Wells Fargo & Co Lowers Greenbrier Companies (GBX) Price Target to $43.00

Greenbrier Companies (NYSE:GBX) had its price target lowered by Wells Fargo & Co from $52.00 to $43.00 in a report issued on Thursday morning, The Fly reports. The brokerage currently has a market perform rating on the transportation company’s stock.

Several other brokerages have also recently weighed in on GBX. Zacks Investment Research cut Greenbrier Companies from a buy rating to a hold rating in a research note on Tuesday, September 25th. KeyCorp increased their price target on Greenbrier Companies from $65.00 to $68.00 and gave the company an overweight rating in a research note on Tuesday, September 25th. Susquehanna Bancshares upgraded Greenbrier Companies from a neutral rating to a positive rating in a research report on Monday, October 29th. UBS Group upgraded Greenbrier Companies from a neutral rating to a positive rating in a research report on Monday, October 29th. Finally, ValuEngine lowered Greenbrier Companies from a buy rating to a hold rating in a research report on Saturday, October 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $54.50.

Shares of GBX stock opened at $39.54 on Thursday. The stock has a market capitalization of $1.26 billion, a PE ratio of 9.57, a P/E/G ratio of 0.95 and a beta of 1.88. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of 0.35. Greenbrier Companies has a 1-year low of $37.44 and a 1-year high of $64.87.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Wednesday, January 9th. The transportation company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. The company had revenue of $604.50 million during the quarter, compared to analysts’ expectations of $559.43 million. Greenbrier Companies had a return on equity of 8.87% and a net margin of 5.60%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. As a group, research analysts predict that Greenbrier Companies will post 4.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Wednesday, January 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, January 29th. This represents a $1.00 annualized dividend and a dividend yield of 2.53%. Greenbrier Companies’s payout ratio is 24.21%.

In related news, EVP Mark J. Rittenbaum sold 9,954 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $51.30, for a total transaction of $510,640.20. Following the sale, the executive vice president now owns 64,137 shares in the company, valued at approximately $3,290,228.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.76% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in GBX. Schwab Charles Investment Management Inc. boosted its position in shares of Greenbrier Companies by 16.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 293,398 shares of the transportation company’s stock valued at $15,477,000 after purchasing an additional 41,415 shares in the last quarter. Legal & General Group Plc boosted its holdings in Greenbrier Companies by 5.2% in the second quarter. Legal & General Group Plc now owns 61,546 shares of the transportation company’s stock worth $3,128,000 after acquiring an additional 3,041 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Greenbrier Companies by 2.8% in the second quarter. OppenheimerFunds Inc. now owns 487,901 shares of the transportation company’s stock worth $25,736,000 after acquiring an additional 13,435 shares in the last quarter. Zacks Investment Management boosted its holdings in Greenbrier Companies by 3.5% in the second quarter. Zacks Investment Management now owns 43,604 shares of the transportation company’s stock worth $2,300,000 after acquiring an additional 1,464 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Greenbrier Companies by 39.4% in the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the transportation company’s stock worth $340,000 after acquiring an additional 1,823 shares in the last quarter.

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.

Read More: What is Liquidity?

The Fly

Analyst Recommendations for Greenbrier Companies (NYSE:GBX)

Receive News & Ratings for Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply