Greenbrier Companies (NYSE:GBX) Raised to “Sell” at ValuEngine
Several other equities research analysts have also commented on the stock. Wells Fargo & Co lifted their price target on shares of Greenbrier Companies from $17.00 to $22.00 and gave the stock an underweight rating in a research note on Monday, July 13th. Susquehanna Bancshares upgraded shares of Greenbrier Companies from a negative rating to a neutral rating and lifted their price target for the stock from $13.00 to $24.00 in a research note on Monday, July 13th. Cowen lifted their price target on shares of Greenbrier Companies from $25.00 to $30.00 and gave the stock an outperform rating in a research note on Tuesday, June 9th. Zacks Investment Research lowered shares of Greenbrier Companies from a strong-buy rating to a hold rating in a research note on Tuesday, July 14th. Finally, KeyCorp cut their price target on shares of Greenbrier Companies from $38.00 to $30.00 and set an overweight rating on the stock in a research note on Wednesday, April 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Greenbrier Companies presently has a consensus rating of Hold and a consensus price target of $26.00.
GBX stock traded down $1.26 during midday trading on Thursday, hitting $25.73. The company’s stock had a trading volume of 597,481 shares, compared to its average volume of 823,016. The company has a quick ratio of 1.11, a current ratio of 1.86 and a debt-to-equity ratio of 0.55. Greenbrier Companies has a 52-week low of $12.89 and a 52-week high of $34.30. The firm has a market capitalization of $841.40 million, a P/E ratio of 10.17, a PEG ratio of 2.21 and a beta of 1.70. The firm has a 50-day simple moving average of $23.97 and a 200-day simple moving average of $21.77.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, July 29th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, July 28th. Greenbrier Companies’s dividend payout ratio is currently 37.63%.
In other Greenbrier Companies news, CEO William A. Furman bought 100,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was bought at an average price of $16.52 per share, for a total transaction of $1,652,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Duane Charles Mcdougall sold 10,116 shares of Greenbrier Companies stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $26.51, for a total transaction of $268,175.16. Following the transaction, the director now owns 4,784 shares of the company’s stock, valued at approximately $126,823.84. The disclosure for this sale can be found here. 2.26% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank raised its position in Greenbrier Companies by 8.7% during the second quarter. Comerica Bank now owns 34,408 shares of the transportation company’s stock worth $904,000 after acquiring an additional 2,744 shares during the last quarter. Duality Advisers LP acquired a new position in Greenbrier Companies during the second quarter worth about $522,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Greenbrier Companies by 226.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,722 shares of the transportation company’s stock worth $130,000 after acquiring an additional 3,968 shares during the last quarter. ICM Asset Management Inc. WA raised its position in Greenbrier Companies by 12.3% during the second quarter. ICM Asset Management Inc. WA now owns 45,800 shares of the transportation company’s stock worth $1,042,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP raised its position in Greenbrier Companies by 20.3% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 274,680 shares of the transportation company’s stock worth $6,249,000 after acquiring an additional 46,388 shares during the last quarter. Institutional investors own 88.82% 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. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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