The Greenbrier Companies, Inc. (NYSE:GBX - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday after Bank of America raised their price target on the stock from $42.00 to $50.00. Bank of America currently has an underperform rating on the stock. Greenbrier Companies traded as high as $60.23 and last traded at $59.30, with a volume of 36633 shares traded. The stock had previously closed at $60.03.
A number of other analysts have also weighed in on the company. Susquehanna upped their target price on Greenbrier Companies from $63.00 to $65.00 and gave the stock a "positive" rating in a report on Monday. StockNews.com downgraded Greenbrier Companies from a "hold" rating to a "sell" rating in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, Greenbrier Companies presently has a consensus rating of "Hold" and an average target price of $60.00.
Read Our Latest Analysis on Greenbrier Companies
Insider Activity at Greenbrier Companies
In other Greenbrier Companies news, SVP Laurie R. Dornan sold 5,935 shares of the business's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total transaction of $302,210.20. Following the transaction, the senior vice president now owns 23,226 shares of the company's stock, valued at approximately $1,182,667.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.54% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Greenbrier Companies
Several institutional investors and hedge funds have recently bought and sold shares of GBX. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Greenbrier Companies by 1.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company's stock valued at $80,111,000 after buying an additional 18,552 shares during the period. Encompass Capital Advisors LLC acquired a new position in Greenbrier Companies in the second quarter valued at about $19,820,000. LSV Asset Management boosted its stake in Greenbrier Companies by 12.9% during the second quarter. LSV Asset Management now owns 246,233 shares of the transportation company's stock worth $12,201,000 after buying an additional 28,100 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Greenbrier Companies during the second quarter valued at about $8,126,000. Finally, Millennium Management LLC raised its stake in shares of Greenbrier Companies by 77.4% in the 2nd quarter. Millennium Management LLC now owns 144,221 shares of the transportation company's stock valued at $7,146,000 after acquiring an additional 62,911 shares during the period. 95.59% of the stock is currently owned by institutional investors and hedge funds.
Greenbrier Companies Stock Performance
The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. The firm's fifty day moving average price is $49.58 and its 200 day moving average price is $49.93.
Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.60. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. Greenbrier Companies's revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Analysts forecast that The Greenbrier Companies, Inc. will post 4.35 EPS for the current fiscal year.
Greenbrier Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies's dividend payout ratio (DPR) is currently 31.41%.
About Greenbrier Companies
(
Get Free Report)
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.
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