Wednesday, July 4, 2018

Greenbrier Companies (GBX) Given a $55.00 Price Target by Wells Fargo & Co Analysts

Wells Fargo & Co set a $55.00 price target on Greenbrier Companies (NYSE:GBX) in a report released on Monday morning. The brokerage currently has a hold rating on the transportation company’s stock.

GBX has been the subject of a number of other reports. Zacks Investment Research raised shares of Greenbrier Companies from a hold rating to a buy rating and set a $56.00 price objective for the company in a research note on Thursday, March 8th. ValuEngine lowered shares of Greenbrier Companies from a strong-buy rating to a buy rating in a research report on Wednesday, March 7th. Stifel Nicolaus reduced their price target on shares of Greenbrier Companies from $55.00 to $54.00 and set a buy rating for the company in a research report on Sunday, April 8th. Finally, Cowen reissued a buy rating and issued a $58.00 price target on shares of Greenbrier Companies in a research report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $58.25.

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GBX stock opened at $54.10 on Monday. The company has a quick ratio of 1.95, a current ratio of 2.82 and a debt-to-equity ratio of 0.45. Greenbrier Companies has a one year low of $41.45 and a one year high of $54.46. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.29 and a beta of 1.61.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Friday, June 29th. The transportation company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.16. Greenbrier Companies had a net margin of 5.92% and a return on equity of 10.89%. The company had revenue of $641.40 million during the quarter, compared to analyst estimates of $668.52 million. During the same period in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 46.0% on a year-over-year basis. sell-side analysts predict that Greenbrier Companies will post 4.3 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 9th. Stockholders of record on Thursday, July 19th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Wednesday, July 18th. Greenbrier Companies’s dividend payout ratio (DPR) is 26.60%.

In other news, EVP Mark J. Rittenbaum sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $47.68, for a total value of $476,800.00. Following the completion of the sale, the executive vice president now directly owns 68,726 shares of the company’s stock, valued at $3,276,855.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark J. Rittenbaum sold 2,100 shares of the stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $49.58, for a total transaction of $104,118.00. Following the completion of the sale, the executive vice president now directly owns 71,892 shares of the company’s stock, valued at $3,564,405.36. The disclosure for this sale can be found here. Insiders sold 25,100 shares of company stock valued at $1,168,428 over the last three months. 2.46% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in Greenbrier Companies during the fourth quarter valued at approximately $512,000. Swiss National Bank raised its position in Greenbrier Companies by 3.6% during the fourth quarter. Swiss National Bank now owns 48,500 shares of the transportation company’s stock valued at $2,585,000 after acquiring an additional 1,700 shares in the last quarter. Arizona State Retirement System raised its position in Greenbrier Companies by 225.9% during the fourth quarter. Arizona State Retirement System now owns 48,239 shares of the transportation company’s stock valued at $2,571,000 after acquiring an additional 33,439 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Greenbrier Companies by 68.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,556 shares of the transportation company’s stock valued at $456,000 after acquiring an additional 3,490 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Greenbrier Companies by 15.7% during the fourth quarter. Rhumbline Advisers now owns 70,918 shares of the transportation company’s stock valued at $3,780,000 after acquiring an additional 9,605 shares in the last quarter.

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.

Analyst Recommendations for Greenbrier Companies (NYSE:GBX)

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