Bank of America Issues Positive Forecast for Greenbrier Companies (NYSE:GBX) Stock Price

Greenbrier Companies (NYSE:GBX) had its price objective boosted by equities research analysts at Bank of America from $60.00 to $62.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “underperform” rating on the transportation company’s stock. Bank of America‘s price target would indicate a potential upside of 2.58% from the stock’s previous close.

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

Greenbrier Companies Stock Up 0.4 %

Shares of GBX traded up $0.25 during midday trading on Thursday, hitting $60.44. The stock had a trading volume of 466,963 shares, compared to its average volume of 388,273. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.96 and a beta of 1.54. The company has a 50 day simple moving average of $64.57 and a two-hundred day simple moving average of $54.53. Greenbrier Companies has a twelve month low of $41.40 and a twelve month high of $69.12.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, January 8th. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.16 by $0.56. The firm had revenue of $875.90 million for the quarter, compared to analysts’ expectations of $849.51 million. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 EPS. On average, analysts anticipate that Greenbrier Companies will post 5.2 EPS for the current year.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, SVP Ricardo Galvan sold 4,950 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total transaction of $321,750.00. Following the completion of the sale, the senior vice president now owns 27,472 shares of the company’s stock, valued at $1,785,680. This trade represents a 15.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the sale, the chief operating officer now directly owns 48,714 shares of the company’s stock, valued at $2,863,408.92. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over 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

Several hedge funds have recently added to or reduced their stakes in GBX. Canada Pension Plan Investment Board acquired a new stake in shares of Greenbrier Companies during the second quarter worth $25,000. GAMMA Investing LLC increased its position in Greenbrier Companies by 60.9% during the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock worth $28,000 after acquiring an additional 207 shares during the period. Gladius Capital Management LP bought a new position in Greenbrier Companies during the third quarter worth about $32,000. NBC Securities Inc. acquired a new stake in Greenbrier Companies in the 3rd quarter worth about $55,000. Finally, Meeder Asset Management Inc. bought a new stake in Greenbrier Companies in the 2nd quarter valued at about $67,000. 95.59% of the stock is 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.