Greenbrier Companies, Inc. (The) (GBX) Lifted to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Greenbrier Companies, Inc. (The) (NYSE:GBX) from a hold rating to a strong-buy rating in a report issued on Friday. The firm currently has $58.00 price target on the transportation company’s stock.

According to Zacks, “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. “

A number of other research firms also recently issued reports on GBX. Stifel Nicolaus upgraded shares of Greenbrier Companies, Inc. (The) from a hold rating to a buy rating and lifted their price objective for the company from $48.00 to $51.00 in a report on Monday, July 17th. BidaskClub upgraded shares of Greenbrier Companies, Inc. (The) from a strong sell rating to a sell rating in a report on Tuesday, August 8th. Cowen and Company reiterated an outperform rating and issued a $58.00 price objective (up from $57.00) on shares of Greenbrier Companies, Inc. (The) in a report on Thursday. Buckingham Research initiated coverage on shares of Greenbrier Companies, Inc. (The) in a report on Wednesday, June 21st. They issued a neutral rating and a $45.00 price objective on the stock. Finally, Bank of America Corporation upgraded shares of Greenbrier Companies, Inc. (The) from a neutral rating to a buy rating and lifted their price objective for the company from $49.00 to $59.00 in a report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $51.36.

Greenbrier Companies, Inc. (NYSE:GBX) opened at 50.25 on Friday. Greenbrier Companies, Inc. has a 52 week low of $28.95 and a 52 week high of $52.00. The stock’s 50 day moving average is $44.80 and its 200 day moving average is $44.99. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 12.68 and a beta of 1.90.

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In related news, EVP Alejandro Centurion sold 3,000 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $43.05, for a total transaction of $129,150.00. Following the transaction, the executive vice president now directly owns 17,583 shares in the company, valued at $756,948.15. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Anne Manning sold 6,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $46.55, for a total transaction of $279,300.00. Following the transaction, the vice president now owns 11,939 shares in the company, valued at $555,760.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,740 shares of company stock worth $765,870. 4.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Greenbrier Companies, Inc. (The) by 2.4% during the second quarter. Vanguard Group Inc. now owns 5,322,591 shares of the transportation company’s stock worth $246,170,000 after buying an additional 122,476 shares during the last quarter. Schroder Investment Management Group increased its holdings in Greenbrier Companies, Inc. (The) by 35.5% during the second quarter. Schroder Investment Management Group now owns 1,065,422 shares of the transportation company’s stock worth $51,407,000 after buying an additional 279,137 shares during the last quarter. Northern Trust Corp increased its holdings in Greenbrier Companies, Inc. (The) by 6.6% during the second quarter. Northern Trust Corp now owns 790,902 shares of the transportation company’s stock worth $36,579,000 after buying an additional 48,894 shares during the last quarter. State Street Corp increased its holdings in Greenbrier Companies, Inc. (The) by 3.0% during the second quarter. State Street Corp now owns 746,041 shares of the transportation company’s stock worth $34,504,000 after buying an additional 21,758 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Greenbrier Companies, Inc. (The) by 20.2% during the second quarter. Ameriprise Financial Inc. now owns 534,057 shares of the transportation company’s stock worth $24,699,000 after buying an additional 89,923 shares during the last quarter.

About Greenbrier Companies, Inc. (The)

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

Get a free copy of the Zacks research report on Greenbrier Companies, Inc. (The) (GBX)

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According to Zacks, “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. “

A number of other research firms also recently issued reports on GBX. Stifel Nicolaus upgraded shares of Greenbrier Companies, Inc. (The) from a hold rating to a buy rating and lifted their price objective for the company from $48.00 to $51.00 in a report on Monday, July 17th. BidaskClub upgraded shares of Greenbrier Companies, Inc. (The) from a strong sell rating to a sell rating in a report on Tuesday, August 8th. Cowen and Company reiterated an outperform rating and issued a $58.00 price objective (up from $57.00) on shares of Greenbrier Companies, Inc. (The) in a report on Thursday. Buckingham Research initiated coverage on shares of Greenbrier Companies, Inc. (The) in a report on Wednesday, June 21st. They issued a neutral rating and a $45.00 price objective on the stock. Finally, Bank of America Corporation upgraded shares of Greenbrier Companies, Inc. (The) from a neutral rating to a buy rating and lifted their price objective for the company from $49.00 to $59.00 in a report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $51.36.

Greenbrier Companies, Inc. (NYSE:GBX) opened at 50.25 on Friday. Greenbrier Companies, Inc. has a 52 week low of $28.95 and a 52 week high of $52.00. The stock’s 50 day moving average is $44.80 and its 200 day moving average is $44.99. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 12.68 and a beta of 1.90.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/09/greenbrier-companies-inc-the-gbx-lifted-to-strong-buy-at-zacks-investment-research.html.

In related news, EVP Alejandro Centurion sold 3,000 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $43.05, for a total transaction of $129,150.00. Following the transaction, the executive vice president now directly owns 17,583 shares in the company, valued at $756,948.15. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Anne Manning sold 6,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $46.55, for a total transaction of $279,300.00. Following the transaction, the vice president now owns 11,939 shares in the company, valued at $555,760.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,740 shares of company stock worth $765,870. 4.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Greenbrier Companies, Inc. (The) by 2.4% during the second quarter. Vanguard Group Inc. now owns 5,322,591 shares of the transportation company’s stock worth $246,170,000 after buying an additional 122,476 shares during the last quarter. Schroder Investment Management Group increased its holdings in Greenbrier Companies, Inc. (The) by 35.5% during the second quarter. Schroder Investment Management Group now owns 1,065,422 shares of the transportation company’s stock worth $51,407,000 after buying an additional 279,137 shares during the last quarter. Northern Trust Corp increased its holdings in Greenbrier Companies, Inc. (The) by 6.6% during the second quarter. Northern Trust Corp now owns 790,902 shares of the transportation company’s stock worth $36,579,000 after buying an additional 48,894 shares during the last quarter. State Street Corp increased its holdings in Greenbrier Companies, Inc. (The) by 3.0% during the second quarter. State Street Corp now owns 746,041 shares of the transportation company’s stock worth $34,504,000 after buying an additional 21,758 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Greenbrier Companies, Inc. (The) by 20.2% during the second quarter. Ameriprise Financial Inc. now owns 534,057 shares of the transportation company’s stock worth $24,699,000 after buying an additional 89,923 shares during the last quarter.

About Greenbrier Companies, Inc. (The)

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

Get a free copy of the Zacks research report on Greenbrier Companies, Inc. (The) (GBX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Greenbrier Companies, Inc. (The) (NYSE:GBX)

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