Greenbrier Companies (NYSE:GBX) Stock Price Down 6.2%

Shares of Greenbrier Companies Inc (NYSE:GBX) were down 6.2% during trading on Wednesday . The stock traded as low as $22.74 and last traded at $22.81, approximately 486,394 shares changed hands during mid-day trading. A decline of 4% from the average daily volume of 509,205 shares. The stock had previously closed at $24.32.

Several analysts have commented on GBX shares. Zacks Investment Research cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Buckingham Research cut shares of Greenbrier Companies from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $34.00 to $21.00 in a research note on Wednesday, July 24th. Cowen reaffirmed an “outperform” rating and issued a $42.00 target price (down from $48.00) on shares of Greenbrier Companies in a research note on Thursday, July 18th. Stifel Nicolaus lowered their target price on shares of Greenbrier Companies from $44.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Finally, Wells Fargo & Co lowered their target price on shares of Greenbrier Companies from $36.00 to $30.00 and set a “market perform” rating for the company in a research note on Wednesday, July 3rd. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Greenbrier Companies has a consensus rating of “Hold” and a consensus target price of $37.25.

The company’s 50 day simple moving average is $28.09. The company has a market capitalization of $770.03 million, a P/E ratio of 5.52, a PEG ratio of 0.88 and a beta of 2.00. The company has a quick ratio of 1.43, a current ratio of 2.61 and a debt-to-equity ratio of 0.34.



Greenbrier Companies (NYSE:GBX) last posted its earnings results on Tuesday, July 2nd. The transportation company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.07). Greenbrier Companies had a net margin of 2.38% and a return on equity of 5.81%. The business had revenue of $856.20 million for the quarter, compared to analyst estimates of $863.24 million. During the same quarter in the previous year, the firm posted $1.30 EPS. The business’s revenue was up 33.5% compared to the same quarter last year. On average, sell-side analysts predict that Greenbrier Companies Inc will post 3.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, July 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.38%. Greenbrier Companies’s dividend payout ratio is currently 24.21%.

A number of hedge funds have recently modified their holdings of GBX. Dimensional Fund Advisors LP grew its stake in Greenbrier Companies by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,723,030 shares of the transportation company’s stock worth $107,669,000 after buying an additional 260,043 shares during the last quarter. Norges Bank acquired a new stake in Greenbrier Companies during the 4th quarter worth about $21,503,000. Investors Research Corp acquired a new stake in Greenbrier Companies during the 1st quarter worth about $74,000. Smith Graham & Co. Investment Advisors LP lifted its position in Greenbrier Companies by 26.6% during the 1st quarter. Smith Graham & Co. Investment Advisors LP now owns 184,644 shares of the transportation company’s stock worth $5,951,000 after acquiring an additional 38,750 shares during the period. Finally, Virginia Retirement Systems ET AL lifted its position in Greenbrier Companies by 10.2% during the 1st quarter. Virginia Retirement Systems ET AL now owns 14,100 shares of the transportation company’s stock worth $454,000 after acquiring an additional 1,300 shares during the period. Hedge funds and other 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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