Susquehanna Bancshares upgraded shares of Greenbrier Companies (NYSE:GBX) from a neutral rating to a positive rating in a research note published on Monday morning, Marketbeat.com reports.
Several other equities research analysts also recently commented on GBX. Stifel Nicolaus boosted their price objective on Greenbrier Companies from $54.00 to $61.00 and gave the company a buy rating in a report on Monday, July 2nd. Wells Fargo & Co set a $55.00 price objective on Greenbrier Companies and gave the company a hold rating in a report on Monday, July 2nd. ValuEngine upgraded Greenbrier Companies from a hold rating to a buy rating in a report on Monday, July 2nd. Zacks Investment Research upgraded Greenbrier Companies from a hold rating to a buy rating and set a $61.00 price objective for the company in a report on Wednesday, July 4th. Finally, Mizuho started coverage on Greenbrier Companies in a report on Wednesday, July 18th. They set a neutral rating and a $62.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $60.38.
NYSE GBX opened at $49.40 on Monday. The company has a market cap of $1.55 billion, a PE ratio of 11.97, a PEG ratio of 1.17 and a beta of 1.74. Greenbrier Companies has a 52 week low of $43.05 and a 52 week high of $64.87. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of 0.32.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Friday, October 26th. The transportation company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.23). The firm had revenue of $689.20 million for the quarter, compared to the consensus estimate of $663.98 million. Greenbrier Companies had a net margin of 6.02% and a return on equity of 10.07%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 EPS. On average, equities analysts anticipate that Greenbrier Companies will post 4.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Wednesday, November 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $1.00 annualized dividend and a yield of 2.02%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 24.21%.
A number of institutional investors have recently made changes to their positions in the stock. Comerica Bank grew its holdings in Greenbrier Companies by 3.9% during the third quarter. Comerica Bank now owns 31,701 shares of the transportation company’s stock worth $1,823,000 after buying an additional 1,200 shares in the last quarter. Chicago Equity Partners LLC grew its holdings in Greenbrier Companies by 91.9% during the third quarter. Chicago Equity Partners LLC now owns 19,945 shares of the transportation company’s stock worth $1,199,000 after buying an additional 9,550 shares in the last quarter. Kaizen Advisory LLC bought a new stake in Greenbrier Companies during the third quarter worth $1,063,000. Victory Capital Management Inc. grew its holdings in Greenbrier Companies by 1.1% during the third quarter. Victory Capital Management Inc. now owns 571,039 shares of the transportation company’s stock worth $34,320,000 after buying an additional 6,182 shares in the last quarter. Finally, Trilogy Capital Inc. bought a new stake in Greenbrier Companies during the third quarter worth $221,000.
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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