Bank of America Boosts Greenbrier Companies (NYSE:GBX) Price Target to $50.00

Greenbrier Companies (NYSE:GBX) had its target price hoisted by equities researchers at Bank of America from $42.00 to $50.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “underperform” rating on the transportation company’s stock. Bank of America‘s price target suggests a potential downside of 2.80% from the company’s current price.

GBX has been the topic of several other reports. StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Susquehanna lifted their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Greenbrier Companies has an average rating of “Hold” and a consensus price target of $60.00.

Greenbrier Companies Stock Performance

NYSE GBX opened at $51.44 on Thursday. The stock has a 50-day simple moving average of $49.00 and a two-hundred day simple moving average of $49.81. The firm has a market capitalization of $1.60 billion, a P/E ratio of 13.47, a PEG ratio of 0.60 and a beta of 1.53. Greenbrier Companies has a fifty-two week low of $32.00 and a fifty-two week high of $58.00. 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 (NYSE:GBX) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.60. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business earned $0.92 EPS. Greenbrier Companies’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Greenbrier Companies will post 4.35 earnings per share for the current year.

Insider Transactions at Greenbrier Companies

In other news, SVP Laurie R. Dornan sold 5,935 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total transaction of $302,210.20. Following the transaction, the senior vice president now directly owns 23,226 shares in the company, valued at $1,182,667.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Encompass Capital Advisors LLC acquired a new position in Greenbrier Companies in the second quarter valued at approximately $19,820,000. Hennessy Advisors Inc. acquired a new position in Greenbrier Companies in the second quarter valued at approximately $8,126,000. LSV Asset Management lifted its holdings in Greenbrier Companies by 112.4% in the first quarter. LSV Asset Management now owns 218,133 shares of the transportation company’s stock valued at $11,365,000 after acquiring an additional 115,421 shares during the last quarter. Galibier Capital Management Ltd. acquired a new position in Greenbrier Companies in the second quarter valued at approximately $5,175,000. Finally, SG Capital Management LLC acquired a new position in Greenbrier Companies in the first quarter valued at approximately $4,594,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

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.