Greenbrier Companies, Inc. (The) (NYSE:GBX) Raised to “Buy” at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) from a hold rating to a buy rating in a research note issued to investors on Monday, July 17th, Marketbeat reports. They currently have $51.00 target price on the transportation company’s stock, up from their previous target price of $48.00.

Other analysts also recently issued reports about the stock. Bank of America Corporation upgraded shares of Greenbrier Companies, Inc. (The) from a neutral rating to a buy rating and increased their price target for the company from $49.00 to $59.00 in a research report on Thursday, April 6th. Cowen and Company increased their price target on shares of Greenbrier Companies, Inc. (The) from $50.00 to $57.00 and gave the company an outperform rating in a research report on Friday, April 7th. BidaskClub downgraded shares of Greenbrier Companies, Inc. (The) from a hold rating to a sell rating in a report on Friday, June 23rd. Zacks Investment Research downgraded shares of Greenbrier Companies, Inc. (The) from a buy rating to a hold rating in a report on Wednesday, April 5th. Finally, KeyCorp raised their target price on shares of Greenbrier Companies, Inc. (The) from $50.00 to $60.00 and gave the stock an overweight rating in a report on Friday, April 7th. Five analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Greenbrier Companies, Inc. (The) has a consensus rating of Hold and an average target price of $45.28.

Shares of Greenbrier Companies, Inc. (NYSE:GBX) traded down 0.33% during trading on Monday, hitting $45.90. 246,663 shares of the company were exchanged. The stock has a market cap of $1.31 billion, a P/E ratio of 11.58 and a beta of 1.86. The company’s 50-day moving average price is $45.27 and its 200 day moving average price is $44.69. Greenbrier Companies, Inc. has a 12 month low of $28.95 and a 12 month high of $51.25.

Greenbrier Companies, Inc. (The) (NYSE:GBX) last issued its quarterly earnings data on Thursday, June 29th. The transportation company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.21. The firm had revenue of $439.20 million for the quarter, compared to analyst estimates of $516.17 million. Greenbrier Companies, Inc. (The) had a net margin of 5.85% and a return on equity of 11.74%. The company’s revenue was down 28.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. On average, equities analysts predict that Greenbrier Companies, Inc. will post $3.54 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Tuesday, August 8th. Stockholders of record on Tuesday, July 18th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Friday, July 14th. Greenbrier Companies, Inc. (The)’s dividend payout ratio is currently 22.17%.

In related news, EVP Mark J. Rittenbaum sold 2,100 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $44.75, for a total value of $93,975.00. Following the completion of the transaction, the executive vice president now owns 63,827 shares of the company’s stock, valued at $2,856,258.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Alejandro Centurion sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $43.30, for a total value of $129,900.00. Following the completion of the transaction, the executive vice president now directly owns 17,583 shares of the company’s stock, valued at approximately $761,343.90. The disclosure for this sale can be found here. Insiders have sold 8,100 shares of company stock valued at $353,025 in the last three months. Insiders own 4.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of GBX. Columbus Circle Investors acquired a new position in shares of Greenbrier Companies, Inc. (The) during the first quarter valued at approximately $8,941,000. Louisiana State Employees Retirement System boosted its stake in Greenbrier Companies, Inc. (The) by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the transportation company’s stock valued at $500,000 after buying an additional 200 shares during the period. Alpha Windward LLC purchased a new stake in Greenbrier Companies, Inc. (The) during the first quarter valued at $463,000. Bank of Montreal Can boosted its stake in Greenbrier Companies, Inc. (The) by 4.1% in the first quarter. Bank of Montreal Can now owns 163,300 shares of the transportation company’s stock valued at $7,039,000 after buying an additional 6,431 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Greenbrier Companies, Inc. (The) by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 47,390 shares of the transportation company’s stock valued at $1,969,000 after buying an additional 3,248 shares during the period.

Greenbrier Companies, Inc. (The) Company Profile

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

Analyst Recommendations for Greenbrier Companies, Inc. (The) (NYSE:GBX)

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