Zacks Investment Research upgraded shares of Greenbrier Companies (NYSE:GBX) from a hold rating to a buy rating in a research report released on Thursday morning. They currently have $54.00 price target on the transportation company’s stock.
According to Zacks, “Greenbrier Companies Inc., is a leading supplier of transportation equipment and services to the railroad and related industries. The company’s manufacturing segment produces double-stack intermodal railcars, conventional railcars and marine vessels, and performs repair and refurbishment activities for both intermodal and conventional railcars. It also engages in complementary leasing and services activities. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland & Romania that serves customers across Europe and in the Middle East. Greenbrier builds freight railcars & rail castings in Brazil through two separate strategic partnerships. It is a leading provider of wheel services, railcar management & regulatory compliance services and leasing services to railroads in North America. Greenbrier offers freight railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership with Watco Companies, LLC. “
GBX has been the topic of several other reports. Stifel Nicolaus set a $62.00 target price on Greenbrier Companies and gave the stock a buy rating in a report on Monday. UBS Group raised Greenbrier Companies from a neutral rating to a positive rating in a report on Monday. ValuEngine downgraded Greenbrier Companies from a buy rating to a hold rating in a report on Saturday, October 27th. Wells Fargo & Co reduced their target price on Greenbrier Companies from $55.00 to $52.00 and set a hold rating on the stock in a report on Monday. Finally, Susquehanna Bancshares raised Greenbrier Companies from a neutral rating to a positive rating in a report on Monday. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Greenbrier Companies has an average rating of Buy and an average price target of $60.38.
NYSE GBX traded down $0.34 during trading on Thursday, reaching $49.06. 27,571 shares of the company traded hands, compared to its average volume of 608,122. The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.17 and a beta of 1.74. Greenbrier Companies has a 1-year low of $43.05 and a 1-year high of $64.87.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Friday, October 26th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.23). The company had revenue of $689.20 million for the quarter, compared to analyst estimates of $663.98 million. Greenbrier Companies had a net margin of 6.02% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. On average, analysts predict that Greenbrier Companies will post 4.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Wednesday, November 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.04%. The ex-dividend date is Tuesday, November 13th. Greenbrier Companies’s dividend payout ratio (DPR) is presently 24.21%.
Institutional investors have recently modified their holdings of the business. HPM Partners LLC raised its position in shares of Greenbrier Companies by 7.6% during the 2nd quarter. HPM Partners LLC now owns 90,558 shares of the transportation company’s stock valued at $4,777,000 after acquiring an additional 6,428 shares during the last quarter. Legal & General Group Plc raised its position in shares of Greenbrier Companies by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 61,546 shares of the transportation company’s stock valued at $3,128,000 after acquiring an additional 3,041 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Greenbrier Companies by 4.3% during the 2nd quarter. D.A. Davidson & CO. now owns 23,074 shares of the transportation company’s stock valued at $1,217,000 after acquiring an additional 946 shares during the last quarter. United Services Automobile Association increased its position in shares of Greenbrier Companies by 5.0% in the 2nd quarter. United Services Automobile Association now owns 19,870 shares of the transportation company’s stock valued at $1,048,000 after buying an additional 954 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Greenbrier Companies in the 2nd quarter valued at $965,000.
About Greenbrier Companies
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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