Seaport Global Securities Initiates Coverage on Greenbrier Companies (GBX)

Seaport Global Securities started coverage on shares of Greenbrier Companies (NYSE:GBX) in a report issued on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $65.00 price objective on the transportation company’s stock.

A number of other equities research analysts have also recently commented on the stock. ValuEngine raised shares of Greenbrier Companies from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. KeyCorp reissued a buy rating and issued a $60.00 price objective on shares of Greenbrier Companies in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Greenbrier Companies from a hold rating to a strong-buy rating and set a $58.00 price target on the stock in a research note on Friday, October 6th. Buckingham Research raised their price target on shares of Greenbrier Companies from $45.00 to $53.00 and gave the stock a neutral rating in a research note on Thursday, October 5th. Finally, Cowen reaffirmed an outperform rating and set a $58.00 price target (up from $57.00) on shares of Greenbrier Companies in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $59.00.

Shares of Greenbrier Companies (GBX) traded down $2.15 during midday trading on Thursday, reaching $50.60. 1,255,000 shares of the company were exchanged, compared to its average volume of 331,258. The firm has a market cap of $1,450.00, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.34 and a beta of 1.95. Greenbrier Companies has a 12-month low of $40.45 and a 12-month high of $54.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.15 and a current ratio of 3.10.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Friday, January 5th. The transportation company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. The firm had revenue of $559.50 million for the quarter, compared to analysts’ expectations of $591.05 million. Greenbrier Companies had a net margin of 5.35% and a return on equity of 10.75%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. analysts predict that Greenbrier Companies will post 4 earnings per share for the current year.

In related news, EVP Alejandro Centurion sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $52.21, for a total value of $287,155.00. Following the sale, the executive vice president now directly owns 19,593 shares of the company’s stock, valued at $1,022,950.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William A. Furman sold 117,652 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $46.91, for a total transaction of $5,519,055.32. The disclosure for this sale can be found here. Insiders sold 284,830 shares of company stock worth $13,596,712 over the last three months. Corporate insiders own 2.46% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of GBX. New York State Common Retirement Fund raised its stake in shares of Greenbrier Companies by 0.3% during the second quarter. New York State Common Retirement Fund now owns 28,900 shares of the transportation company’s stock valued at $1,337,000 after purchasing an additional 99 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Greenbrier Companies by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 20,989 shares of the transportation company’s stock valued at $970,000 after purchasing an additional 172 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Greenbrier Companies by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 19,962 shares of the transportation company’s stock valued at $923,000 after purchasing an additional 176 shares during the period. CIBC World Markets Inc. raised its stake in shares of Greenbrier Companies by 1.5% during the second quarter. CIBC World Markets Inc. now owns 24,938 shares of the transportation company’s stock valued at $1,153,000 after purchasing an additional 365 shares during the period. Finally, Riverhead Capital Management LLC raised its stake in shares of Greenbrier Companies by 69.1% during the second quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 898 shares during the period.

ILLEGAL ACTIVITY NOTICE: “Seaport Global Securities Initiates Coverage on Greenbrier Companies (GBX)” was originally posted by Equities Focus and is the sole property of of Equities Focus. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.equitiesfocus.com/2018/01/07/seaport-global-securities-initiates-coverage-on-greenbrier-companies-gbx.html.

About Greenbrier Companies

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

Analyst Recommendations for Greenbrier Companies (NYSE:GBX)

Receive News & Ratings for Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply