The Greenbrier Companies, Inc. (NYSE:GBX) Receives $60.00 Consensus Target Price from Analysts

The Greenbrier Companies, Inc. (NYSE:GBX) has been given a consensus rating of “Moderate Buy” by the four brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $60.00.

Several research firms have recently weighed in on GBX. StockNews.com cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Bank of America increased their price objective on shares of Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, October 24th. Finally, Susquehanna increased their price objective on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, October 21st.

Insiders Place Their Bets

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,388 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $62.00, for a total transaction of $86,056.00. Following the sale, the senior vice president now directly owns 32,388 shares in the company, valued at $2,008,056. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Greenbrier Companies news, SVP Laurie R. Dornan sold 5,935 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total transaction of $302,210.20. Following the sale, the senior vice president now directly owns 23,226 shares in the company, valued at $1,182,667.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ricardo Galvan sold 1,388 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $62.00, for a total transaction of $86,056.00. Following the sale, the senior vice president now owns 32,388 shares in the company, valued at approximately $2,008,056. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,299 shares of company stock worth $502,874 in the last ninety days. 2.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Greenbrier Companies

A number of hedge funds have recently added to or reduced their stakes in GBX. Hodges Capital Management Inc. acquired a new stake in shares of Greenbrier Companies in the 1st quarter valued at $3,608,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Greenbrier Companies in the 1st quarter valued at $256,000. Hexagon Capital Partners LLC acquired a new stake in shares of Greenbrier Companies in the 1st quarter valued at $26,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Greenbrier Companies in the 1st quarter valued at $3,840,000. Finally, Tradewinds Capital Management LLC acquired a new stake in shares of Greenbrier Companies in the 1st quarter valued at $78,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Greenbrier Companies Stock Performance

Greenbrier Companies stock opened at $62.20 on Thursday. The firm has a 50 day simple moving average of $49.58 and a 200-day simple moving average of $49.88. Greenbrier Companies has a 1-year low of $32.86 and a 1-year high of $63.45. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.53.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.60. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts expect that Greenbrier Companies will post 4.35 EPS for the current year.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.93%. Greenbrier Companies’s dividend payout ratio (DPR) is presently 31.41%.

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.