Credit Agricole SA began coverage on shares of Greenbrier Companies Inc. (NYSE:GBX) in a research note published on Friday morning. The firm issued an underperform rating and a $35.00 target price on the stock.
A number of other equities research analysts have also weighed in on GBX. Zacks Investment Research lowered shares of Greenbrier Companies from a buy rating to a hold rating in a report on Wednesday, June 8th. Standpoint Research reissued 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 on the stock 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 lowered shares of Greenbrier Companies from a buy rating to a neutral rating in a report on Monday, June 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Greenbrier Companies has an average rating of Hold and an average target price of $35.13.
Greenbrier Companies (NYSE:GBX) opened at 35.23 on Friday. The stock has a market cap of $993.63 million, a price-to-earnings ratio of 5.26 and a beta of 2.46. The stock’s 50 day moving average price is $34.12 and its 200-day moving average price is $30.63. Greenbrier Companies has a 12 month low of $19.89 and a 12 month high of $42.04.
Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Wednesday, July 6th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. The firm had revenue of $612.90 million for the quarter. Greenbrier Companies had a net margin of 7.60% and a return on equity of 23.41%. Greenbrier Companies’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. Equities analysts expect 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 transaction, the executive vice president now owns 89,107 shares in the company, valued at approximately $3,096,468.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James T. Sharp sold 3,000 shares of the company’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the transaction, the executive vice president now owns 3,487 shares of the company’s stock, valued at approximately $104,610. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new position in Greenbrier Companies during the first quarter valued at $2,229,000. Legal & General Group Plc increased its stake in Greenbrier Companies by 24.5% in the first quarter. Legal & General Group Plc now owns 6,632 shares of the company’s stock worth $184,000 after buying an additional 1,307 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Greenbrier Companies during the first quarter worth approximately $3,549,000. Royce & Associates LP acquired a new stake in Greenbrier Companies during the first quarter worth approximately $3,023,000. Finally, Mesirow Financial Investment Management US Value Equity increased its stake in Greenbrier Companies by 28.1% in the first quarter. Mesirow Financial Investment Management US Value Equity now owns 48,276 shares of the company’s stock worth $1,334,000 after buying an additional 10,576 shares during the last quarter. Hedge funds and other institutional investors own 94.55% of the company’s stock.
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.
Receive News & Ratings for Greenbrier Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.