TD Cowen Increases Greenbrier Companies (NYSE:GBX) Price Target to $60.00

Greenbrier Companies (NYSE:GBX) had its target price raised by TD Cowen from $53.00 to $60.00 in a research report issued on Monday, MarketBeat.com reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price target would indicate a potential upside of 11.13% from the company’s current price.

A number of other equities research analysts have also recently issued reports on GBX. Stephens lifted their price target on shares of Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday. TheStreet upgraded Greenbrier Companies from a “c+” rating to a “b” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Greenbrier Companies currently has a consensus rating of “Hold” and an average price target of $54.00.

Greenbrier Companies Stock Performance

GBX opened at $53.99 on Monday. The firm has a fifty day moving average price of $49.65 and a 200 day moving average price of $43.87. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.82 and a quick ratio of 0.86. Greenbrier Companies has a 1 year low of $25.41 and a 1 year high of $58.00. The stock has a market cap of $1.68 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.99 and a beta of 1.66.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Friday, April 5th. The transportation company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.28. The company had revenue of $862.70 million during the quarter, compared to analysts’ expectations of $841.58 million. Greenbrier Companies had a return on equity of 9.12% and a net margin of 2.97%. Greenbrier Companies’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. Equities research analysts anticipate that Greenbrier Companies will post 3.82 earnings per share for the current year.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, EVP Brian J. Comstock sold 2,500 shares of Greenbrier Companies stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $46.39, for a total transaction of $115,975.00. Following the transaction, the executive vice president now directly owns 80,111 shares of the company’s stock, valued at $3,716,349.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Wanda F. Felton sold 4,185 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $46.65, for a total value of $195,230.25. Following the transaction, the director now owns 7,365 shares of the company’s stock, valued at approximately $343,577.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian J. Comstock sold 2,500 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $46.39, for a total value of $115,975.00. Following the transaction, the executive vice president now owns 80,111 shares of the company’s stock, valued at $3,716,349.29. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,719 shares of company stock valued at $547,803. 2.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Greenbrier Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Caxton Associates LP purchased a new stake in Greenbrier Companies during the third quarter worth about $718,000. UBS Group AG lifted its position in shares of Greenbrier Companies by 248.7% during the 3rd quarter. UBS Group AG now owns 96,793 shares of the transportation company’s stock worth $3,872,000 after buying an additional 69,036 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Greenbrier Companies in the 3rd quarter valued at $769,000. Alpha DNA Investment Management LLC purchased a new position in shares of Greenbrier Companies in the 3rd quarter valued at $527,000. Finally, Numerai GP LLC purchased a new position in shares of Greenbrier Companies in the 3rd quarter valued at $2,053,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.