Bank of America Forecasts Strong Price Appreciation for Greenbrier Companies (NYSE:GBX) Stock

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

Separately, Susquehanna lifted their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.00.

Greenbrier Companies Stock Up 3.8 %

Shares of Greenbrier Companies stock opened at $62.72 on Thursday. The business has a fifty day simple moving average of $64.67 and a 200 day simple moving average of $54.69. The stock has a market cap of $1.97 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.54. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. Greenbrier Companies has a 12 month low of $41.40 and a 12 month high of $69.12.

Greenbrier Companies (NYSE:GBX) last announced its quarterly 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. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company had revenue of $875.90 million during the quarter, compared to analysts’ expectations of $849.51 million. During the same period in the prior year, the business posted $0.96 EPS. Greenbrier Companies’s revenue was up 8.3% on a year-over-year basis. Research analysts predict 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 will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a $0.30 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $1.20 annualized dividend and a dividend yield of 1.91%. Greenbrier Companies’s dividend payout ratio is presently 20.94%.

Insider Buying and Selling

In other news, SVP Ricardo Galvan sold 4,950 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total value of $321,750.00. Following the sale, the senior vice president now directly owns 27,472 shares in the company, valued at $1,785,680. The trade was a 15.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO William J. Krueger sold 2,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the chief operating officer now owns 48,714 shares of the company’s stock, valued at approximately $2,863,408.92. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,703 shares of company stock valued at $790,338. 1.78% of the stock is owned by corporate insiders.

Institutional Trading of Greenbrier Companies

A number of institutional investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Greenbrier Companies by 1.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,767 shares of the transportation company’s stock valued at $80,111,000 after purchasing an additional 18,552 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Greenbrier Companies by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company’s stock worth $36,237,000 after purchasing an additional 7,886 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Greenbrier Companies by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,923 shares of the transportation company’s stock valued at $32,006,000 after buying an additional 2,536 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Greenbrier Companies by 6.7% in the third quarter. Victory Capital Management Inc. now owns 513,938 shares of the transportation company’s stock valued at $26,154,000 after buying an additional 32,191 shares in the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in Greenbrier Companies during the second quarter worth $19,820,000. Institutional investors own 95.59% of the company’s stock.

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.