Greenbrier Companies (NYSE:GBX) Shares Cross Above 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

Greenbrier Companies, Inc. (The) (NYSE:GBX – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $46.25 and traded as high as $46.63. Greenbrier Companies shares last traded at $46.47, with a volume of 333,810 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GBX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Greenbrier Companies in a research report on Wednesday, October 8th. The Goldman Sachs Group began coverage on Greenbrier Companies in a research note on Friday, November 21st. They issued a “sell” rating and a $38.00 price target on the stock. Susquehanna cut their price target on Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating for the company in a report on Wednesday, October 29th. Wall Street Zen cut shares of Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Zacks Research lowered shares of Greenbrier Companies from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $50.67.

Get Our Latest Analysis on Greenbrier Companies

Greenbrier Companies Stock Down 0.1%

The company has a current ratio of 2.43, a quick ratio of 1.38 and a debt-to-equity ratio of 1.03. The stock has a market cap of $1.45 billion, a P/E ratio of 7.37, a PEG ratio of 2.02 and a beta of 1.68. The firm has a 50-day simple moving average of $44.56 and a two-hundred day simple moving average of $46.26.

Greenbrier Companies (NYSE:GBX – Get Free Report) last issued its quarterly earnings results on Wednesday, May 31st. The transportation company reported $0.05 EPS for the quarter. The company had revenue of $766.50 million for the quarter. Greenbrier Companies had a return on equity of 12.90% and a net margin of 6.30%. Equities research analysts expect that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current fiscal year.

Greenbrier Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, November 12th. Greenbrier Companies’s dividend payout ratio is 20.32%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GBX. New York State Teachers Retirement System boosted its position in Greenbrier Companies by 2.5% in the third quarter. New York State Teachers Retirement System now owns 14,198 shares of the transportation company’s stock valued at $656,000 after buying an additional 350 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Greenbrier Companies by 1.6% during the 2nd quarter. California State Teachers Retirement System now owns 28,747 shares of the transportation company’s stock valued at $1,324,000 after acquiring an additional 454 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Greenbrier Companies by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,229 shares of the transportation company’s stock worth $747,000 after acquiring an additional 470 shares during the last quarter. Brighton Jones LLC increased its holdings in Greenbrier Companies by 11.0% in the 3rd quarter. Brighton Jones LLC now owns 4,827 shares of the transportation company’s stock worth $223,000 after purchasing an additional 480 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in Greenbrier Companies by 1.9% in the second quarter. CANADA LIFE ASSURANCE Co now owns 27,809 shares of the transportation company’s stock valued at $1,280,000 after purchasing an additional 526 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.

About Greenbrier Companies

(Get Free Report)

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.

Featured Articles