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

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

Separately, Weiss Ratings lowered shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.00.

Greenbrier Companies Price Performance

GBX opened at $48.01 on Monday. The stock has a market capitalization of $1.49 billion, a PE ratio of 10.37 and a beta of 1.44. The firm’s fifty day moving average price is $49.33 and its 200 day moving average price is $50.11. Greenbrier Companies has a 12-month low of $38.23 and a 12-month high of $59.19.

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

Hedge Funds Weigh In On Greenbrier Companies

Several institutional investors have recently modified their holdings of GBX. Gen Wealth Partners Inc bought a new position in shares of Greenbrier Companies during the fourth quarter worth about $38,000. Quarry LP grew its position in shares of Greenbrier Companies by 6,900.0% during the third quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock worth $52,000 after acquiring an additional 1,104 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Greenbrier Companies during the first quarter worth about $54,000. State of Wyoming acquired a new stake in Greenbrier Companies in the third quarter worth about $58,000. Finally, Danske Bank A S acquired a new stake in Greenbrier Companies in the fourth quarter worth about $61,000. Institutional investors own 95.59% of the company’s stock.

About Greenbrier Companies

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.