Greenbrier Companies Inc (GBX) was Reiterated by Cowen to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 39 from a previous price target of $35 . Cowen advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Greenbrier Companies Inc. Greenbrier Companies Inc was Initiated by CLSA to “Underperform” on Sep 30, 2016.
On the company’s financial health, Greenbrier Companies Inc reported $1.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 6, 2016. Analyst had a consensus of $1.08. The company had revenue of $612.90 million for the quarter, compared to analysts expectations of $601.12 million. The company’s revenue was down -14.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.49 EPS.
Greenbrier Companies Inc closed down -0.5 points or -1.35% at $36.5 with 2,72,701 shares getting traded on Tuesday. Post opening the session at $37.05, the shares hit an intraday low of $36.05 and an intraday high of $37.35 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 24, 2016, Mark J Rittenbaum (EVP,Commercial,Leasing,Finance) sold 6,250 shares at $34.75 per share price. According to the SEC, on Jul 28, 2016, Anne Manning (VP Corporate Controller) sold 5,000 shares at $31.25 per share price. On Jul 25, 2016, James T Sharp (EVP and President, GLC) sold 1,487 shares at $32.01 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.