Greenbrier Companies, Inc. (The) (NYSE:GBX – Get Free Report) declared a quarterly dividend on Thursday, January 8th. Stockholders of record on Tuesday, January 27th will be given a dividend of 0.32 per share by the transportation company on Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, January 27th.
Greenbrier Companies has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. Greenbrier Companies has a payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Greenbrier Companies to earn $6.25 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 20.5%.
Greenbrier Companies Price Performance
Shares of GBX opened at $47.90 on Friday. The stock has a 50 day simple moving average of $45.38 and a 200 day simple moving average of $46.44. Greenbrier Companies has a 52-week low of $37.77 and a 52-week high of $71.06. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.38 and a current ratio of 2.43. The firm has a market capitalization of $1.49 billion, a PE ratio of 8.37, a P/E/G ratio of 2.32 and a beta of 1.67.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Zacks Research upgraded Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. The Goldman Sachs Group assumed coverage on Greenbrier Companies in a research note on Friday, November 21st. They issued a “sell” rating and a $38.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Greenbrier Companies in a research note on Wednesday, October 8th. Susquehanna cut their price objective on shares of Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating on the stock in a research report on Wednesday, October 29th. Finally, Wall Street Zen downgraded shares of Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.00.
Get Our Latest Stock Report on GBX
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.
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