Greenbrier Companies Inc. (NYSE:GBX) has been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $32.64.
A number of analysts have recently commented on GBX shares. Zacks Investment Research downgraded Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Monday, September 19th. Standpoint Research restated a “buy” rating on shares of Greenbrier Companies in a report on Wednesday, July 27th. Wells Fargo & Co. reiterated a “hold” rating and issued a $31.00 price target on shares of Greenbrier Companies in a report on Monday, September 19th. Bank of America Corp. downgraded Greenbrier Companies from a “buy” rating to a “neutral” rating in a report on Wednesday. They noted that the move was a valuation call. Finally, Cowen and Company lowered their price target on Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, July 7th.
Shares of Greenbrier Companies (NYSE:GBX) opened at 30.70 on Tuesday. The firm has a market cap of $870.74 million, a PE ratio of 5.36 and a beta of 2.46. Greenbrier Companies has a 52-week low of $19.89 and a 52-week high of $42.04. The stock’s 50 day moving average price is $34.84 and its 200-day moving average price is $31.50.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Tuesday, October 25th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by $0.08. The firm had revenue of $595.20 million for the quarter, compared to analyst estimates of $619.43 million. Greenbrier Companies had a return on equity of 19.02% and a net margin of 6.84%. The company’s quarterly revenue was down 22.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.02 earnings per share. On average, equities research analysts anticipate that Greenbrier Companies will post $3.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.74%. Greenbrier Companies’s dividend payout ratio is currently 14.63%.
In other news, EVP Mark J. Rittenbaum sold 6,250 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $34.75, for a total transaction of $217,187.50. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in GBX. Aperio Group LLC increased its position in shares of Greenbrier Companies by 107.9% in the first quarter. Aperio Group LLC now owns 18,847 shares of the company’s stock valued at $521,000 after buying an additional 9,780 shares during the period. Nisa Investment Advisors L.L.C. increased its position in shares of 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 valued at $392,000 after buying an additional 5,600 shares during the period. Prudential Financial Inc. increased its position in shares of Greenbrier Companies by 236.8% in the first quarter. Prudential Financial Inc. now owns 195,747 shares of the company’s stock valued at $5,410,000 after buying an additional 137,621 shares during the period. BlackRock Fund Advisors increased its position in shares of Greenbrier Companies by 0.6% in the first quarter. BlackRock Fund Advisors now owns 1,660,249 shares of the company’s stock valued at $45,889,000 after buying an additional 10,449 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Greenbrier Companies by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 170,628 shares of the company’s stock valued at $4,716,000 after buying an additional 118,290 shares during the period. Hedge funds and other institutional investors own 94.57% of the company’s stock.