Greenbrier Companies (NYSE:GBX - Get Free Report) had its price target lowered by stock analysts at Susquehanna from $75.00 to $52.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "positive" rating on the transportation company's stock. Susquehanna's target price indicates a potential upside of 28.11% from the stock's previous close.
Separately, Bank of America raised their price target on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an "underperform" rating in a report on Thursday, January 9th.
Check Out Our Latest Stock Analysis on Greenbrier Companies
Greenbrier Companies Price Performance
GBX stock traded up $0.02 during midday trading on Tuesday, reaching $40.59. 606,822 shares of the company's stock traded hands, compared to its average volume of 369,614. The company has a 50-day simple moving average of $53.87 and a two-hundred day simple moving average of $59.05. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 0.89. Greenbrier Companies has a 1-year low of $37.77 and a 1-year high of $71.06. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.80 and a beta of 1.56.
Greenbrier Companies (NYSE:GBX - Get Free Report) last announced its earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share for the quarter, missing analysts' consensus estimates of $1.78 by ($0.09). Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The business had revenue of $762.10 million during the quarter, compared to analyst estimates of $898.53 million. During the same quarter last year, the business posted $1.03 earnings per share. The business's quarterly revenue was down 11.7% compared to the same quarter last year. On average, analysts anticipate that Greenbrier Companies will post 5.9 earnings per share for the current year.
Insider Buying and Selling at Greenbrier Companies
In related news, COO William J. Krueger sold 2,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $63.21, for a total value of $126,420.00. Following the transaction, the chief operating officer now directly owns 42,714 shares in the company, valued at $2,699,951.94. This represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.78% of the company's stock.
Institutional Trading of Greenbrier Companies
Institutional investors and hedge funds have recently made changes to their positions in the business. Values First Advisors Inc. grew its holdings in shares of Greenbrier Companies by 3.8% in the 4th quarter. Values First Advisors Inc. now owns 4,134 shares of the transportation company's stock valued at $252,000 after buying an additional 151 shares during the period. Alliancebernstein L.P. lifted its holdings in Greenbrier Companies by 0.6% during the fourth quarter. Alliancebernstein L.P. now owns 32,993 shares of the transportation company's stock worth $2,012,000 after acquiring an additional 196 shares in the last quarter. Cullen Investment Group LTD. grew its stake in Greenbrier Companies by 1.0% in the fourth quarter. Cullen Investment Group LTD. now owns 19,675 shares of the transportation company's stock valued at $1,200,000 after acquiring an additional 204 shares during the period. Versant Capital Management Inc increased its holdings in shares of Greenbrier Companies by 44.7% in the first quarter. Versant Capital Management Inc now owns 690 shares of the transportation company's stock worth $35,000 after acquiring an additional 213 shares in the last quarter. Finally, Carolina Wealth Advisors LLC raised its position in shares of Greenbrier Companies by 2.4% during the fourth quarter. Carolina Wealth Advisors LLC now owns 13,859 shares of the transportation company's stock worth $845,000 after purchasing an additional 331 shares during the period. Institutional investors own 95.59% of the company's stock.
About Greenbrier Companies
(
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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.
Further Reading
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