ValuEngine Downgrades Greenbrier Companies (GBX) to Buy
ValuEngine downgraded shares of Greenbrier Companies (NYSE:GBX) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday.
Other equities analysts have also issued research reports about the company. Stifel Nicolaus set a $55.00 target price on Greenbrier Companies and gave the stock a buy rating in a research report on Friday, February 9th. Seaport Global Securities started coverage on Greenbrier Companies in a research report on Thursday, January 4th. They issued a buy rating and a $65.00 target price for the company. Finally, Zacks Investment Research lowered Greenbrier Companies from a strong-buy rating to a hold rating in a research report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Greenbrier Companies has an average rating of Buy and an average price target of $58.00.
Greenbrier Companies (NYSE GBX) opened at $51.85 on Wednesday. Greenbrier Companies has a 52-week low of $40.45 and a 52-week high of $54.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.96 and a quick ratio of 2.04. The firm has a market capitalization of $1,488.15, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.32 and a beta of 1.57.
The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, January 26th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.77%. Greenbrier Companies’s dividend payout ratio is currently 24.86%.
In other Greenbrier Companies news, EVP Alejandro Centurion sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the executive vice president now directly owns 13,523 shares in the company, valued at approximately $703,196. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.46% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of Greenbrier Companies by 3.0% during the 2nd quarter. State Street Corp now owns 746,041 shares of the transportation company’s stock valued at $34,504,000 after purchasing an additional 21,758 shares during the period. Victory Capital Management Inc. grew its stake in shares of Greenbrier Companies by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 734,868 shares of the transportation company’s stock valued at $39,169,000 after purchasing an additional 6,821 shares during the period. Renaissance Technologies LLC grew its stake in shares of Greenbrier Companies by 128.7% during the 4th quarter. Renaissance Technologies LLC now owns 626,000 shares of the transportation company’s stock valued at $33,366,000 after purchasing an additional 352,301 shares during the period. LSV Asset Management grew its stake in shares of Greenbrier Companies by 33.9% during the 4th quarter. LSV Asset Management now owns 581,427 shares of the transportation company’s stock valued at $30,990,000 after purchasing an additional 147,300 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Greenbrier Companies by 5.0% during the 4th quarter. Royce & Associates LP now owns 550,551 shares of the transportation company’s stock valued at $29,344,000 after purchasing an additional 26,058 shares during the period.
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Greenbrier Companies Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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