Wells Fargo & Co. Reiterates Hold Rating for Greenbrier Companies Inc. (GBX)
Greenbrier Companies Inc. (NYSE:GBX)‘s stock had its “hold” rating reissued by Wells Fargo & Co. in a research report issued on Monday. They presently have a $31.00 target price on the stock. Wells Fargo & Co.’s price target would suggest a potential downside of 8.82% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on GBX. Zacks Investment Research cut Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Wednesday, June 8th. Standpoint Research restated a “buy” rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Cowen and Company decreased their price objective on Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, July 7th. Finally, Longbow Research cut Greenbrier Companies from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Greenbrier Companies has a consensus rating of “Hold” and a consensus price target of $35.14.
Greenbrier Companies (NYSE:GBX) opened at 34.00 on Monday. The firm has a 50-day moving average price of $33.33 and a 200 day moving average price of $30.04. The stock has a market capitalization of $958.94 million, a PE ratio of 5.08 and a beta of 2.66. Greenbrier Companies has a 12 month low of $19.89 and a 12 month high of $42.04.
Greenbrier Companies (NYSE:GBX) last issued its earnings results on Wednesday, July 6th. The company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Greenbrier Companies had a return on equity of 23.41% and a net margin of 7.60%. The business earned $612.90 million during the quarter. During the same quarter in the prior year, the company posted $1.49 earnings per share. Greenbrier Companies’s quarterly revenue was down 14.2% compared to the same quarter last year. Equities analysts anticipate that Greenbrier Companies will post $5.81 earnings per share for the current year.
In related news, EVP James T. Sharp sold 3,000 shares of the company’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the transaction, the executive vice president now directly owns 3,487 shares of the company’s stock, valued at approximately $104,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James T. Sharp sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $30.44, for a total value of $152,200.00. Following the transaction, the executive vice president now directly owns 3,487 shares in the company, valued at $106,144.28. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its position in shares of Greenbrier Companies by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,660,249 shares of the company’s stock valued at $45,889,000 after buying an additional 10,449 shares in the last quarter. Royal Bank of Canada raised its position in shares of Greenbrier Companies by 9.4% in the first quarter. Royal Bank of Canada now owns 1,510,952 shares of the company’s stock valued at $41,762,000 after buying an additional 129,483 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Greenbrier Companies by 236.8% in the first quarter. Prudential Financial Inc. now owns 195,747 shares of the company’s stock valued at $5,410,000 after buying an additional 137,621 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Greenbrier Companies by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 170,628 shares of the company’s stock valued at $4,716,000 after buying an additional 118,290 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Greenbrier Companies during the fourth quarter valued at about $11,726,000. 94.55% of the stock is currently owned by institutional investors.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc (Greenbrier), formerly Greenbrier Co Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services.
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