Greenbrier Companies (NYSE:GBX – Get Free Report) had its price target lowered by equities research analysts at Susquehanna from $52.00 to $45.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna‘s target price would indicate a potential upside of 8.39% from the company’s previous close.
Other research analysts also recently issued reports about the company. Bank of America reduced their target price on Greenbrier Companies from $42.00 to $38.00 and set an “underperform” rating for the company in a research note on Tuesday, October 27th. Weiss Ratings cut Greenbrier Companies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, October 27th. Zacks Research downgraded Greenbrier Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 27th. Finally, Wall Street Zen cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Saturday, October 24th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Strong Sell” and a consensus target price of $40.33.
Check Out Our Latest Report on GBX
Greenbrier Companies Stock Down 3.2%
Shares of NYSE:GBX traded down $1.36 during mid-day trading on Thursday, reaching $41.52. 637,740 shares of the stock were exchanged, compared to its average volume of 479,588. The stock’s 50 day simple moving average is $40.99 and its 200-day simple moving average is $48.00. Greenbrier Companies has a one year low of $36.35 and a one year high of $59.19. The company has a market cap of $1.29 billion, a P/E ratio of 16.74, a P/E/G ratio of 0.44 and a beta of 1.53. The company has a quick ratio of 1.24, a current ratio of 2.43 and a debt-to-equity ratio of 1.09.
Greenbrier Companies (NYSE:GBX – Get Free Report) last issued its quarterly earnings results on Monday, October 26th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.41). Greenbrier Companies had a return on equity of 4.85% and a net margin of 3.21%. The business had revenue of $591.00 million for the quarter, compared to the consensus estimate of $605.10 million. During the same period in the prior year, the business earned $1.26 earnings per share. Greenbrier Companies’s revenue was down 22.2% compared to the same quarter last year. As a group, equities research analysts predict that Greenbrier Companies will post 3.30 EPS for the current year.
Institutional Trading of Greenbrier Companies
Institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Greenbrier Companies during the first quarter worth $54,000. Versant Capital Management Inc increased its position in Greenbrier Companies by 63.0% during the third quarter. Versant Capital Management Inc now owns 1,185 shares of the transportation company’s stock worth $47,000 after acquiring an additional 458 shares during the period. Public Employees Retirement System of Ohio bought a new position in Greenbrier Companies during the second quarter worth about $62,000. State of Wyoming acquired a new stake in Greenbrier Companies in the 1st quarter worth about $149,000. Finally, Tidal Investments LLC acquired a new stake in Greenbrier Companies in the 2nd quarter worth about $216,000. 95.59% of the stock is currently owned by institutional investors.
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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