Greenbrier Companies, Inc. (The) (NYSE:GBX – Get Free Report) reached a new 52-week low during trading on Tuesday. The company traded as low as $37.59 and last traded at $37.6760, with a volume of 123,554 shares. The stock had previously closed at $38.58.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on GBX shares. Wall Street Zen raised shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Susquehanna downgraded Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Thursday, July 2nd. Finally, Weiss Ratings downgraded Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $45.00.
Get Our Latest Research Report on Greenbrier Companies
Greenbrier Companies Stock Down 3.3%
The firm has a 50 day moving average of $42.67 and a 200-day moving average of $46.86. The company has a market cap of $1.15 billion, a P/E ratio of 11.00 and a beta of 1.45.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Versant Capital Management Inc raised its stake in Greenbrier Companies by 63.0% in the third quarter. Versant Capital Management Inc now owns 1,185 shares of the transportation company’s stock valued at $47,000 after buying an additional 458 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Greenbrier Companies in the 2nd quarter valued at $50,000. Public Employees Retirement System of Ohio acquired a new position in shares of Greenbrier Companies in the second quarter valued at about $62,000. State of Wyoming acquired a new stake in Greenbrier Companies during the 2nd quarter valued at approximately $144,000. Finally, Tidal Investments LLC acquired a new position in shares of Greenbrier Companies in the 2nd quarter valued at about $216,000. Institutional investors own 95.59% of the company’s stock.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc is a transportation equipment manufacturer and services provider focused primarily on the freight rail industry. The company designs, manufactures, and markets a broad range of railcars used to transport commodities and industrial products, including covered hoppers, tank cars, gondolas, boxcars, and intermodal equipment.
Greenbrier also provides railcar leasing and fleet management services, as well as repair, refurbishment, maintenance, parts, and wheel services.
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