Greenbrier Companies (GBX) Lowered to Sell at Zacks Investment Research

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Greenbrier Companies (NYSE:GBX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

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. “

A number of other analysts have also weighed in on GBX. Mizuho dropped coverage on shares of Greenbrier Companies in a research note on Thursday, January 10th. TheStreet lowered shares of Greenbrier Companies from a “b” rating to a “c+” rating in a research note on Wednesday, January 9th. Bank of America reduced their price objective on shares of Greenbrier Companies from $56.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, January 10th. KeyCorp reduced their price objective on shares of Greenbrier Companies from $68.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday, November 29th. Finally, Cowen restated a “buy” rating and set a $65.00 price objective on shares of Greenbrier Companies in a research note on Wednesday, January 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $54.50.

NYSE GBX traded up $1.11 during trading hours on Monday, reaching $38.21. 197,185 shares of the company’s stock traded hands, compared to its average volume of 372,440. Greenbrier Companies has a 52-week low of $37.03 and a 52-week high of $64.87. The stock has a market cap of $1.20 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.93 and a beta of 1.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.76 and a quick ratio of 1.69.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Wednesday, January 9th. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. Greenbrier Companies had a net margin of 5.60% and a return on equity of 8.87%. The company had revenue of $604.50 million during the quarter, compared to analysts’ expectations of $559.43 million. During the same period last year, the company posted $0.83 EPS. Greenbrier Companies’s revenue was up 8.0% on a year-over-year basis. Research analysts expect that Greenbrier Companies will post 4.29 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in GBX. Norges Bank bought a new stake in Greenbrier Companies during the fourth quarter valued at approximately $21,503,000. Dimensional Fund Advisors LP grew its position in Greenbrier Companies by 14.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,462,987 shares of the transportation company’s stock valued at $148,026,000 after buying an additional 303,419 shares during the period. Matarin Capital Management LLC bought a new stake in Greenbrier Companies during the third quarter valued at approximately $17,418,000. Deutsche Bank AG grew its position in Greenbrier Companies by 121.2% during the third quarter. Deutsche Bank AG now owns 232,628 shares of the transportation company’s stock valued at $13,978,000 after buying an additional 127,453 shares during the period. Finally, Renaissance Technologies LLC grew its position in Greenbrier Companies by 82.1% during the third quarter. Renaissance Technologies LLC now owns 266,000 shares of the transportation company’s stock valued at $15,987,000 after buying an additional 119,900 shares during the period.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The 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; 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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