Greenbrier Companies (NYSE:GBX) Upgraded by Zacks Research to “Hold” Rating

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

Separately, Weiss Ratings downgraded Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.00.

Greenbrier Companies Trading Up 1.7%

NYSE:GBX opened at $48.01 on Monday. The company has a market capitalization of $1.49 billion, a P/E ratio of 10.37 and a beta of 1.44. The firm has a 50-day moving average price of $49.33 and a two-hundred day moving average price of $50.11. Greenbrier Companies has a twelve month low of $38.23 and a twelve month high of $59.19.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Tuesday, April 7th. The transportation company reported $0.47 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $667.02 million. During the same period last year, the company 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 predict that Greenbrier Companies will post 3.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Greenbrier Companies by 19.9% during the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Greenbrier Companies by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,399 shares of the transportation company’s stock valued at $4,323,000 after buying an additional 3,121 shares during the period. Intech Investment Management LLC increased its holdings in shares of Greenbrier Companies by 22.4% during the 1st quarter. Intech Investment Management LLC now owns 33,244 shares of the transportation company’s stock worth $1,703,000 after buying an additional 6,073 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Greenbrier Companies by 85.3% in the 2nd quarter. Hsbc Holdings PLC now owns 12,002 shares of the transportation company’s stock worth $557,000 after buying an additional 5,525 shares during the period. Finally, Invesco Ltd. raised its position in shares of Greenbrier Companies by 9.0% in the 2nd quarter. Invesco Ltd. now owns 477,218 shares of the transportation company’s stock worth $21,976,000 after buying an additional 39,350 shares during the period. 95.59% of the stock is currently 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.