Zacks Investment Research upgraded shares of Greenbrier Companies (NYSE:GBX) from a hold rating to a buy rating in a research report report published on Thursday morning. They currently have $56.00 target price 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 subject of a number of other reports. ValuEngine upgraded Greenbrier Companies from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Seaport Global Securities began coverage on Greenbrier Companies in a report on Thursday, January 4th. They set a buy rating and a $65.00 price target for the company. Finally, Stifel Nicolaus set a $55.00 price target on Greenbrier Companies and gave the stock a buy rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Greenbrier Companies presently has an average rating of Buy and an average target price of $58.00.
Greenbrier Companies (NYSE:GBX) last posted its earnings results on Friday, January 5th. The transportation company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Greenbrier Companies had a return on equity of 10.71% and a net margin of 5.39%. The firm had revenue of $559.50 million during the quarter, compared to analyst estimates of $591.05 million. During the same period in the previous year, the company earned $0.79 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. analysts predict that Greenbrier Companies will post 4.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, January 26th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.77%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 24.86%.
In other news, EVP Alejandro Centurion sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the transaction, the executive vice president now directly owns 13,523 shares in the company, valued at $703,196. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.46% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of GBX. LSV Asset Management increased its position in shares of Greenbrier Companies by 33.9% during the fourth quarter. LSV Asset Management now owns 581,427 shares of the transportation company’s stock valued at $30,990,000 after purchasing an additional 147,300 shares during the period. JPMorgan Chase & Co. increased its position in shares of Greenbrier Companies by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 291,016 shares of the transportation company’s stock valued at $14,086,000 after purchasing an additional 3,459 shares during the period. Kalos Management Inc. increased its position in shares of Greenbrier Companies by 5.5% during the third quarter. Kalos Management Inc. now owns 50,727 shares of the transportation company’s stock valued at $2,442,000 after purchasing an additional 2,639 shares during the period. James Investment Research Inc. increased its position in shares of Greenbrier Companies by 121.5% during the fourth quarter. James Investment Research Inc. now owns 79,933 shares of the transportation company’s stock valued at $4,260,000 after purchasing an additional 43,853 shares during the period. Finally, Orca Investment Management LLC bought a new stake in shares of Greenbrier Companies during the fourth quarter valued at approximately $1,599,000.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies and related companies with MarketBeat.com's FREE daily email newsletter.