Zacks Investment Research cut shares by Greenbrier Companies (NYSE:GBX – Get Assessed) from a buy rating to a hold rating in a research note released Thursday morning, Zacks.com reports.
According to Zacks, “Greenbrier Companies Inc. is a leading supplier of transportation equipment and services to the railroad and related industries. The Company’s manufacturing segment produces double-stack intermodal railcars, conventional railcars and ships, and performs repair and refurbishment activities for intermodal and conventional railcars. It also carries out complementary rental and service activities. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair company with operations in Poland and Romania serving customers across Europe and the Middle East. Greenbrier builds freight railcars and castings in Brazil through two separate strategic partnerships. It is a leading provider of wheel services, car management and regulatory compliance services, and leasing services to railroads in North America. Greenbrier offers freight railcar repair, overhaul and upgrade services in North America through a joint venture partnership with Watco Companies, LLC. “
Other analysts have also published research reports on the company. Stephens cut its target price on Greenbrier companies from $63.00 to $59.00 and set an overweight rating for the company in a report on Thursday. StockNews.com took over coverage of Greenbrier companies in a Thursday, March 31 report. They issued a holding note for the company. Two investment analysts gave the stock a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, Greenbrier Companies has an average buy rating and an average price target of $55.50.
GBX shares opened at $44.07 on Thursday. Greenbrier Companies has a 12-month low of $36.19 and a 12-month high of $53.46. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 19.67, a growth price-to-earnings ratio of 2.71, and a beta of 1.43. The company has a 50-day simple moving average of $46.65 and a 200-day simple moving average of $44.30. The company has a debt ratio of 0.86, a current ratio of 2.10 and a quick ratio of 0.89.
Greenbrier Companies (NYSE:GBX – Get Rating) last released quarterly earnings data on Wednesday, April 6. The transportation company reported earnings per share of $0.38 for the quarter, beating the consensus estimate of $0.19 by $0.19. The company posted revenue of $682.80 million in the quarter, compared to analyst estimates of $575.76 million. Greenbrier Companies had a return on equity of 5.57% and a net margin of 3.29%. The company’s revenue increased by 131.0% compared to the same quarter last year. During the same period last year, the company posted EPS of ($0.28). On average, stock analysts expect Greenbrier companies to post an EPS of 2.24 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 10. Investors of record on Tuesday, April 19 will receive a dividend of $0.27 per share. The ex-dividend date is Monday, April 18. This represents an annualized dividend of $1.08 and a dividend yield of 2.45%. Greenbrier Companies’ dividend payout ratio is 48.21%.
Several large investors have recently changed their positions in the stock. Thrivent Financial for Lutherans increased its holdings of Greenbrier Companies stock by 0.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 35,614 shares of the transportation company worth $1,634,000 after acquiring 315 additional shares last quarter. The California State Teachers Retirement System increased its holdings of Greenbrier Companies stock by 1.0% during the fourth quarter. California State Teachers Retirement System now owns 44,884 shares of the transportation company worth $2,060,000 after acquiring 445 additional shares in the last quarter. Isthmus Partners LLC increased its stake in Greenbrier Companies by 1.3% during the fourth quarter. Isthmus Partners LLC now owns 44,852 shares of the transportation company valued at $2,058,000 after buying an additional 582 shares last quarter. Horizon Kinetics Asset Management LLC increased its holdings in Greenbrier Companies by 10.1% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 8,150 shares of the transportation company valued at $374,000 after buying an additional 750 shares last quarter. Finally, Credit Suisse AG increased its holdings in Greenbrier Companies by 3.4% during the fourth quarter. Credit Suisse AG now owns 26,041 shares of the transportation company valued at $1,194,000 after buying 857 additional shares last quarter. Institutional investors and hedge funds hold 96.74% of the company’s shares.
Company Profile Greenbrier Companies (Get an assessment)
The Greenbrier Companies, Inc designs, manufactures and markets freight car equipment in North America, Europe and South America. It operates through three segments: Manufacturing; Wheels, repair and parts; and Rentals & Services. The Manufacturing segment offers conventional wagons, such as covered hopper wagons, covered wagons, center partition wagons and partition flat wagons; tank cars; double-stack intermodal wagons; auto-max and multi-max products for transporting light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, reel cars, gondolas, sliding wall cars and car carriers; and seagoing vessels.
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