Greenbrier Companies (NYSE:GBX) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded Greenbrier Companies from “hold” to “sell,” while other analysts also became more cautious. The stock has an average “Reduce” rating and a consensus price target of $45.
• Greenbrier shares opened at $38.16, near their 52-week low of $37.02, with a market capitalization of approximately $1.18 billion and a price-to-earnings ratio of 11.18.
• Institutional investors made notable changes to their positions, and hedge funds and other institutions collectively own 95.59% of the company’s stock.

Greenbrier Companies (NYSE:GBX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday, Wall Street Zen reports.

Other analysts have also issued research reports about the company. Weiss Ratings lowered Greenbrier Companies from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Susquehanna lowered shares of Greenbrier Companies from a "positive" rating to a "neutral" rating and set a $52.00 price target for the company. in a research report on Thursday, July 2nd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $45.00.

Greenbrier Companies Stock Performance

Greenbrier Companies stock opened at $38.16 on Friday. Greenbrier Companies has a fifty-two week low of $37.02 and a fifty-two week high of $59.19. The company has a 50 day moving average price of $42.05 and a 200-day moving average price of $46.49. The company has a market capitalization of $1.18 billion, a PE ratio of 11.18 and a beta of 1.45.

Institutional Investors Weigh In On Greenbrier Companies

Several hedge funds have recently modified their holdings of GBX. Engineers Gate Manager LP raised its position in shares of Greenbrier Companies by 156.9% during the 2nd quarter. Engineers Gate Manager LP now owns 44,730 shares of the transportation company's stock worth $2,192,000 after purchasing an additional 27,321 shares during the last quarter. Freestone Grove Partners LP purchased a new position in Greenbrier Companies in the 2nd quarter valued at $1,652,000. Bank of America Corp DE acquired a new stake in Greenbrier Companies during the 2nd quarter worth $3,928,000. Deprince Race & Zollo Inc. acquired a new stake in shares of Greenbrier Companies in the first quarter valued at about $20,312,000. Finally, Quantinno Capital Management LP lifted its stake in shares of Greenbrier Companies by 359.1% in the first quarter. Quantinno Capital Management LP now owns 39,563 shares of the transportation company's stock worth $2,083,000 after buying an additional 30,945 shares in the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Company Profile

Greenbrier Companies, Inc is a transportation equipment company that designs, manufactures and supplies freight railcars and related services. Its products include covered hopper cars, tank cars, gondolas, boxcars, intermodal equipment and railcars used to transport automobiles and other specialized cargo.

The company also provides railcar leasing and management services, maintenance, refurbishment, wheel services and parts. Through its manufacturing and service operations, Greenbrier supports railroads, leasing companies, shippers and other participants in the North American freight transportation industry.

Founded in 1974 and headquartered in Lake Oswego, Oregon, Greenbrier has expanded its operations beyond the United States, with manufacturing and service activities serving customers in North America and international markets.

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