Greenbrier Companies (NYSE:GBX) Reaches New 52-Week Low – Here’s Why

Shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) hit a new 52-week low during trading on Thursday. The company traded as low as $38.06 and last traded at $37.8760, with a volume of 23,325 shares. The stock had previously closed at $38.78.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings downgraded Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Susquehanna downgraded Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Thursday, July 2nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Greenbrier Companies has a consensus rating of “Reduce” and an average price target of $45.00.

Greenbrier Companies Price Performance

The business’s 50-day moving average price is $43.79 and its two-hundred day moving average price is $47.43. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 11.43 and a beta of 1.45.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Atlas FRM LLC acquired a new stake in shares of Greenbrier Companies during the 2nd quarter valued at approximately $38,599,688. Donald Smith & CO. Inc. bought a new position in Greenbrier Companies during the second quarter worth $31,987,000. Deprince Race & Zollo Inc. acquired a new position in Greenbrier Companies in the first quarter worth $20,312,000. Bank of New York Mellon Corp acquired a new position in Greenbrier Companies in the second quarter worth $18,324,000. Finally, Empowered Funds LLC bought a new stake in Greenbrier Companies during the second quarter valued at $7,009,000. 95.59% of the stock is owned by institutional investors and hedge funds.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc is a transportation equipment manufacturer and services provider focused primarily on the freight rail industry. The company designs, manufactures, and markets a broad range of railcars used to transport commodities and industrial products, including covered hoppers, tank cars, gondolas, boxcars, and intermodal equipment.

Greenbrier also provides railcar leasing and fleet management services, as well as repair, refurbishment, maintenance, parts, and wheel services.