Greenbrier Companies Inc (NYSE:GBX) has been assigned an average recommendation of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $60.38.
A number of analysts have issued reports on the company. Wells Fargo & Co decreased their target price on Greenbrier Companies from $55.00 to $52.00 and set a “hold” rating for the company in a research report on Monday, October 29th. Zacks Investment Research raised Greenbrier Companies from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Thursday, November 1st. Buckingham Research raised their target price on Greenbrier Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, October 29th. ValuEngine downgraded Greenbrier Companies from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. Finally, Susquehanna Bancshares raised Greenbrier Companies from a “neutral” rating to a “positive” rating in a research report on Monday, October 29th.
Several institutional investors have recently bought and sold shares of GBX. Legal & General Group Plc boosted its holdings in shares of Greenbrier Companies by 2.8% in the first quarter. Legal & General Group Plc now owns 58,505 shares of the transportation company’s stock worth $2,938,000 after acquiring an additional 1,572 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Greenbrier Companies by 31.2% in the first quarter. Xact Kapitalforvaltning AB now owns 5,044 shares of the transportation company’s stock worth $253,000 after acquiring an additional 1,200 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Greenbrier Companies by 3.1% in the first quarter. Principal Financial Group Inc. now owns 255,742 shares of the transportation company’s stock worth $12,851,000 after acquiring an additional 7,728 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Greenbrier Companies in the first quarter worth $262,000. Finally, Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of Greenbrier Companies by 23.3% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 693,009 shares of the transportation company’s stock worth $36,556,000 after acquiring an additional 130,823 shares during the period.
Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Friday, October 26th. The transportation company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.23). The business had revenue of $689.20 million for the quarter, compared to analysts’ expectations of $663.98 million. Greenbrier Companies had a net margin of 6.02% and a return on equity of 10.07%. The business’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 earnings per share. On average, equities research analysts predict that Greenbrier Companies will post 4.33 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Wednesday, November 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, November 13th. Greenbrier Companies’s dividend payout ratio is currently 24.21%.
About Greenbrier Companies
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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