The Greenbrier Companies, Inc. (NYSE:GBX – Free Report) has received an average rating of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given the company a buy recommendation. The average 12-month price target among the brokerages that have issued ratings on the stock in the last year is $54.00.
Separately, StockNews.com downgraded Greenbrier Companies’ rating from “hold” to “sell” in a report on Wednesday.
Get our latest report on GBX
Price development of the Greenbrier companies
NYSE GBX opened at $44.96 on Wednesday. The stock has a 50-day moving average of $49.13 and a 200-day moving average of $49.97. The stock has a market cap of $1.40 billion, a P/E ratio of 11.77, a PEG ratio of 0.61 and a beta of 1.57. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. Greenbrier Companies has a twelve-month low of $32.00 and a twelve-month high of $58.00.
Greenbrier Companies (NYSE:GBX – Get Free Report) released its last earnings results on Monday, July 8. The transportation company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). The company had revenue of $820.20 million for the quarter, compared to analyst estimates of $928.73 million. Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The company’s revenue for the quarter decreased 21.0% compared to the year-ago quarter. In the year-ago quarter, the company posted earnings per share of $1.02. Research analysts expect that Greenbrier Companies will report earnings per share of $4.35 for the current year.
Greenbrier Companies announces dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Tuesday, July 23rd will receive a dividend of $0.30, which represents a dividend of $1.20 on an annualized basis and a yield of 2.67%. The ex-dividend date is Tuesday, July 23rd. Greenbrier Companies’ dividend payout ratio (DPR) is 31.41%.
Insider buying and selling at Greenbrier Companies
In other news, SVP Laurie R. Dornan sold 5,935 shares of Greenbrier Companies stock on Wednesday, July 31. The shares were sold at an average price of $50.92, for a total value of $302,210.20. Following the completion of the sale, the senior vice president now directly owns 23,226 shares of the company’s stock, valued at approximately $1,182,667.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.54% of the company’s stock.
Hedge funds comment on Greenbrier companies
Several institutional investors and hedge funds have recently added to or reduced their holdings of GBX. Commonwealth Equity Services LLC increased its holdings in shares of Greenbrier Companies by 1.5% in the first quarter. Commonwealth Equity Services LLC now owns 15,379 shares of the transportation company’s stock valued at $801,000 after acquiring an additional 224 shares during the period. SummerHaven Investment Management LLC increased its holdings in Greenbrier Companies by 1.6% in the fourth quarter. SummerHaven Investment Management LLC now owns 16,596 shares of the transportation company’s stock valued at $733,000 after acquiring an additional 254 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Greenbrier Companies by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the transportation company’s stock valued at $778,000 after acquiring an additional 300 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Greenbrier Companies by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 27,211 shares of the transportation company’s stock worth $1,418,000 after purchasing an additional 356 shares during the same period. Finally, Cullen Investment Group LTD. increased its holdings in Greenbrier Companies by 1.8% in the 1st quarter. Cullen Investment Group LTD. now owns 19,840 shares of the transportation company’s stock worth $1,020,000 after purchasing an additional 359 shares during the same period. 95.59% of the shares are currently owned by institutional investors and hedge funds.
Company profile of Greenbrier Companies
(Get free report
The Greenbrier Companies, Inc. designs, manufactures and markets freight car equipment for railroads in North America, Europe and South America. The company operates in three segments: Manufacturing, Maintenance Services, and Leasing and Management Services. The Manufacturing segment offers covered hopper cars, open boxcars, open hopper cars, freight cars, center divider cars, tank cars, sustainable conversions, double deck cars, Auto-Max II, Multi-Max and Multi-Max Plus products, intermodal cars, automobile transport, steel and metal rolls, flat cars, sliding wall cars, pressure tank cars and non-pressure tank cars.
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