Greenbrier Companies (NYSE:GBX) Given New $50.00 Price Target at Bank of America

Greenbrier Companies (NYSE:GBX) had its price target boosted by Bank of America from $42.00 to $50.00 in a research note published on Thursday, Benzinga reports. The firm currently has an underperform rating on the transportation company’s stock.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Susquehanna raised their price target on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.00.

Greenbrier Companies Price Performance

Shares of NYSE:GBX opened at $61.15 on Thursday. The firm’s 50 day moving average price is $49.58 and its 200-day moving average price is $49.90. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.90 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 0.63 and a beta of 1.53. Greenbrier Companies has a twelve month low of $32.20 and a twelve month high of $61.54.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $0.92 earnings per share. Greenbrier Companies’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities research analysts expect that Greenbrier Companies will post 4.35 EPS for the current year.

Greenbrier Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies’s payout ratio is presently 31.41%.

Insiders Place Their Bets

In related news, SVP Laurie R. Dornan sold 5,935 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total value of $302,210.20. Following the completion of the transaction, the senior vice president now directly owns 23,226 shares of the company’s stock, valued at approximately $1,182,667.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.54% of the company’s stock.

Hedge Funds Weigh In On Greenbrier Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hexagon Capital Partners LLC purchased a new position in Greenbrier Companies in the first quarter worth about $26,000. Canada Pension Plan Investment Board purchased a new stake in Greenbrier Companies during the 2nd quarter valued at $25,000. GAMMA Investing LLC lifted its position in Greenbrier Companies by 60.9% in the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock worth $28,000 after buying an additional 207 shares during the last quarter. NBC Securities Inc. purchased a new position in Greenbrier Companies during the third quarter worth $55,000. Finally, Meeder Asset Management Inc. bought a new position in Greenbrier Companies during the second quarter valued at $67,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

About Greenbrier Companies

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.