Credit Agricole SA started coverage on shares of Greenbrier Companies Inc. (NYSE:GBX) in a research report released on Friday morning. The brokerage issued an underperform rating and a $35.00 target price on the stock.
GBX has been the topic of a number of other reports. Zacks Investment Research upgraded Greenbrier Companies from a hold rating to a buy rating and set a $33.00 price target on the stock in a report on Tuesday, June 7th. Cowen and Company cut their price target on 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. reiterated a hold rating and issued a $31.00 target price on shares of Greenbrier Companies in a report on Monday, September 19th. Longbow Research cut Greenbrier Companies from a buy rating to a neutral rating in a report on Monday, June 20th. Finally, Standpoint Research reiterated a buy rating on shares of Greenbrier Companies in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Greenbrier Companies currently has an average rating of Hold and an average price target of $35.13.
Greenbrier Companies (NYSE:GBX) traded up 0.71% during trading on Friday, reaching $35.55. 69,543 shares of the company’s stock were exchanged. Greenbrier Companies has a 12 month low of $19.89 and a 12 month high of $42.04. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 5.31 and a beta of 2.46. The firm’s 50-day moving average price is $33.92 and its 200-day moving average price is $30.45.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, July 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.03. The firm had revenue of $612.90 million for the quarter. Greenbrier Companies had a return on equity of 23.41% and a net margin of 7.60%. Greenbrier Companies’s quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.49 earnings per share. On average, equities research analysts anticipate that Greenbrier Companies will post $5.81 EPS for the current year.
In related news, EVP Mark J. Rittenbaum sold 5,000 shares of the stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $32.20, for a total value of $161,000.00. Following the completion of the sale, the executive vice president now directly owns 95,357 shares of the company’s stock, valued at approximately $3,070,495.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark J. Rittenbaum sold 6,250 shares of the stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $34.75, for a total value of $217,187.50. Following the completion of the sale, the executive vice president now directly owns 89,107 shares of the company’s stock, valued at $3,096,468.25. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Greenbrier Companies during the fourth quarter worth approximately $11,726,000. Aperio Group LLC raised its stake in shares of Greenbrier Companies by 107.9% in the first quarter. Aperio Group LLC now owns 18,847 shares of the company’s stock valued at $521,000 after buying an additional 9,780 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its stake in shares of Greenbrier Companies by 65.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 14,200 shares of the company’s stock valued at $392,000 after buying an additional 5,600 shares in the last quarter. CIBC World Markets Inc. raised its stake in shares of Greenbrier Companies by 14.3% in the first quarter. CIBC World Markets Inc. now owns 15,635 shares of the company’s stock valued at $432,000 after buying an additional 1,953 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Greenbrier Companies by 236.8% in the first quarter. Prudential Financial Inc. now owns 195,747 shares of the company’s stock valued at $5,410,000 after buying an additional 137,621 shares in the last quarter. 94.55% of the stock is owned by institutional investors and hedge funds.
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.
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