Zacks Research Upgrades Greenbrier Companies (NYSE:GBX) to Hold

Greenbrier Companies (NYSE:GBX) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, Weiss Ratings lowered Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.00.

Greenbrier Companies Stock Up 1.7%

Shares of GBX stock opened at $48.01 on Monday. Greenbrier Companies has a fifty-two week low of $38.23 and a fifty-two week high of $59.19. The firm’s 50 day moving average price is $49.33 and its two-hundred day moving average price is $50.11. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 10.37 and a beta of 1.44.

Greenbrier Companies (NYSE:GBX) last issued its earnings results on Tuesday, April 7th. The transportation company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.35). The business had revenue of $587.50 million during the quarter, compared to analysts’ expectations of $667.02 million. Greenbrier Companies had a net margin of 5.12% and a return on equity of 8.94%. The business’s revenue was down 22.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 EPS. On average, equities analysts forecast that Greenbrier Companies will post 3.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Greenbrier Companies

A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Greenbrier Companies by 19.9% during the first quarter. AQR Capital Management LLC now owns 13,053 shares of the transportation company’s stock valued at $669,000 after acquiring an additional 2,170 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Greenbrier Companies by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,399 shares of the transportation company’s stock worth $4,323,000 after acquiring an additional 3,121 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Greenbrier Companies by 22.4% in the first quarter. Intech Investment Management LLC now owns 33,244 shares of the transportation company’s stock worth $1,703,000 after acquiring an additional 6,073 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Greenbrier Companies by 85.3% in the second quarter. Hsbc Holdings PLC now owns 12,002 shares of the transportation company’s stock valued at $557,000 after purchasing an additional 5,525 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Greenbrier Companies by 9.0% in the second quarter. Invesco Ltd. now owns 477,218 shares of the transportation company’s stock valued at $21,976,000 after purchasing an additional 39,350 shares during the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.