Cowen reaffirmed their buy rating on shares of Greenbrier Companies (NYSE:GBX) in a report published on Friday. They currently have a $58.00 price objective on the transportation company’s stock.
A number of other research firms have also recently weighed in on GBX. Zacks Investment Research cut shares of Greenbrier Companies from a buy rating to a hold rating in a research note on Monday, April 2nd. ValuEngine cut shares of Greenbrier Companies from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Stifel Nicolaus dropped their target price on shares of Greenbrier Companies from $55.00 to $54.00 and set a buy rating on the stock in a research note on Sunday, April 8th. Finally, Wells Fargo & Co set a $50.00 target price on shares of Greenbrier Companies and gave the company a hold rating in a research note on Monday, April 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $58.25.
Get Greenbrier Companies alerts:Greenbrier Companies stock opened at $54.10 on Friday. Greenbrier Companies has a fifty-two week low of $41.45 and a fifty-two week high of $54.46. The stock has a market cap of $1.51 billion, a P/E ratio of 14.39, a PEG ratio of 1.29 and a beta of 1.61. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.95 and a current ratio of 2.82.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Friday, June 29th. The transportation company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.16. Greenbrier Companies had a net margin of 5.92% and a return on equity of 10.89%. The business had revenue of $641.40 million for the quarter, compared to analysts’ expectations of $668.52 million. During the same period in the previous year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was up 46.0% compared to the same quarter last year. research analysts anticipate that Greenbrier Companies will post 4.3 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 9th. Investors of record on Thursday, July 19th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Wednesday, July 18th. Greenbrier Companies’s payout ratio is currently 26.60%.
In related news, EVP Alejandro Centurion sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $45.25, for a total transaction of $90,500.00. Following the sale, the executive vice president now directly owns 9,925 shares in the company, valued at approximately $449,106.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark J. Rittenbaum sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $49.58, for a total transaction of $104,118.00. Following the sale, the executive vice president now owns 71,892 shares in the company, valued at $3,564,405.36. The disclosure for this sale can be found here. Insiders have sold a total of 25,100 shares of company stock worth $1,168,428 over the last 90 days. 2.46% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of GBX. Ceredex Value Advisors LLC bought a new stake in Greenbrier Companies during the 1st quarter worth approximately $24,533,000. Renaissance Technologies LLC increased its holdings in Greenbrier Companies by 128.7% during the 4th quarter. Renaissance Technologies LLC now owns 626,000 shares of the transportation company’s stock worth $33,366,000 after acquiring an additional 352,301 shares during the period. Deutsche Bank AG increased its holdings in Greenbrier Companies by 137.0% during the 4th quarter. Deutsche Bank AG now owns 483,995 shares of the transportation company’s stock worth $25,795,000 after acquiring an additional 279,749 shares during the period. LSV Asset Management increased its holdings in Greenbrier Companies by 33.1% during the 1st quarter. LSV Asset Management now owns 774,027 shares of the transportation company’s stock worth $38,894,000 after acquiring an additional 192,600 shares during the period. Finally, Systematic Financial Management LP increased its holdings in Greenbrier Companies by 491.5% during the 1st quarter. Systematic Financial Management LP now owns 188,160 shares of the transportation company’s stock worth $9,455,000 after acquiring an additional 156,350 shares during the period.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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