Wells Fargo & Co Trims Greenbrier Companies (GBX) Target Price to $52.00

Greenbrier Companies (NYSE:GBX) had its price target trimmed by Wells Fargo & Co from $55.00 to $52.00 in a research note published on Monday morning. The brokerage currently has a hold rating on the transportation company’s stock.

A number of other research firms have also commented on GBX. Zacks Investment Research lowered shares of Greenbrier Companies from a buy rating to a hold rating in a research note on Tuesday, September 25th. KeyCorp upped their price objective on shares of Greenbrier Companies from $65.00 to $68.00 and gave the company an overweight rating in a research note on Tuesday, September 25th. Cowen reaffirmed a buy rating and issued a $64.00 price objective on shares of Greenbrier Companies in a research note on Tuesday, July 24th. Mizuho initiated coverage on shares of Greenbrier Companies in a research note on Wednesday, July 18th. They set a neutral rating and a $62.00 target price on the stock. Finally, ValuEngine raised shares of Greenbrier Companies from a hold rating to a buy rating in a research note on Monday, July 2nd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Greenbrier Companies currently has a consensus rating of Buy and an average price target of $60.38.

NYSE:GBX opened at $47.45 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.86 and a current ratio of 2.76. Greenbrier Companies has a 52 week low of $43.05 and a 52 week high of $64.87. The firm has a market capitalization of $1.55 billion, a PE ratio of 11.49, a PEG ratio of 1.17 and a beta of 1.74.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Friday, October 26th. The transportation company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.23). Greenbrier Companies had a net margin of 6.02% and a return on equity of 10.07%. The firm had revenue of $689.20 million during the quarter, compared to the consensus estimate of $663.98 million. During the same period in the prior year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts forecast that Greenbrier Companies will post 4.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Wednesday, November 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.11%. The ex-dividend date is Tuesday, November 13th. Greenbrier Companies’s dividend payout ratio is presently 24.21%.

A number of hedge funds and other institutional investors have recently modified their holdings of GBX. Dimensional Fund Advisors LP boosted its stake in Greenbrier Companies by 14.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,159,568 shares of the transportation company’s stock worth $113,908,000 after acquiring an additional 271,364 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Greenbrier Companies during the second quarter worth $11,501,000. Scopus Asset Management L.P. bought a new position in Greenbrier Companies during the second quarter worth $9,071,000. Dalton Greiner Hartman Maher & Co. boosted its stake in Greenbrier Companies by 23.3% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 693,009 shares of the transportation company’s stock worth $36,556,000 after acquiring an additional 130,823 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Greenbrier Companies during the third quarter worth $6,673,000.

About Greenbrier Companies

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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