Greenbrier Companies (NYSE:GBX) PT Raised to $50.00

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

Several other research firms have also recently weighed in on GBX. StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Susquehanna lifted their price target on shares of 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 issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $60.00.

Greenbrier Companies Stock Performance

NYSE:GBX opened at $61.15 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. Greenbrier Companies has a fifty-two week low of $32.20 and a fifty-two week high of $61.54. The firm has a market cap 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. The business has a 50 day moving average price of $49.58 and a 200-day moving average price of $49.90.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.60. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Equities research analysts predict that Greenbrier Companies will post 4.35 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

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 given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.96%. Greenbrier Companies’s dividend payout ratio is presently 31.41%.

Insider Buying and Selling

In other news, SVP Laurie R. Dornan sold 5,935 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total transaction of $302,210.20. Following the sale, the senior vice president now owns 23,226 shares in the company, valued at approximately $1,182,667.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Hodges Capital Management Inc. purchased a new position in shares of Greenbrier Companies during the first quarter valued at approximately $3,608,000. Hennion & Walsh Asset Management Inc. purchased a new position in Greenbrier Companies during the first quarter valued at $256,000. Hexagon Capital Partners LLC bought a new stake in Greenbrier Companies in the first quarter worth $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Greenbrier Companies in the first quarter worth $3,840,000. Finally, Tradewinds Capital Management LLC bought a new position in shares of Greenbrier Companies during the first quarter valued at $78,000. 95.59% of the stock is owned by hedge funds and other 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.