Greenbrier Companies (NYSE:GBX – Get Rating) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.
A number of other equities research analysts also recently issued reports on the company. TheStreet upgraded Greenbrier Companies from a “c+” rating to a “b” rating in a research report on Wednesday, April 6th. Bank of America lowered shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Stephens cut their price target on shares of Greenbrier Companies from $63.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $55.67.
NYSE GBX traded down $3.09 on Monday, hitting $29.53. 1,233,424 shares of the company traded hands, compared to its average volume of 382,308. The business’s 50 day moving average price is $39.24 and its 200-day moving average price is $43.00. Greenbrier Companies has a 52-week low of $29.36 and a 52-week high of $53.46. The company has a current ratio of 2.10, a quick ratio of 1.27 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $962.32 million, a price-to-earnings ratio of 13.18, a P/E/G ratio of 2.09 and a beta of 1.47.
Greenbrier Companies (NYSE:GBX – Get Rating) last released its earnings results on Monday, July 11th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.48). Greenbrier Companies had a return on equity of 5.57% and a net margin of 3.29%. The firm had revenue of $793.50 million during the quarter, compared to analysts’ expectations of $736.13 million. During the same period in the prior year, the company posted $0.69 earnings per share. The company’s revenue was up 76.3% compared to the same quarter last year. As a group, sell-side analysts predict that Greenbrier Companies will post 2.23 earnings per share for the current year.
In other Greenbrier Companies news, insider Brian J. Comstock sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 12th. The stock was sold at an average price of $45.05, for a total transaction of $67,575.00. Following the transaction, the insider now owns 45,948 shares in the company, valued at $2,069,957.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles J. Swindells sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $44.30, for a total value of $88,600.00. Following the completion of the sale, the director now owns 41,645 shares of the company’s stock, valued at $1,844,873.50. The disclosure for this sale can be found here. 3.35% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its holdings in Greenbrier Companies by 8.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 24,649 shares of the transportation company’s stock valued at $887,000 after acquiring an additional 2,005 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Greenbrier Companies in the first quarter valued at $26,000. Bank of America Corp DE lifted its stake in Greenbrier Companies by 10.0% during the 1st quarter. Bank of America Corp DE now owns 137,562 shares of the transportation company’s stock worth $7,085,000 after acquiring an additional 12,481 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Greenbrier Companies by 6.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 386,220 shares of the transportation company’s stock valued at $19,894,000 after acquiring an additional 24,976 shares during the period. Finally, Keeley Teton Advisors LLC acquired a new position in Greenbrier Companies in the 1st quarter valued at about $1,149,000. Institutional investors and hedge funds own 98.07% of the company’s stock.
About Greenbrier Companies (Get Rating)
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, center partition cars, and bulkhead flat cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels.