Greenbrier Companies Inc (GBX) was Downgraded by Longbow to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Longbow advised their investors in a research report released on Jun 20, 2016.
Many Wall Street Analysts have commented on Greenbrier Companies Inc. Shares were Reiterated by Cowen on Apr 6, 2016 to “Outperform” and Lowered the Price Target to $ 37 from a previous price target of $41 .
On the company’s financial health, Greenbrier Companies Inc reported $1.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on Apr 5, 2016. Analyst had a consensus of $1.56. The company had revenue of $669.10 million for the quarter, compared to analysts expectations of $726.11 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS.
Greenbrier Companies Inc opened for trading at $28.35 and hit $29.39 on the upside on Friday, eventually ending the session at $29.29, with a gain of 4.09% or 1.15 points. The heightened volatility saw the trading volume jump to 4,65,797 shares. Company has a market cap of $823 M.
In a different news, on Jun 2, 2016, Mark J Rittenbaum (EVP,Commercial,Leasing,Finance) sold 2,135 shares at $28.39 per share price. According to the SEC, on Apr 27, 2016, Martin Raymond Baker (SVP, GC, & Compliance Officer) sold 5,357 shares at $30.67 per share price. On Apr 15, 2016, Alejandro Centurion (EVP and President, GMO) sold 10,000 shares at $31.84 per share price, according to the Form-4 filing with the securities and exchange commission.
The Greenbrier Companies Inc. (Greenbrier) formerly Greenbrier Co Inc. is a designer manufacturer and marketer of railroad freight car equipment in North America and Europe a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services railcar refurbishment and parts leasing and other services. The Companys Manufacturing segment produces double-stack intermodal railcars conventional railcars tank cars and marine vessels. The Wheel Services Refurbishment & Parts segment performs wheel axle and bearing servicing; railcar repair refurbishment and maintenance activities and production and reconditioning of a range of parts for the railroad industry in North America. The Leasing & Services segment owns approximately 11000 railcars and provides management services for approximately 219000 railcars for railroads shippers carriers institutional investors and other leasing and transportation companies in North America.