Greenbrier Companies Inc. (GBX) Now Covered by Analysts at Credit Agricole SA
Credit Agricole SA started coverage on shares of Greenbrier Companies Inc. (NYSE:GBX) in a report issued on Friday. The brokerage set an “underperform” rating and a $35.00 price target on the stock. Credit Agricole SA’s price target would indicate a potential downside of 0.31% from the company’s previous close.
Several other research analysts also recently commented on GBX. Zacks Investment Research downgraded shares of Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Wednesday, June 8th. Standpoint Research reaffirmed a “buy” rating on shares of Greenbrier Companies in a report on Wednesday, July 27th. Cowen and Company lowered their price target on shares of Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, July 7th. Wells Fargo & Co. reaffirmed a “hold” rating and issued a $31.00 price target on shares of Greenbrier Companies in a report on Monday, September 19th. Finally, Longbow Research downgraded shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.13.
Shares of Greenbrier Companies (NYSE:GBX) opened at 35.11 on Friday. Greenbrier Companies has a 52 week low of $19.89 and a 52 week high of $42.04. The company has a market cap of $990.24 million, a price-to-earnings ratio of 5.24 and a beta of 2.66. The firm’s 50-day moving average price is $33.82 and its 200 day moving average price is $30.39.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Wednesday, July 6th. The company reported $1.12 EPS for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same quarter last year, the company earned $1.49 earnings per share. On average, equities research analysts forecast that Greenbrier Companies will post $5.81 EPS for the current year.
In related news, EVP Mark J. Rittenbaum sold 6,250 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $34.75, for a total transaction of $217,187.50. Following the completion of the sale, the executive vice president now owns 89,107 shares of the company’s stock, valued at approximately $3,096,468.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Anne Manning sold 5,000 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $31.25, for a total transaction of $156,250.00. Following the sale, the vice president now directly owns 13,920 shares of the company’s stock, valued at approximately $435,000. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Denver Investment Advisors LLC purchased a new position in Greenbrier Companies during the second quarter valued at $17,577,000. Vanguard Group Inc. raised its position in shares of Greenbrier Companies by 13.3% in the second quarter. Vanguard Group Inc. now owns 4,386,156 shares of the company’s stock valued at $127,769,000 after buying an additional 514,371 shares in the last quarter. Norges Bank bought a new position in shares of Greenbrier Companies during the fourth quarter valued at approximately $11,726,000. Emerald Acquisition Ltd. bought a new position in shares of Greenbrier Companies during the second quarter valued at approximately $6,631,000. Finally, Ameriprise Financial Inc. raised its position in shares of Greenbrier Companies by 108.3% in the second quarter. Ameriprise Financial Inc. now owns 339,677 shares of the company’s stock valued at $9,896,000 after buying an additional 176,605 shares in the last quarter. 94.55% of the stock is owned by institutional investors.
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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