Greenbrier Companies (NYSE:GBX) Price Target Raised to $50.00

Greenbrier Companies (NYSE:GBX) had its target price boosted by Bank of America from $42.00 to $50.00 in a research report released on Thursday, Benzinga reports. Bank of America currently has an underperform rating on the transportation company’s stock.

Other equities research analysts have also recently issued research reports about the company. Susquehanna raised their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. StockNews.com cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Two analysts have rated the stock with a sell rating and three have issued 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 Up 1.9 %

GBX opened at $61.15 on Thursday. The stock has a market capitalization of $1.90 billion, a P/E ratio of 16.01, a P/E/G ratio of 0.63 and a beta of 1.53. Greenbrier Companies has a 12 month low of $32.20 and a 12 month high of $61.54. The business has a 50 day simple moving average of $49.58 and a 200-day simple moving average of $49.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85.

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 analysts’ consensus estimates of $1.32 by $0.60. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities analysts anticipate that Greenbrier Companies will post 4.35 earnings per share for the current fiscal year.

Greenbrier Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio is presently 31.41%.

Insider Transactions at Greenbrier Companies

In other news, SVP Laurie R. Dornan sold 5,935 shares of Greenbrier Companies 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 sale, the senior vice president now owns 23,226 shares of the company’s stock, valued at approximately $1,182,667.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.54% of the company’s stock.

Hedge Funds Weigh In On Greenbrier Companies

A number of hedge funds have recently modified their holdings of GBX. GAMMA Investing LLC grew its holdings in shares of Greenbrier Companies by 60.9% during the third quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after buying an additional 207 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Greenbrier Companies by 1.5% in the first quarter. Commonwealth Equity Services LLC now owns 15,379 shares of the transportation company’s stock worth $801,000 after buying an additional 224 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Greenbrier Companies by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the transportation company’s stock worth $846,000 after buying an additional 284 shares during the period. Louisiana State Employees Retirement System raised its holdings in Greenbrier Companies by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the transportation company’s stock worth $778,000 after acquiring an additional 300 shares during the period. Finally, Texas Permanent School Fund Corp lifted its position in Greenbrier Companies by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 27,211 shares of the transportation company’s stock worth $1,418,000 after acquiring an additional 356 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

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.