday, July 24th. Finally, Wells Fargo & Co set a $55.00 price objective on Greenbrier Companies and gave the stock a “hold” rating in a report on Monday, July 2nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $61.13.

GBX traded up $0.15 during midday trading on Tuesday, reaching $59.90. 240,800 shares of the company were exchanged, compared to its average volume of 458,471. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.97 and a current ratio of 2.82. The firm has a market capitalization of $1.94 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.55 and a beta of 1.77. Greenbrier Companies has a one year low of $43.05 and a one year high of $60.90.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Friday, June 29th. The transportation company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.16. The firm had revenue of $641.40 million during the quarter, compared to analyst estimates of $668.52 million. Greenbrier Companies had a return on equity of 10.56% and a net margin of 5.92%. The company’s revenue for the quarter was up 46.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. equities analysts forecast that Greenbrier Companies will post 4.24 earnings per share for the current year.

In other news, EVP Brian J. Comstock sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $57.98, for a total value of $289,900.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark J. Rittenbaum sold 4,899 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $52.50, for a total value of $257,197.50. Following the completion of the transaction, the executive vice president now owns 63,837 shares in the company, valued at approximately $3,351,442.50. The disclosure for this sale can be found here. Insiders sold a total of 15,399 shares of company stock worth $857,398 in the last 90 days. Company insiders own 2.46% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Greenbrier Companies by 14.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,159,568 shares of the transportation company’s stock worth $113,908,000 after buying an additional 271,364 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Greenbrier Companies by 9.0% in the 1st quarter. Royal Bank of Canada now owns 1,395,056 shares of the transportation company’s stock worth $70,102,000 after buying an additional 114,869 shares during the last quarter. LSV Asset Management boosted its stake in shares of Greenbrier Companies by 13.3% in the 2nd quarter. LSV Asset Management now owns 876,827 shares of the transportation company’s stock worth $46,252,000 after buying an additional 102,800 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Greenbrier Companies by 5.1% in the 2nd quarter. Northern Trust Corp now owns 842,047 shares of the transportation company’s stock worth $44,418,000 after buying an additional 40,692 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Greenbrier Companies by 23.3% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 693,009 shares of the transportation company’s stock worth $36,556,000 after buying an additional 130,823 shares during the last quarter.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.

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