The stock of Greenbrier Companies Inc (NYSE:GBX) hit a new 52-week high and has $42.45 target or 6.00% above today’s $40.05 share price. The 8 months bullish chart indicates low risk for the $1.17 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $42.45 price target is reached, the company will be worth $70.20 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 414,674 shares traded hands. Greenbrier Companies Inc (NYSE:GBX) has risen 28.52% since April 28, 2016 and is uptrending. It has outperformed by 22.59% 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 $24.54 million for 11.92 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. Bank of America downgraded the shares of GBX in a report on Wednesday, October 26 to “Neutral” rating. As per Monday, June 20, the company rating was downgraded by Longbow. On Friday, September 30 the stock rating was initiated by CLSA with “Underperform”. As per Wednesday, October 19, the company rating was downgraded by Standpoint Research. The firm earned “Hold” rating on Thursday, March 17 by BBT. The stock of Greenbrier Companies Inc (NYSE:GBX) earned “Buy” rating by Standpoint Research on Tuesday, December 15. Wells Fargo downgraded the stock to “Market Perform” rating in Monday, September 21 report. The rating was maintained by Cowen & Co with “Outperform” on Friday, October 14. Avondale maintained the shares of GBX in a report on Wednesday, April 6 with “Market Perform” rating. The stock of Greenbrier Companies Inc (NYSE:GBX) has “Outperform” rating given on Monday, December 14 by Cowen & Co.
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 Q2 2016. 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.
Jacobs Levy Equity Mgmt, a New Jersey-based fund reported 90,328 shares. Endurance Wealth Mgmt accumulated 200 shares or 0% of the stock. Fincl Bank Of New York Mellon reported 660,958 shares or 0.01% of all its holdings. Midas Mgmt has 1.36% invested in the company for 82,650 shares. Dupont Mngmt Corporation accumulated 0.04% or 66,766 shares. Guggenheim Capital Ltd Liability holds 69,019 shares or 0.01% of its portfolio. Moreover, Ls Advsr Lc has 0% invested in Greenbrier Companies Inc (NYSE:GBX) for 885 shares. First Quadrant Limited Partnership Ca last reported 0.07% of its portfolio in the stock. Jpmorgan Chase And Co holds 233,643 shares or 0% of its portfolio. Gemmer Asset Ltd Liability Co holds 0% of its portfolio in Greenbrier Companies Inc (NYSE:GBX) for 114 shares. Ubs Asset Americas has invested 0% of its portfolio in Greenbrier Companies Inc (NYSE:GBX). Clinton Gru accumulated 58,933 shares or 0.08% of the stock. Herndon Cap Mngmt Ltd Liability Company holds 0% or 194 shares in its portfolio. Lucus Advsrs Limited Liability Company owns 12,102 shares or 0.29% of their US portfolio. Moreover, State Street Corp has 0% invested in Greenbrier Companies Inc (NYSE:GBX) for 534,390 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 11 sales for $1.79 million net activity. Another trade for 6,000 shares valued at $191,700 was made by Centurion Alejandro on Friday, July 22. Another trade for 5,000 shares valued at $160,980 was sold by RITTENBAUM MARK J. $49,404 worth of Greenbrier Companies Inc (NYSE:GBX) was sold by Tekorius Lorie. On Thursday, July 28 Manning Anne sold $156,250 worth of the stock or 5,000 shares. On Friday, July 22 SHARP JAMES T sold $47,599 worth of the stock or 1,487 shares.
More important 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 published article titled: “Why Shares of Greenbrier Companies Inc Plunged Last Month”, Equitiesfocus.com published: “Greenbrier Companies, Inc. (The) (NYSE:GBX) PEG Ratio At 1.180” on December 01, 2016. More interesting news about Greenbrier Companies Inc (NYSE:GBX) was released by: Prnewswire.com and their article: “The Greenbrier Companies, Inc. Announces Redemption of Remaining 2.375 …” with publication date: July 18, 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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