Greenbrier Companies Inc. (GBX) Downgraded to “Sell” at Vetr Inc.
Vetr downgraded shares of Greenbrier Companies Inc. (NYSE:GBX) from a hold rating to a sell rating in a research report released on Monday morning. The firm currently has $35.84 price objective on the stock.
A number of other equities research analysts have also weighed in on the stock. Credit Agricole SA assumed coverage on shares of Greenbrier Companies in a report on Friday, September 30th. They issued an underperform rating and a $35.00 price objective on the stock. Zacks Investment Research lowered shares of Greenbrier Companies from a hold rating to a sell rating in a research note on Monday, September 19th. Wells Fargo & Co. reiterated a hold rating and set a $31.00 price target on shares of Greenbrier Companies in a research note on Monday, September 19th. Standpoint Research reiterated a buy rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Finally, Cowen and Company cut their price target on shares of Greenbrier Companies from $37.00 to $35.00 and set an outperform rating on the stock in a research note on Thursday, July 7th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Greenbrier Companies presently has a consensus rating of Hold and an average price target of $35.20.
Shares of Greenbrier Companies (NYSE:GBX) remained flat at $37.00 on Monday. The stock had a trading volume of 51,886 shares. The company has a market cap of $1.04 billion, a PE ratio of 5.52 and a beta of 2.46. The company has a 50-day moving average of $34.54 and a 200-day moving average of $30.89. Greenbrier Companies has a 12 month low of $19.89 and a 12 month high of $42.04.
In related news, EVP Alejandro Centurion sold 6,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $31.95, for a total transaction of $191,700.00. Following the sale, the executive vice president now owns 12,950 shares of the company’s stock, valued at $413,752.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark J. Rittenbaum sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $32.20, for a total transaction of $161,000.00. Following the sale, the executive vice president now directly owns 95,357 shares in the company, valued at approximately $3,070,495.40. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in GBX. Tower Research Capital LLC TRC bought a new stake in Greenbrier Companies during the second quarter worth approximately $108,000. Teacher Retirement System of Texas increased its stake in Greenbrier Companies by 20.4% in the second quarter. Teacher Retirement System of Texas now owns 3,994 shares of the company’s stock worth $116,000 after buying an additional 678 shares in the last quarter. US Bancorp DE increased its stake in Greenbrier Companies by 35.6% in the second quarter. US Bancorp DE now owns 4,908 shares of the company’s stock worth $143,000 after buying an additional 1,288 shares in the last quarter. Mason Street Advisors LLC bought a new stake in Greenbrier Companies during the second quarter worth approximately $146,000. Finally, Acrospire Investment Management LLC bought a new stake in Greenbrier Companies during the first quarter worth approximately $138,000. 94.58% of the stock is currently owned by hedge funds and other 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.
To view Vetr’s full report, visit Vetr’s official website.
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