Greenbrier Companies (NYSE:GBX) Earns “Outperform” Rating from Cowen

Cowen reaffirmed their outperform rating on shares of Greenbrier Companies (NYSE:GBX) in a research note published on Thursday morning, Briefing.com Automated Import reports. They currently have a $42.00 price objective on the transportation company’s stock, down from their previous price objective of $48.00.

GBX has been the topic of a number of other research reports. Stifel Nicolaus reaffirmed a buy rating on shares of Canopy Growth in a research report on Wednesday, July 3rd. Bank of America set a $225.00 price target on Tesla and gave the company a sell rating in a research report on Wednesday, July 3rd. Zacks Investment Research cut GENEL ENERGY PL/ADR from a hold rating to a sell rating in a report on Thursday, July 4th. Buckingham Research set a $34.00 price objective on Greenbrier Companies and gave the stock a hold rating in a report on Wednesday, July 3rd. Finally, Wells Fargo & Co increased their price objective on WisdomTree International Dividend Ex-Financials Fund from $47.00 to $54.00 and gave the stock an outperform rating in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $38.88.

GBX stock opened at $28.12 on Thursday. The stock has a fifty day simple moving average of $28.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 2.61. Greenbrier Companies has a 1-year low of $26.75 and a 1-year high of $64.87. The stock has a market capitalization of $913.45 million, a PE ratio of 11.48, a P/E/G ratio of 0.95 and a beta of 1.95.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Tuesday, July 2nd. The transportation company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.07). Greenbrier Companies had a return on equity of 5.81% and a net margin of 2.38%. The business had revenue of $856.20 million during the quarter, compared to analysts’ expectations of $863.24 million. During the same period in the prior year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, equities research analysts forecast that Greenbrier Companies will post 3.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, July 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $1.00 dividend on an annualized basis and a yield of 3.56%. Greenbrier Companies’s dividend payout ratio is currently 24.21%.

In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 7,603 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $35.94, for a total value of $273,251.82. Following the transaction, the executive vice president now directly owns 63,837 shares in the company, valued at approximately $2,294,301.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Martin Raymond Baker sold 2,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.53, for a total value of $71,060.00. Following the completion of the transaction, the senior vice president now owns 26,284 shares in the company, valued at $933,870.52. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in GBX. Bank of New York Mellon Corp increased its position in shares of Greenbrier Companies by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,163,526 shares of the transportation company’s stock worth $46,006,000 after acquiring an additional 47,328 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Greenbrier Companies by 9.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 44,019 shares of the transportation company’s stock worth $1,604,000 after acquiring an additional 3,749 shares in the last quarter. United Services Automobile Association increased its position in shares of Greenbrier Companies by 11.2% in the fourth quarter. United Services Automobile Association now owns 20,309 shares of the transportation company’s stock worth $803,000 after acquiring an additional 2,043 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Greenbrier Companies by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,723,030 shares of the transportation company’s stock worth $107,669,000 after acquiring an additional 260,043 shares in the last quarter. Finally, BOKF NA purchased a new position in shares of Greenbrier Companies in the fourth quarter worth approximately $229,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

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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