Greenbrier Companies (NYSE:GBX) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Greenbrier Companies, Inc. (The) (NYSE:GBX) 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

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

Greenbrier Companies Price Performance

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 company has a 50-day moving average price of $44.55 and a 200-day moving average price of $46.25. The firm has a market capitalization of $1.45 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 2.02 and a beta of 1.68.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Wednesday, May 31st. The transportation company reported $0.05 EPS for the quarter. Greenbrier Companies had a return on equity of 12.90% and a net margin of 6.30%.The business had revenue of $766.50 million during the quarter. On average, sell-side analysts predict that Greenbrier Companies, Inc. will post 5.9 earnings per share for the current year.

Greenbrier Companies Dividend Announcement

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

Institutional Investors Weigh In On Greenbrier Companies

Several large investors have recently bought and sold shares of GBX. Evelyn Partners Asset Management Ltd bought a new position in shares of Greenbrier Companies during the second quarter worth $47,000. Quarry LP raised its stake in Greenbrier Companies by 6,900.0% during the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock worth $52,000 after buying an additional 1,104 shares during the period. State of Wyoming bought a new position in Greenbrier Companies during the third quarter worth about $58,000. Tower Research Capital LLC TRC grew its stake in Greenbrier Companies by 282.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 2,245 shares during the period. Finally, EMC Capital Management bought a new stake in shares of Greenbrier Companies in the second quarter worth about $150,000. 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.