Greenbrier Companies (NYSE:GBX) Given New $62.00 Price Target at Bank of America

Greenbrier Companies (NYSE:GBX) had its price target boosted by Bank of America from $60.00 to $62.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “underperform” rating on the transportation company’s stock. Bank of America‘s price objective would indicate a potential downside of 1.15% from the stock’s previous close.

Separately, Susquehanna boosted their target price on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.00.

Greenbrier Companies Stock Performance

Shares of NYSE GBX opened at $62.72 on Thursday. Greenbrier Companies has a 1 year low of $41.40 and a 1 year high of $69.12. The firm has a market cap of $1.97 billion, a P/E ratio of 12.62, a PEG ratio of 1.96 and a beta of 1.54. The stock has a fifty day moving average price of $64.67 and a two-hundred day moving average price of $54.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 1.58.

Greenbrier Companies (NYSE:GBX) last announced its earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.56. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The business had revenue of $875.90 million during the quarter, compared to analysts’ expectations of $849.51 million. During the same quarter last year, the business posted $0.96 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts forecast that Greenbrier Companies will post 5.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Ricardo Galvan sold 1,976 shares of Greenbrier Companies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $58.00, for a total value of $114,608.00. Following the transaction, the senior vice president now directly owns 33,776 shares of the company’s stock, valued at $1,959,008. This trade represents a 5.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the sale, the chief operating officer now owns 48,714 shares in the company, valued at $2,863,408.92. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,703 shares of company stock valued at $790,338. 1.78% of the stock is owned by corporate insiders.

Institutional Trading of Greenbrier Companies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new position in Greenbrier Companies during the second quarter valued at approximately $25,000. GAMMA Investing LLC grew its holdings in shares of Greenbrier Companies by 60.9% during the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 207 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of Greenbrier Companies in the third quarter worth $32,000. NBC Securities Inc. purchased a new stake in shares of Greenbrier Companies during the third quarter worth $55,000. Finally, Meeder Asset Management Inc. acquired a new stake in Greenbrier Companies during the second quarter valued at $67,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

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.