Greenbrier Companies (NYSE:GBX) Lifted to Hold at StockNews.com

Posted by on Apr 12th, 2023

Greenbrier Companies (NYSE:GBX – Get Rating) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other equities analysts also recently commented on the company. TheStreet raised Greenbrier Companies from a “c” rating to a “b” rating in a research report on Monday. Stephens increased their price target on Greenbrier Companies from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Bank of America raised their price objective on Greenbrier Companies from $30.00 to $35.00 and gave the company an “underperform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Greenbrier Companies presently has a consensus rating of “Hold” and an average target price of $36.67.

Greenbrier Companies Stock Down 0.5 %

Shares of GBX opened at $33.11 on Wednesday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 59.13, a price-to-earnings-growth ratio of 1.87 and a beta of 1.52. Greenbrier Companies has a 1 year low of $23.80 and a 1 year high of $45.98. The business’s 50 day simple moving average is $30.62 and its 200-day simple moving average is $31.58. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 0.83.

Greenbrier Companies (NYSE:GBX – Get Rating) last released its quarterly earnings results on Monday, April 10th. The transportation company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.49. Greenbrier Companies had a return on equity of 2.66% and a net margin of 0.61%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. Greenbrier Companies’s quarterly revenue was up 64.3% compared to the same quarter last year. As a group, equities analysts expect that Greenbrier Companies will post 2.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GBX. Fisher Asset Management LLC purchased a new position in shares of Greenbrier Companies in the fourth quarter worth about $21,223,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Greenbrier Companies by 44.2% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,631,789 shares of the transportation company’s stock worth $39,604,000 after purchasing an additional 499,908 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Greenbrier Companies by 19.4% in the fourth quarter. Franklin Resources Inc. now owns 2,334,030 shares of the transportation company’s stock worth $78,260,000 after purchasing an additional 380,048 shares during the last quarter. Norges Bank acquired a new stake in Greenbrier Companies during the fourth quarter worth about $9,114,000. Finally, Victory Capital Management Inc. grew its holdings in Greenbrier Companies by 12.4% during the third quarter. Victory Capital Management Inc. now owns 1,413,580 shares of the transportation company’s stock worth $34,308,000 after acquiring an additional 155,885 shares during the period. 95.95% of the stock is currently owned by hedge funds and other institutional investors.

About Greenbrier Companies

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Greenbrier Cos., Inc engages in the design, manufacture and marketing of railroad freight car equipment. It operates through the following segments: Manufacturing, Maintenance Services, Leasing & Management Services, and Corporate. The Manufacturing segment includes double-stack intermodal railcars, tank cars, and marine vessels.

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