Bank of America Boosts Greenbrier Companies (NYSE:GBX) Price Target to $62.00

Greenbrier Companies (NYSE:GBX - Free Report) had its target price lifted by Bank of America from $60.00 to $62.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an underperform rating on the transportation company's stock.

Separately, Susquehanna upped their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a "positive" rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.00.

Greenbrier Companies Price Performance

Shares of NYSE:GBX traded up $0.25 on Thursday, hitting $60.44. The stock had a trading volume of 466,963 shares, compared to its average volume of 388,273. The firm's 50 day moving average price is $64.57 and its 200-day moving average price is $54.53. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 1.58. Greenbrier Companies has a twelve month low of $41.40 and a twelve month high of $69.12. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.96 and a beta of 1.54.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.56. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The firm had revenue of $875.90 million for the quarter, compared to analysts' expectations of $849.51 million. During the same period in the prior year, the firm earned $0.96 earnings per share. The company's quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts predict that Greenbrier Companies will post 5.2 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Wednesday, November 6th. Greenbrier Companies's dividend payout ratio is 24.14%.

Insider Activity

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,976 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $58.00, for a total value of $114,608.00. Following the transaction, the senior vice president now directly owns 33,776 shares of the company's stock, valued at approximately $1,959,008. This trade represents a 5.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William J. Krueger sold 2,000 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the sale, the chief operating officer now owns 48,714 shares of the company's stock, valued at $2,863,408.92. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,703 shares of company stock valued at $790,338. 1.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Greenbrier Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GBX. Canada Pension Plan Investment Board bought a new position in Greenbrier Companies during the second quarter worth about $25,000. GAMMA Investing LLC raised its position in shares of Greenbrier Companies by 60.9% during the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company's stock worth $28,000 after purchasing an additional 207 shares during the period. Gladius Capital Management LP bought a new position in shares of Greenbrier Companies during the 3rd quarter valued at about $32,000. NBC Securities Inc. acquired a new position in shares of Greenbrier Companies in the 3rd quarter valued at approximately $55,000. Finally, Meeder Asset Management Inc. bought a new stake in Greenbrier Companies during the 2nd quarter worth approximately $67,000. Institutional investors own 95.59% of the company's stock.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.