Greenbrier Companies (NYSE:GBX) Price Target Raised to $62.00

Greenbrier Companies (NYSE:GBX) had its price objective raised by research analysts at Bank of America from $60.00 to $62.00 in a 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 indicates a potential upside of 2.58% from the stock’s previous close.

Separately, Susquehanna boosted their price target on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research note 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. Based on data from MarketBeat.com, Greenbrier Companies has a consensus rating of “Hold” and a consensus target price of $63.00.

Greenbrier Companies Stock Performance

Shares of NYSE:GBX traded up $0.25 during trading on Thursday, hitting $60.44. 466,963 shares of the stock were exchanged, compared to its average volume of 388,273. The company has a market capitalization 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 debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 1.58. Greenbrier Companies has a 1-year low of $41.40 and a 1-year high of $69.12. The company’s fifty day simple moving average is $64.57 and its 200-day simple moving average is $54.53.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (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 analyst estimates of $849.51 million. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Sell-side analysts expect that Greenbrier Companies will post 5.2 EPS for the current fiscal year.

Insider Activity at Greenbrier Companies

In related news, SVP Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $62.00, for a total value of $86,056.00. Following the completion of the sale, the senior vice president now directly owns 32,388 shares in the company, valued at $2,008,056. This trade represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William J. Krueger sold 2,389 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $62.94, for a total transaction of $150,363.66. Following the transaction, the chief operating officer now owns 50,714 shares in the company, valued at approximately $3,191,939.16. The trade was a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,703 shares of company stock valued at $790,338 in the last three months. Corporate insiders own 1.78% of the company’s stock.

Institutional Trading of Greenbrier Companies

A number of institutional investors have recently bought and sold shares of GBX. Canada Pension Plan Investment Board bought a new position in Greenbrier Companies during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC grew its holdings in shares of Greenbrier Companies by 60.9% in the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after buying an additional 207 shares during the period. Gladius Capital Management LP bought a new stake in shares of Greenbrier Companies in the 3rd quarter valued at $32,000. NBC Securities Inc. acquired a new stake in Greenbrier Companies during the 3rd quarter worth $55,000. Finally, Meeder Asset Management Inc. acquired a new stake in Greenbrier Companies during the 2nd quarter worth $67,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

About Greenbrier Companies

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.