Zacks Investment Research Upgrades Greenbrier Companies (GBX) to “Buy”
Zacks Investment Research upgraded shares of Greenbrier Companies (NYSE:GBX) from a hold rating to a buy rating in a research report report published on Thursday. Zacks Investment Research currently has $56.00 price objective on the transportation company’s stock.
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. “
Other analysts have also recently 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, ValuEngine cut Greenbrier Companies from a strong-buy rating to a buy rating in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $58.00.
Greenbrier Companies (NYSE:GBX) last issued its earnings results on Friday, January 5th. The transportation company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The business had revenue of $559.50 million during the quarter, compared to analysts’ expectations of $591.05 million. Greenbrier Companies had a return on equity of 10.71% and a net margin of 5.39%. Greenbrier Companies’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 earnings per share. research analysts expect that Greenbrier Companies will post 4.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, January 26th were given 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 yield of 1.77%. Greenbrier Companies’s payout ratio is 24.86%.
In related news, EVP Alejandro Centurion sold 5,000 shares of Greenbrier Companies stock in a transaction on 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 owns 13,523 shares of the company’s stock, valued at $703,196. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.46% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GBX. Renaissance Technologies LLC boosted its position in Greenbrier Companies by 128.7% during the fourth 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 last quarter. Point72 Asset Management L.P. boosted its position in Greenbrier Companies by 157.9% during the third quarter. Point72 Asset Management L.P. now owns 469,966 shares of the transportation company’s stock valued at $22,629,000 after purchasing an additional 287,736 shares during the last quarter. Deutsche Bank AG boosted its position in Greenbrier Companies by 137.0% during the fourth quarter. Deutsche Bank AG now owns 483,995 shares of the transportation company’s stock valued at $25,795,000 after purchasing an additional 279,749 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in Greenbrier Companies by 40.8% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 541,113 shares of the transportation company’s stock valued at $28,841,000 after purchasing an additional 156,742 shares during the last quarter. Finally, LSV Asset Management boosted its position in Greenbrier Companies by 33.9% during the fourth 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 last quarter.
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.
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