Greenbrier Companies (GBX) Price Target Raised to $56.00 at Buckingham Research

Greenbrier Companies (NYSE:GBX) had its price target lifted by Buckingham Research from $55.00 to $56.00 in a research report released on Monday morning. Buckingham Research currently has a neutral rating on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on the company. KeyCorp increased their target price on Greenbrier Companies from $60.00 to $65.00 and gave the stock an overweight rating in a report on Friday, August 17th. Zacks Investment Research cut Greenbrier Companies from a buy rating to a hold rating in a report on Tuesday, September 25th. Mizuho started coverage on Greenbrier Companies in a report on Wednesday, July 18th. They issued a neutral rating and a $62.00 target price for the company. Cowen reissued a buy rating and issued a $64.00 target price on shares of Greenbrier Companies in a report on Tuesday, July 24th. Finally, Wells Fargo & Co set a $55.00 target price on Greenbrier Companies and gave the stock a hold rating in a report on Monday, July 2nd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Greenbrier Companies has an average rating of Buy and an average price target of $61.25.

Shares of GBX stock traded up $0.75 during mid-day trading on Monday, reaching $48.09. The stock had a trading volume of 12,228 shares, compared to its average volume of 553,053. Greenbrier Companies has a one year low of $43.05 and a one year high of $64.87. The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.57 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.21 and a beta of 1.74.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Friday, October 26th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.23). Greenbrier Companies had a return on equity of 10.07% and a net margin of 6.02%. The company had revenue of $689.20 million during the quarter, compared to analyst estimates of $663.98 million. During the same period in the previous year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Sell-side analysts predict that Greenbrier Companies will post 4.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Wednesday, November 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. Greenbrier Companies’s dividend payout ratio is 24.21%.

A number of hedge funds have recently added to or reduced their stakes in GBX. NEXT Financial Group Inc acquired a new stake in Greenbrier Companies during the 3rd quarter valued at $111,000. Advisors Asset Management Inc. increased its holdings in Greenbrier Companies by 197.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,522 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 2,336 shares in the last quarter. Sun Life Financial INC acquired a new stake in Greenbrier Companies during the 2nd quarter valued at $194,000. CIBC Asset Management Inc acquired a new stake in Greenbrier Companies during the 2nd quarter valued at $200,000. Finally, Amalgamated Bank acquired a new stake in Greenbrier Companies during the 2nd quarter valued at $243,000.

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.

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Analyst Recommendations for Greenbrier Companies (NYSE:GBX)

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