Wall Street Zen lowered shares of Greenbrier Companies (NYSE:GBX – Free Report) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.
Several other equities research analysts have also recently weighed in on the company. Weiss Ratings cut Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Susquehanna downgraded Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Greenbrier Companies presently has a consensus rating of “Reduce” and a consensus target price of $45.00.
Greenbrier Companies Trading Down 1.6%
Shares of NYSE GBX opened at $38.16 on Friday. Greenbrier Companies has a 12-month low of $37.02 and a 12-month high of $59.19. The firm’s 50-day moving average price is $42.05 and its 200-day moving average price is $46.49. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.32 and a beta of 1.45.
Hedge Funds Weigh In On Greenbrier Companies
A number of large investors have recently bought and sold shares of GBX. Dimensional Fund Advisors LP boosted its stake in shares of Greenbrier Companies by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,979,546 shares of the transportation company’s stock valued at $104,222,000 after purchasing an additional 13,153 shares during the period. Atlas FRM LLC purchased a new position in Greenbrier Companies in the 2nd quarter worth about $38,599,688. Donald Smith & CO. Inc. purchased a new position in Greenbrier Companies in the 2nd quarter worth about $31,987,000. Deprince Race & Zollo Inc. purchased a new position in Greenbrier Companies in the 1st quarter worth about $20,312,000. Finally, Bank of New York Mellon Corp bought a new stake in Greenbrier Companies during the 2nd quarter valued at about $18,324,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.
Greenbrier Companies Company Profile
Greenbrier Companies, Inc is a transportation equipment company that designs, manufactures and supplies freight railcars and related services. Its products include covered hopper cars, tank cars, gondolas, boxcars, intermodal equipment and railcars used to transport automobiles and other specialized cargo.
The company also provides railcar leasing and management services, maintenance, refurbishment, wheel services and parts. Through its manufacturing and service operations, Greenbrier supports railroads, leasing companies, shippers and other participants in the North American freight transportation industry.
Founded in 1974 and headquartered in Lake Oswego, Oregon, Greenbrier has expanded its operations beyond the United States, with manufacturing and service activities serving customers in North America and international markets.
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