Greenbrier Companies (NYSE:GBX) PT Raised to $50.00

Greenbrier Companies (NYSE:GBX - Free Report) had its target price lifted by Bank of America from $42.00 to $50.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has an underperform rating on the transportation company's stock.

A number of other research analysts have also weighed in on GBX. StockNews.com lowered Greenbrier Companies from a "hold" rating to a "sell" rating in a research report on Friday, August 23rd. Susquehanna raised their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the company a "positive" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to MarketBeat, Greenbrier Companies currently has an average rating of "Hold" and an average target price of $60.00.

Greenbrier Companies Stock Up 16.7 %

Shares of NYSE:GBX traded up $8.58 during trading on Thursday, hitting $60.03. The stock had a trading volume of 1,262,354 shares, compared to its average volume of 322,644. Greenbrier Companies has a 12 month low of $32.00 and a 12 month high of $60.12. The company has a market capitalization of $1.87 billion, a PE ratio of 15.09, a PEG ratio of 0.60 and a beta of 1.53. The firm's fifty day moving average is $49.00 and its 200 day moving average is $49.81. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98.

Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.60. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the company earned $0.92 EPS. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. Analysts anticipate that Greenbrier Companies will post 4.35 EPS for the current fiscal year.

Greenbrier Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 6th. This represents a $1.20 annualized dividend and a yield of 2.00%. Greenbrier Companies's dividend payout ratio is 31.41%.

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies news, SVP Laurie R. Dornan sold 5,935 shares of the 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 sale, the senior vice president now directly owns 23,226 shares in the company, valued at approximately $1,182,667.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.54% of the company's stock.

Hedge Funds Weigh In On Greenbrier Companies

Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in shares of Greenbrier Companies in the 1st quarter worth $590,000. First Hawaiian Bank bought a new position in Greenbrier Companies in the 2nd quarter worth $801,000. ClariVest Asset Management LLC raised its holdings in Greenbrier Companies by 118,372.2% in the 1st quarter. ClariVest Asset Management LLC now owns 21,325 shares of the transportation company's stock worth $1,111,000 after purchasing an additional 21,307 shares during the period. Hodges Capital Management Inc. bought a new position in Greenbrier Companies in the 1st quarter worth $3,608,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Greenbrier Companies in the 1st quarter worth $3,840,000. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

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.