Greenbrier Companies Inc (NYSE:GBX)’s stock price traded down 6.2% during trading on Wednesday . The stock traded as low as $22.74 and last traded at $22.81, 486,394 shares traded hands during trading. A decline of 4% from the average session volume of 509,205 shares. The stock had previously closed at $24.32.
Several equities research analysts have commented on the company. Buckingham Research lowered Greenbrier Companies from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $34.00 to $21.00 in a research note on Wednesday, July 24th. Cowen reiterated an “outperform” rating and set a $42.00 price objective (down from $48.00) on shares of Greenbrier Companies in a research note on Thursday, July 18th. Bank of America reiterated an “underperform” rating and set a $28.00 price objective (down from $34.00) on shares of Greenbrier Companies in a research note on Wednesday, July 3rd. Stifel Nicolaus dropped their price target on Greenbrier Companies from $44.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Finally, Zacks Investment Research lowered Greenbrier Companies from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.25.
The company has a quick ratio of 1.43, a current ratio of 2.61 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average is $28.09. The company has a market cap of $770.03 million, a price-to-earnings ratio of 5.52, a PEG ratio of 0.88 and a beta of 2.00.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Tuesday, July 2nd. The transportation company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.07). The company had revenue of $856.20 million during the quarter, compared to analysts’ expectations of $863.24 million. Greenbrier Companies had a net margin of 2.38% and a return on equity of 5.81%. Greenbrier Companies’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. Sell-side analysts anticipate that Greenbrier Companies Inc will post 3.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, July 18th were given a $0.25 dividend. The ex-dividend date was Wednesday, July 17th. This represents a $1.00 annualized dividend and a yield of 4.38%. Greenbrier Companies’s payout ratio is 24.21%.
A number of institutional investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in shares of Greenbrier Companies during the second quarter worth about $3,597,000. Cito Capital Group LLC purchased a new position in shares of Greenbrier Companies during the second quarter worth about $456,000. Parametric Portfolio Associates LLC grew its holdings in shares of Greenbrier Companies by 2.5% during the second quarter. Parametric Portfolio Associates LLC now owns 145,677 shares of the transportation company’s stock worth $4,429,000 after buying an additional 3,576 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Greenbrier Companies by 72.2% during the second quarter. Commonwealth Bank of Australia now owns 9,125 shares of the transportation company’s stock worth $277,000 after buying an additional 3,825 shares during the last quarter. Finally, Brandes Investment Partners LP purchased a new position in shares of Greenbrier Companies during the second quarter worth about $380,000. Institutional investors own 95.24% of the company’s stock.
About Greenbrier Companies (NYSE:GBX)
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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