The Greenbrier Companies (GBX) Cut to Hold at Zacks Investment Research

The Greenbrier Companies (NYSE:GBX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, March 12th.

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. “

Several other research analysts have also recently commented on the stock. ValuEngine cut shares of The Greenbrier Companies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Stifel Nicolaus set a $55.00 target price on shares of The Greenbrier Companies and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Seaport Global Securities assumed coverage on shares of The Greenbrier Companies in a report on Thursday, January 4th. They issued a “buy” rating and a $65.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $57.86.

Shares of GBX traded down $1.70 during mid-day trading on Monday, hitting $47.60. The company’s stock had a trading volume of 1,548,034 shares, compared to its average volume of 464,566. The stock has a market capitalization of $1,374.76, a P/E ratio of 12.66, a P/E/G ratio of 1.22 and a beta of 1.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.96 and a quick ratio of 2.04. The Greenbrier Companies has a fifty-two week low of $41.45 and a fifty-two week high of $54.45.

The Greenbrier Companies (NYSE:GBX) last announced its earnings results on Friday, January 5th. The transportation company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. The Greenbrier Companies had a net margin of 5.39% and a return on equity of 10.71%. The company had revenue of $559.50 million during the quarter, compared to analysts’ expectations of $591.05 million. During the same period last year, the company posted $0.79 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. equities research analysts forecast that The Greenbrier Companies will post 4.13 EPS for the current fiscal year.

In related news, EVP Alejandro Centurion sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the executive vice president now directly owns 13,523 shares in the company, valued at $703,196. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.46% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB acquired a new stake in shares of The Greenbrier Companies during the fourth quarter worth approximately $205,000. Eqis Capital Management Inc. acquired a new stake in shares of The Greenbrier Companies during the fourth quarter worth approximately $206,000. Amalgamated Bank acquired a new stake in shares of The Greenbrier Companies during the fourth quarter worth approximately $212,000. Baird Financial Group Inc. acquired a new stake in shares of The Greenbrier Companies during the fourth quarter worth approximately $213,000. Finally, Mengis Capital Management Inc. acquired a new stake in shares of The Greenbrier Companies during the fourth quarter worth approximately $239,000.

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The 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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Analyst Recommendations for The Greenbrier Companies (NYSE:GBX)

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