Trade Report: The Cowen and Company Raises Greenbrier Companies Inc. (GBX) Price Target to $39.00

The Cowen and Company Raises Greenbrier Companies Inc. (GBX) Price Target to $39.00

Greenbrier Companies Inc. (NYSE:GBX) had its price objective raised by Cowen and Company from $35.00 to $39.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. Cowen and Company’s target price suggests a potential upside of 8.18% from the stock’s previous close.

GBX has been the subject of a number of other research reports. Standpoint Research reaffirmed a “buy” rating on shares of Greenbrier Companies in a research report on Wednesday, July 27th. Wells Fargo & Co. reaffirmed a “hold” rating and issued a $31.00 target price on shares of Greenbrier Companies in a research report on Monday, September 19th. Zacks Investment Research downgraded shares of Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Longbow Research downgraded shares of Greenbrier Companies from a “buy” rating to a “neutral” rating in a research report on Monday, June 20th. Finally, Vetr downgraded shares of Greenbrier Companies from a “hold” rating to a “sell” rating and set a $35.84 target price for the company. in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $35.65.

Greenbrier Companies (NYSE:GBX) opened at 36.05 on Friday. The company has a market cap of $1.02 billion, a PE ratio of 5.38 and a beta of 2.46. Greenbrier Companies has a 12-month low of $19.89 and a 12-month high of $42.04. The firm has a 50 day moving average price of $34.70 and a 200 day moving average price of $31.01.

In other news, EVP Mark J. Rittenbaum sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $34.75, for a total transaction of $217,187.50. Following the completion of the sale, the executive vice president now owns 89,107 shares in the company, valued at approximately $3,096,468.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark J. Rittenbaum sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $32.20, for a total transaction of $161,000.00. Following the sale, the executive vice president now owns 95,357 shares of the company’s stock, valued at approximately $3,070,495.40. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Aperio Group LLC boosted its stake in Greenbrier Companies by 107.9% in the first quarter. Aperio Group LLC now owns 18,847 shares of the company’s stock worth $521,000 after buying an additional 9,780 shares in the last quarter. Nisa Investment Advisors L.L.C. boosted its stake in Greenbrier Companies by 65.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 14,200 shares of the company’s stock worth $392,000 after buying an additional 5,600 shares in the last quarter. Prudential Financial Inc. boosted its stake in Greenbrier Companies by 236.8% in the first quarter. Prudential Financial Inc. now owns 195,747 shares of the company’s stock worth $5,410,000 after buying an additional 137,621 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Greenbrier Companies by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,660,249 shares of the company’s stock worth $45,889,000 after buying an additional 10,449 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Greenbrier Companies by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 170,628 shares of the company’s stock worth $4,716,000 after buying an additional 118,290 shares in the last quarter. Institutional investors own 94.58% of the company’s stock.

About Greenbrier Companies

Related posts

Leave a Comment