Greenbrier Companies (NYSE:GBX) Stock Gets Price Target Trim from Bank of America

Greenbrier Companies (NYSE:GBX) had its price target reduced by Bank of America from $42.00 to $38.00 in a report published on Tuesday,Benzinga reports. They currently have an underperform rating on the transportation company’s stock.

Other analysts also recently issued research reports about the company. Wall Street Zen downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Weiss Ratings cut Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. Finally, Susquehanna downgraded Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 target price for the company. in a research report on Thursday, July 2nd. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Greenbrier Companies has a consensus rating of “Strong Sell” and a consensus price target of $42.67.

Greenbrier Companies Stock Up 2.7%

GBX opened at $38.48 on Tuesday. The firm has a 50-day simple moving average of $41.49 and a two-hundred day simple moving average of $48.22. Greenbrier Companies has a 52 week low of $36.35 and a 52 week high of $59.19. The company has a market capitalization of $1.19 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.39 and a beta of 1.45. The company has a quick ratio of 0.34, a current ratio of 2.43 and a debt-to-equity ratio of 1.09.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Monday, October 26th. The transportation company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.41). Greenbrier Companies had a net margin of 3.21% and a return on equity of 4.85%. The firm had revenue of $591.00 million for the quarter, compared to analysts’ expectations of $605.10 million. During the same quarter in the previous year, the business earned $1.26 EPS. The company’s revenue for the quarter was down 22.2% on a year-over-year basis. Analysts forecast that Greenbrier Companies will post 3.30 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 11th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.36 annualized dividend and a dividend yield of 3.5%. Greenbrier Companies’s payout ratio is currently 54.84%.

Institutional Trading of Greenbrier Companies

Several hedge funds and other institutional investors have recently bought and sold shares of GBX. Inspire Investing LLC lifted its stake in Greenbrier Companies by 12.6% in the third quarter. Inspire Investing LLC now owns 15,475 shares of the transportation company’s stock worth $620,000 after purchasing an additional 1,732 shares during the last quarter. Royal Fund Management LLC boosted its position in shares of Greenbrier Companies by 11.0% during the third quarter. Royal Fund Management LLC now owns 88,017 shares of the transportation company’s stock valued at $3,527,000 after buying an additional 8,733 shares during the period. Skylands Capital LLC boosted its position in shares of Greenbrier Companies by 3.3% during the third quarter. Skylands Capital LLC now owns 19,040 shares of the transportation company’s stock valued at $763,000 after buying an additional 600 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in shares of Greenbrier Companies during the third quarter valued at approximately $561,000. Finally, Versant Capital Management Inc grew its stake in shares of Greenbrier Companies by 63.0% during 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. Hedge funds and other institutional investors own 95.59% of the company’s stock.

About Greenbrier Companies

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.