Zacks Investment Research Downgrades Greenbrier Companies (GBX) to Hold

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

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. “

GBX has been the subject of a number of other reports. Stifel Nicolaus set a $62.00 price target on shares of Greenbrier Companies and gave the stock a “buy” rating in a research note on Monday, October 29th. 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, October 29th. KeyCorp upped their price objective on shares of Greenbrier Companies from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, September 25th. Seaport Global Securities restated a “buy” rating on shares of Greenbrier Companies in a report on Wednesday. Finally, Wells Fargo & Co cut their price objective on shares of Greenbrier Companies from $52.00 to $43.00 and set a “market perform” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $54.50.

GBX stock opened at $39.54 on Friday. Greenbrier Companies has a 1 year low of $37.44 and a 1 year high of $64.87. The stock has a market capitalization of $1.26 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.95 and a beta of 1.88. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of 0.35.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, January 9th. The transportation company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 the consensus estimate of $559.43 million. During the same period in the prior year, the firm earned $0.83 earnings per share. Greenbrier Companies’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts anticipate that Greenbrier Companies will post 4.34 earnings per share for the current fiscal year.

In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 9,954 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $51.30, for a total value of $510,640.20. Following the sale, the executive vice president now owns 64,137 shares in the company, valued at $3,290,228.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.76% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. NEXT Financial Group Inc purchased a new stake in shares of Greenbrier Companies during the third quarter valued at approximately $111,000. Advisors Asset Management Inc. grew its holdings in shares of Greenbrier Companies by 2,212.5% during the second quarter. Advisors Asset Management Inc. now owns 27,426 shares of the transportation company’s stock valued at $186,000 after buying an additional 26,240 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Greenbrier Companies during the third quarter valued at approximately $210,000. Trilogy Capital Inc. purchased a new stake in shares of Greenbrier Companies during the third quarter valued at approximately $221,000. Finally, Riverhead Capital Management LLC grew its holdings in shares of Greenbrier Companies by 39.2% during the third quarter. Riverhead Capital Management LLC now owns 4,970 shares of the transportation company’s stock valued at $299,000 after buying an additional 1,400 shares during the last quarter.

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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