Zacks Investment Research Upgrades Greenbrier Companies (GBX) to “Buy”

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Greenbrier Companies (NYSE:GBX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage presently has a $54.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 13.80% from the company’s previous close.

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 marine vessels, and performs repair and refurbishment activities for both intermodal and conventional railcars. It also engages in complementary leasing and services activities. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland & Romania that serves customers across Europe and in the Middle East. Greenbrier builds freight railcars & rail castings in Brazil through two separate strategic partnerships. It is a leading provider of wheel services, railcar management & regulatory compliance services and leasing services to railroads in North America. Greenbrier offers freight railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership with Watco Companies, LLC. “

Other analysts also recently issued reports about the stock. KeyCorp boosted their target price on shares of Greenbrier Companies from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, August 17th. Mizuho started coverage on shares of Greenbrier Companies in a report on Wednesday, July 18th. They set a “neutral” rating and a $62.00 price objective for the company. Cowen reaffirmed a “buy” rating and set a $64.00 price objective on shares of Greenbrier Companies in a report on Tuesday, July 24th. Susquehanna Bancshares raised shares of Greenbrier Companies from a “neutral” rating to a “positive” rating in a report on Monday. Finally, Buckingham Research upped their price objective on shares of Greenbrier Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Greenbrier Companies currently has a consensus rating of “Buy” and an average price target of $60.38.

GBX stock opened at $47.45 on Thursday. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.18 and a beta of 1.74. Greenbrier Companies has a 12 month low of $43.05 and a 12 month high of $64.87.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Friday, October 26th. The transportation company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.23). The business had revenue of $689.20 million during the quarter, compared to the consensus estimate of $663.98 million. Greenbrier Companies had a return on equity of 10.07% and a net margin of 6.02%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. On average, equities research analysts predict that Greenbrier Companies will post 4.24 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of GBX. Dimensional Fund Advisors LP boosted its holdings in shares of Greenbrier Companies by 14.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,159,568 shares of the transportation company’s stock worth $113,908,000 after buying an additional 271,364 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Greenbrier Companies during the 2nd quarter worth $11,501,000. Scopus Asset Management L.P. bought a new stake in shares of Greenbrier Companies during the 2nd quarter worth $9,071,000. Dalton Greiner Hartman Maher & Co. boosted its holdings in Greenbrier Companies by 23.3% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 693,009 shares of the transportation company’s stock valued at $36,556,000 after purchasing an additional 130,823 shares during the period. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Greenbrier Companies in the 3rd quarter valued at $6,673,000.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.

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