Published On: Tue, Sep 20th, 2016

Greenbrier Companies Inc. (GBX) Earns “Hold” Rating from Wells Fargo & Co.

Greenbrier Companies Inc. (NYSE:GBX)‘s stock had its “hold” rating reaffirmed by analysts at Wells Fargo & Co. in a report released on Monday. They currently have a $31.00 price target on the stock. Wells Fargo & Co.’s price objective would indicate a potential downside of 7.88% from the company’s current price.
GBX has been the subject of several other research reports. Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, June 7th. Cowen and Company reduced their price objective on shares of Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, July 7th. Longbow Research cut shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a research note on Monday, June 20th. Finally, Standpoint Research reaffirmed a “buy” rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Greenbrier Companies has an average rating of “Hold” and an average target price of $35.14.

Greenbrier Companies (NYSE:GBX) traded up 0.72% during trading on Monday, hitting $33.65. 452,339 shares of the stock traded hands. Greenbrier Companies has a 12 month low of $19.89 and a 12 month high of $42.04. The stock has a market cap of $949.06 million, a PE ratio of 5.02 and a beta of 2.66. The company has a 50-day moving average price of $33.28 and a 200-day moving average price of $29.99.

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Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, July 6th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.03. Greenbrier Companies had a net margin of 7.60% and a return on equity of 23.41%. The company had revenue of $612.90 million for the quarter. During the same period last year, the firm earned $1.49 EPS. The business’s revenue for the quarter was down 14.2% on a year-over-year basis. Equities research analysts expect that Greenbrier Companies will post $5.81 EPS for the current year.
In other news, EVP James T. Sharp sold 3,000 shares of the company’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the completion of the sale, the executive vice president now owns 3,487 shares of the company’s stock, valued at approximately $104,610. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark J. Rittenbaum sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $32.20, for a total transaction of $161,000.00. Following the completion of the sale, the executive vice president now directly owns 95,357 shares of the company’s stock, valued at approximately $3,070,495.40. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in GBX. Tower Research Capital LLC TRC purchased a new stake in Greenbrier Companies during the second quarter worth approximately $108,000. Teacher Retirement System of Texas raised its stake in Greenbrier Companies by 20.4% in the second quarter. Teacher Retirement System of Texas now owns 3,994 shares of the company’s stock worth $116,000 after buying an additional 678 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in Greenbrier Companies during the first quarter worth approximately $138,000. US Bancorp DE raised its stake in Greenbrier Companies by 35.6% in the second quarter. US Bancorp DE now owns 4,908 shares of the company’s stock worth $143,000 after buying an additional 1,288 shares in the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in Greenbrier Companies during the second quarter worth approximately $146,000. 94.55% of the stock is owned by institutional investors.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc (Greenbrier), formerly Greenbrier Co Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services.

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