Greenbrier Companies (NYSE:GBX) Stock Rating Upgraded by Zacks Research

Greenbrier Companies (NYSE:GBX) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also issued reports on GBX. Wall Street Zen lowered shares of Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 1st. The Goldman Sachs Group initiated coverage on shares of Greenbrier Companies in a report on Friday, November 21st. They issued a “sell” rating and a $38.00 price target on the stock. Susquehanna cut their price objective on Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating for the company in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Greenbrier Companies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $50.67.

Greenbrier Companies Stock Up 1.5%

Shares of GBX opened at $47.24 on Monday. The firm has a 50 day simple moving average of $44.66 and a two-hundred day simple moving average of $46.28. The company has a market cap of $1.47 billion, a P/E ratio of 7.50, a P/E/G ratio of 2.02 and a beta of 1.68. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.43 and a quick ratio of 1.38. Greenbrier Companies has a one year low of $37.77 and a one year high of $71.06.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Wednesday, May 31st. The transportation company reported $0.05 EPS for the quarter. The firm had revenue of $766.50 million for the quarter. Greenbrier Companies had a return on equity of 12.90% and a net margin of 6.30%. Research analysts forecast that Greenbrier Companies will post 5.9 EPS for the current fiscal year.

Institutional Trading of Greenbrier Companies

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Greenbrier Companies by 1.3% in the third quarter. Vanguard Group Inc. now owns 3,894,314 shares of the transportation company’s stock valued at $179,800,000 after purchasing an additional 51,624 shares during the last quarter. First Trust Advisors LP increased its position in shares of Greenbrier Companies by 65.7% in the second quarter. First Trust Advisors LP now owns 872,748 shares of the transportation company’s stock valued at $40,190,000 after buying an additional 346,039 shares in the last quarter. Millennium Management LLC raised its position in shares of Greenbrier Companies by 260.2% during the 1st quarter. Millennium Management LLC now owns 741,760 shares of the transportation company’s stock worth $37,993,000 after purchasing an additional 535,843 shares during the last quarter. LSV Asset Management lifted its holdings in Greenbrier Companies by 1.8% in the 3rd quarter. LSV Asset Management now owns 667,002 shares of the transportation company’s stock valued at $30,795,000 after purchasing an additional 11,538 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Greenbrier Companies by 26.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 642,992 shares of the transportation company’s stock worth $29,687,000 after purchasing an additional 132,487 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

About Greenbrier Companies

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.