The stock of Greenbrier Companies Inc (NYSE:GBX) hit a new 52-week high and has $40.16 target or 5.00% above today’s $38.25 share price. The 8 months bullish chart indicates low risk for the $1.12B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $40.16 price target is reached, the company will be worth $56.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 164,679 shares traded hands. Greenbrier Companies Inc (NYSE:GBX) has risen 25.98% since April 21, 2016 and is uptrending. It has outperformed by 20.65% the S&P500.
Analysts await Greenbrier Companies Inc (NYSE:GBX) to report earnings on January, 5. They expect $0.84 earnings per share, down 60.93% or $1.31 from last year’s $2.15 per share. GBX’s profit will be $24.60 million for 11.38 P/E if the $0.84 EPS becomes a reality. After $1.06 actual earnings per share reported by Greenbrier Companies Inc for the previous quarter, Wall Street now forecasts -20.75% negative EPS growth.
Greenbrier Companies Inc (NYSE:GBX) Ratings Coverage
Out of 11 analysts covering Greenbrier Companies (NYSE:GBX), 1 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 9% are positive. Greenbrier Companies has been the topic of 13 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was downgraded by BBT on Thursday, March 17 to “Hold”. Cowen & Co maintained Greenbrier Companies Inc (NYSE:GBX) on Friday, October 14 with “Outperform” rating. Standpoint Research downgraded the stock to “Hold” rating in Wednesday, October 19 report. The rating was downgraded by Zacks to “Sell” on Wednesday, September 2. The rating was downgraded by Wells Fargo to “Market Perform” on Monday, September 21. The firm earned “Outperform” rating on Monday, December 14 by Cowen & Co. The stock has “Equal-Weight” rating given by Stephens on Monday, January 4. On Wednesday, April 6 the stock rating was maintained by Avondale with “Market Perform”. As per Monday, June 20, the company rating was downgraded by Longbow. The stock of Greenbrier Companies Inc (NYSE:GBX) has “Neutral” rating given on Wednesday, October 26 by Bank of America.
According to Zacks Investment Research, “Greenbrier Companies Inc. is a leading supplier of transportation equipment and services to the railroad and related industries. The manufacturing segment produces double-stack intermodal railcars, conventional railcars and marine vessels, and performs repair and refurbishment activities for both intermodal and conventional railcars. In addition to manufacturing, they are engaged in complementary leasing and services activities.”
Insitutional Activity: The institutional sentiment increased to 1.49 in 2016 Q2. Its up 0.58, from 0.91 in 2016Q1. The ratio improved, as 35 funds sold all Greenbrier Companies Inc shares owned while 60 reduced positions. 26 funds bought stakes while 60 increased positions. They now own 25.94 million shares or 5.42% more from 24.60 million shares in 2016Q1.
Dupont last reported 0.04% of its portfolio in the stock. Morgan Stanley holds 0% or 220,249 shares in its portfolio. Gamco Investors Et Al holds 0.05% or 280,000 shares in its portfolio. Brick Kyle Associates has 0.01% invested in the company for 600 shares. Qs Investors Ltd Liability last reported 0.15% of its portfolio in the stock. Moreover, Menta Capital Ltd Llc has 0.2% invested in Greenbrier Companies Inc (NYSE:GBX) for 50,792 shares. State Of Tennessee Treasury Department last reported 20,687 shares in the company. Capstone Asset Mngmt, a Texas-based fund reported 13,876 shares. Brighton Jones Limited Liability Corporation, a Washington-based fund reported 114,152 shares. Geode Management Ltd, a Massachusetts-based fund reported 234,194 shares. State Common Retirement Fund accumulated 0.01% or 136,381 shares. Da Davidson reported 195,497 shares or 0.17% of all its holdings. Cap Fund Mgmt holds 0.04% of its portfolio in Greenbrier Companies Inc (NYSE:GBX) for 161,355 shares. Solaris Asset Management Lc last reported 0.03% of its portfolio in the stock. The Minnesota-based Walleye Trading Ltd Liability has invested 0% in Greenbrier Companies Inc (NYSE:GBX).
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 11 sales for $1.61 million net activity. RITTENBAUM MARK J had sold 5,000 shares worth $160,980 on Wednesday, July 20. 5,000 shares were sold by SHARP JAMES T, worth $152,200. Centurion Alejandro also sold $191,700 worth of Greenbrier Companies Inc (NYSE:GBX) on Friday, July 22. On Thursday, July 28 Manning Anne sold $156,250 worth of the stock or 5,000 shares. $49,404 worth of Greenbrier Companies Inc (NYSE:GBX) was sold by Tekorius Lorie on Monday, November 14.
More notable recent Greenbrier Companies Inc (NYSE:GBX) news were published by: Fool.com which released: “Why Greenbrier Companies Inc.’s Shares Jumped 13% Last Month” on August 10, 2016, also Fool.com with their article: “Why Shares of Greenbrier Companies Inc Plunged Last Month” published on February 09, 2016, Prnewswire.com published: “The Greenbrier Companies, Inc. Announces Redemption of Remaining 2.375 …” on July 18, 2016. More interesting news about Greenbrier Companies Inc (NYSE:GBX) were released by: Nasdaq.com and their article: “Greenbrier Companies, Inc. (GBX) Ex-Dividend Date Scheduled for November 08, 2016” published on November 07, 2016 as well as Prnewswire.com‘s news article titled: “The Greenbrier Companies Announces Formation of Regulatory Services Group” with publication date: September 08, 2016.
GBX Company Profile
The Greenbrier Companies, Inc., incorporated on October 25, 2005, is a designer, maker and marketer of railroad freight car equipment in North America and Europe; a maker and marketer of marine barges in North America; a well-known provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a well-known provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership. It operates in four divisions: Manufacturing; Wheels & Parts; Leasing & Services, and GBW Joint Venture. The Manufacturing segment, operating from facilities in the United States, Mexico and Poland, produces double-stack intermodal railcars, tank cars, conventional railcars, automotive railcar products and marine vessels. The Wheels & Parts segment performs wheel and axle servicing, as well as production of various parts for the railroad industry in North America. As of August 31, 2015, the Leasing & Services segment owned approximately 9,300 railcars (6,300 railcars held as equipment on operating leases, 2,800 held as leased railcars for syndication and 200 held as finished goods inventory) and provided management services for approximately 260,000 railcars for railroads, shippers, carriers, institutional investors, and other leasing and transportation companies in North America. As of August 31, 2015, the GBW Joint Venture segment provided repair services at 33 locations across North America. It also produces rail castings and tank heads through unconsolidated joint ventures. It operates an integrated business model in North America that combines freight car manufacturing, wheel services, repair, refurbishment, retrofitting, component parts, leasing and fleet management services. The Company’s model is designed to provide clients with a set of freight car solutions utilizing its engineering, mechanical and technical capabilities. The Company’s clients include railroads, leasing companies, financial institutions, shippers, carriers and transportation companies.
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