Greenbrier Companies Inc (NYSE:GBX) Given Average Rating of “Hold” by Brokerages

Shares of Greenbrier Companies Inc (NYSE:GBX) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $33.33.

A number of research analysts recently commented on the company. Zacks Investment Research cut Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 29th. Cowen decreased their price objective on Greenbrier Companies from $42.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, October 28th. Susquehanna Bancshares cut Greenbrier Companies from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $33.00 to $30.00 in a report on Friday, November 8th. ValuEngine upgraded Greenbrier Companies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Greenbrier Companies in a report on Friday, October 25th.

In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 6,041 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $32.91, for a total transaction of $198,809.31. Following the transaction, the executive vice president now directly owns 63,837 shares in the company, valued at $2,100,875.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark J. Rittenbaum sold 1,774 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $30.26, for a total value of $53,681.24. Following the transaction, the executive vice president now owns 69,878 shares in the company, valued at $2,114,508.28. The disclosure for this sale can be found here. 2.26% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. purchased a new stake in shares of Greenbrier Companies during the first quarter worth $51,000. NEXT Financial Group Inc increased its position in shares of Greenbrier Companies by 30.8% during the second quarter. NEXT Financial Group Inc now owns 1,700 shares of the transportation company’s stock worth $52,000 after acquiring an additional 400 shares during the period. Arizona State Retirement System increased its position in shares of Greenbrier Companies by 0.7% during the second quarter. Arizona State Retirement System now owns 50,269 shares of the transportation company’s stock worth $1,528,000 after acquiring an additional 365 shares during the period. Virginia Retirement Systems ET AL increased its position in shares of Greenbrier Companies by 19.9% during the second quarter. Virginia Retirement Systems ET AL now owns 16,900 shares of the transportation company’s stock worth $514,000 after acquiring an additional 2,800 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Greenbrier Companies by 39.2% during the second quarter. First Trust Advisors LP now owns 75,355 shares of the transportation company’s stock worth $2,291,000 after acquiring an additional 21,234 shares during the period. Institutional investors own 86.80% of the company’s stock.

Shares of GBX stock traded down $0.11 during trading hours on Monday, reaching $30.14. The company had a trading volume of 399,380 shares, compared to its average volume of 196,154. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.20 and a current ratio of 2.31. The stock has a fifty day moving average of $29.59 and a 200-day moving average of $28.15. The company has a market capitalization of $947.57 million, a price-to-earnings ratio of 9.82, a PEG ratio of 1.11 and a beta of 2.12. Greenbrier Companies has a 12-month low of $21.30 and a 12-month high of $45.95.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Friday, October 25th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.07). The company had revenue of $914.20 million during the quarter, compared to analysts’ expectations of $957.40 million. Greenbrier Companies had a net margin of 2.34% and a return on equity of 6.95%. Greenbrier Companies’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. On average, analysts forecast that Greenbrier Companies will post 2.8 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Tuesday, November 12th. Greenbrier Companies’s dividend payout ratio (DPR) is 34.84%.

About Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The 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; 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 Greenbrier Companies (NYSE:GBX)

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