Greenbrier Companies (GBX) Given a $55.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a $55.00 price target on Greenbrier Companies (NYSE:GBX) in a report released on Friday morning. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other brokerages have also weighed in on GBX. Seaport Global Securities initiated coverage on shares of Greenbrier Companies in a report on Thursday, January 4th. They issued a buy rating and a $65.00 price target for the company. KeyCorp reissued a buy rating and issued a $60.00 price target on shares of Greenbrier Companies in a report on Tuesday, October 24th. Finally, ValuEngine raised shares of Greenbrier Companies from a buy rating to a strong-buy rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Greenbrier Companies has an average rating of Buy and a consensus price target of $58.29.

Shares of Greenbrier Companies (GBX) opened at $46.45 on Friday. The firm has a market cap of $1,333.14, a P/E ratio of 11.97, a PEG ratio of 1.19 and a beta of 1.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.96. Greenbrier Companies has a fifty-two week low of $40.45 and a fifty-two week high of $54.45.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Friday, January 5th. The transportation company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. The business had revenue of $559.50 million during the quarter, compared to analyst estimates of $591.05 million. Greenbrier Companies had a net margin of 5.39% and a return on equity of 10.71%. Greenbrier Companies’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 earnings per share. equities research analysts forecast that Greenbrier Companies will post 4.12 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Friday, January 26th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, January 25th. Greenbrier Companies’s dividend payout ratio is currently 24.86%.

In other Greenbrier Companies news, EVP Alejandro Centurion sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the transaction, the executive vice president now directly owns 13,523 shares of the company’s stock, valued at $703,196. The sale was disclosed in a legal filing with the SEC, 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. In the last three months, insiders sold 218,352 shares of company stock valued at $10,268,342. 2.46% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in GBX. Tower Research Capital LLC TRC boosted its stake in Greenbrier Companies by 872.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,529 shares during the last quarter. Eqis Capital Management Inc. bought a new position in Greenbrier Companies in the fourth quarter valued at approximately $206,000. Baird Financial Group Inc. bought a new position in Greenbrier Companies in the fourth quarter valued at approximately $213,000. C M Bidwell & Associates Ltd. bought a new position in Greenbrier Companies in the fourth quarter valued at approximately $245,000. Finally, Macquarie Group Ltd. bought a new position in shares of Greenbrier Companies during the third quarter worth $265,000.

TRADEMARK VIOLATION NOTICE: “Greenbrier Companies (GBX) Given a $55.00 Price Target at Stifel Nicolaus” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.com-unik.info/2018/02/12/greenbrier-companies-gbx-given-a-55-00-price-target-at-stifel-nicolaus.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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit