Greenbrier Companies (NYSE:GBX) Rating Lowered to Neutral at Susquehanna

Greenbrier Companies (NYSE:GBX) was downgraded by equities researchers at Susquehanna from a “positive” rating to a “neutral” rating in a report issued on Thursday, MarketBeat.com reports. They presently have a $52.00 price target on the transportation company’s stock. Susquehanna’s price target indicates a potential upside of 8.13% from the stock’s current price.

Several other equities research analysts have also recently issued reports on GBX. Weiss Ratings cut shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Zacks Research raised shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $45.00.

Greenbrier Companies Stock Down 1.9%

GBX stock opened at $48.09 on Thursday. Greenbrier Companies has a twelve month low of $38.23 and a twelve month high of $59.19. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 10.39 and a beta of 1.43. The business’s fifty day simple moving average is $48.65 and its two-hundred day simple moving average is $50.56.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, July 1st. The transportation company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $576.50 million for the quarter, compared to analysts’ expectations of $612.69 million. Greenbrier Companies had a net margin of 5.12% and a return on equity of 8.94%. The business’s revenue for the quarter was down 31.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share. Research analysts expect that Greenbrier Companies will post 3.2 EPS for the current year.

Hedge Funds Weigh In On Greenbrier Companies

Several institutional investors have recently made changes to their positions in GBX. Toronto Dominion Bank lifted its stake in Greenbrier Companies by 254.6% in the fourth quarter. Toronto Dominion Bank now owns 1,859,224 shares of the transportation company’s stock worth $86,900,000 after acquiring an additional 1,334,891 shares during the period. Deprince Race & Zollo Inc. purchased a new position in Greenbrier Companies during the 1st quarter valued at about $20,312,000. Goldman Sachs Group Inc. raised its holdings in shares of Greenbrier Companies by 98.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 762,907 shares of the transportation company’s stock valued at $35,658,000 after purchasing an additional 379,314 shares in the last quarter. Algert Global LLC raised its holdings in shares of Greenbrier Companies by 106.8% in the 3rd quarter. Algert Global LLC now owns 395,503 shares of the transportation company’s stock valued at $18,260,000 after purchasing an additional 204,229 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Greenbrier Companies by 2,223.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 160,592 shares of the transportation company’s stock worth $7,415,000 after purchasing an additional 153,679 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.