Greenbrier Companies (NYSE:GBX) Price Target Raised to $62.00

Greenbrier Companies (NYSE:GBX) had its price target lifted by Bank of America from $60.00 to $62.00 in a report published on Thursday morning,Benzinga reports. They currently have an underperform rating on the transportation company’s stock.

Separately, Susquehanna raised their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Greenbrier Companies has a consensus rating of “Hold” and a consensus price target of $63.00.

Greenbrier Companies Trading Up 3.8 %

Shares of Greenbrier Companies stock opened at $62.72 on Thursday. Greenbrier Companies has a 1 year low of $41.40 and a 1 year high of $69.12. The company’s fifty day simple moving average is $64.67 and its 200-day simple moving average is $54.69. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.96 and a beta of 1.54. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.91.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Wednesday, January 8th. The transportation company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. The business had revenue of $875.90 million during the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. Greenbrier Companies’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. As a group, sell-side analysts expect that Greenbrier Companies will post 5.2 EPS for the current year.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Wednesday, January 29th. Greenbrier Companies’s dividend payout ratio (DPR) is currently 20.94%.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,976 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $58.00, for a total value of $114,608.00. Following the transaction, the senior vice president now owns 33,776 shares of the company’s stock, valued at approximately $1,959,008. The trade was a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William J. Krueger sold 2,389 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following the sale, the chief operating officer now owns 50,714 shares in the company, valued at $3,191,939.16. The trade was a 4.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,703 shares of company stock valued at $790,338 in the last ninety days. Insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Greenbrier Companies

A number of institutional investors have recently modified their holdings of GBX. Canada Pension Plan Investment Board bought a new position in Greenbrier Companies in the 2nd quarter worth approximately $25,000. GAMMA Investing LLC lifted its stake in shares of Greenbrier Companies by 60.9% during the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 207 shares during the period. Gladius Capital Management LP bought a new position in Greenbrier Companies in the third quarter valued at about $32,000. NBC Securities Inc. acquired a new stake in Greenbrier Companies in the third quarter worth about $55,000. Finally, Meeder Asset Management Inc. acquired a new stake in Greenbrier Companies in the second quarter worth about $67,000. 95.59% of the stock is owned by 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.