Brokerages Set The Greenbrier Companies, Inc. (NYSE:GBX) Price Target at $60.00

The Greenbrier Companies, Inc. (NYSE:GBX) has earned a consensus rating of “Moderate Buy” from the four ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $60.00.

Several equities research analysts recently weighed in on the company. StockNews.com downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Bank of America increased their price target on Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, October 24th. Finally, Susquehanna increased their price target on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st.

Greenbrier Companies Price Performance

GBX stock opened at $65.70 on Friday. The company has a market capitalization of $2.06 billion, a P/E ratio of 13.22, a PEG ratio of 1.97 and a beta of 1.53. Greenbrier Companies has a twelve month low of $41.40 and a twelve month high of $69.12. The business has a 50 day simple moving average of $62.26 and a 200-day simple moving average of $53.36. 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 quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.60. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Greenbrier Companies will post 5.2 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Wednesday, November 6th. Greenbrier Companies’s payout ratio is 24.14%.

Insiders Place Their Bets

In other news, SVP Ricardo Galvan sold 1,388 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.00, for a total value of $86,056.00. Following the completion of the transaction, the senior vice president now owns 32,388 shares in the company, valued at $2,008,056. This trade represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO William J. Krueger sold 2,389 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $62.94, for a total value of $150,363.66. Following the completion of the transaction, the chief operating officer now owns 50,714 shares of the company’s stock, valued at approximately $3,191,939.16. This represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,703 shares of company stock worth $790,338. 1.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new stake in Greenbrier Companies during the 2nd quarter worth about $25,000. GAMMA Investing LLC increased its position in Greenbrier Companies by 60.9% during the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock worth $28,000 after purchasing an additional 207 shares in the last quarter. Gladius Capital Management LP purchased a new stake in Greenbrier Companies during the 3rd quarter worth about $32,000. NBC Securities Inc. purchased a new stake in Greenbrier Companies during the 3rd quarter worth about $55,000. Finally, Meeder Asset Management Inc. purchased a new stake in Greenbrier Companies during the 2nd quarter worth about $67,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

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.