Greenbrier Companies (NYSE:GBX) Reaches New 1-Year Low - Should You Sell?

Key Points

• Greenbrier Companies shares fell 3.3% to an intraday 52-week low of $37.59, below its 50-day and 200-day moving averages.
• Analyst sentiment is cautious: three analysts rate the stock “Hold” and one rates it “Sell,” resulting in a consensus “Reduce” rating and a $45 price target.
• Institutional investors own 95.59% of the company, while Greenbrier’s business spans railcar manufacturing, leasing, fleet management, and maintenance services.

Greenbrier Companies, Inc. (The) (NYSE:GBX - Get Free Report) shares reached a new 52-week low during trading on Tuesday. The company traded as low as $37.59 and last traded at $37.6760, with a volume of 123,554 shares traded. The stock had previously closed at $38.58.

Wall Street Analyst Weigh In

A number of research firms recently commented on GBX. Wall Street Zen upgraded Greenbrier Companies from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Susquehanna cut Greenbrier Companies from a "positive" rating to a "neutral" rating and set a $52.00 target price for the company. in a research note on Thursday, July 2nd. Finally, Weiss Ratings lowered Greenbrier Companies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $45.00.

Greenbrier Companies Stock Down 3.3%

The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.00 and a beta of 1.45. The company's 50 day moving average is $42.67 and its 200 day moving average is $46.86.

Hedge Funds Weigh In On Greenbrier Companies

Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Greenbrier Companies during the first quarter worth about $54,000. Versant Capital Management Inc lifted its holdings in shares of Greenbrier Companies by 63.0% in the 3rd quarter. Versant Capital Management Inc now owns 1,185 shares of the transportation company's stock worth $47,000 after acquiring an additional 458 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Greenbrier Companies during the second quarter valued at about $62,000. State of Wyoming purchased a new position in shares of Greenbrier Companies in the first quarter worth $149,000. Finally, Tidal Investments LLC bought a new position in shares of Greenbrier Companies during the second quarter valued at about $216,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

About Greenbrier Companies

The Greenbrier Companies, Inc is a transportation equipment manufacturer and services provider focused primarily on the freight rail industry. The company designs, manufactures, and markets a broad range of railcars used to transport commodities and industrial products, including covered hoppers, tank cars, gondolas, boxcars, and intermodal equipment.

Greenbrier also provides railcar leasing and fleet management services, as well as repair, refurbishment, maintenance, parts, and wheel services.

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