Greenbrier Companies (NYSE:GBX) Shares Gap Down - Time to Sell?

Key Points

• Greenbrier shares fell 7.2%, opening at $42.98 after previously closing at $45.07, and last trading near $42.65.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating and a consensus price target of $45, with three Hold ratings and one Sell rating.
• Although quarterly earnings of $0.60 per share beat estimates, revenue declined 31.6% year over year to $576.5 million. The company maintains a quarterly dividend of $0.34, representing a 3.3% annualized yield.

Shares of Greenbrier Companies, Inc. (The) (NYSE:GBX - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $45.07, but opened at $42.98. Greenbrier Companies shares last traded at $42.65, with a volume of 110,990 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Greenbrier Companies from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings lowered shares of Greenbrier Companies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, June 5th. Susquehanna cut 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. Finally, Zacks Research upgraded shares of Greenbrier Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, June 8th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $45.00.

Greenbrier Companies Trading Down 7.2%

The stock has a market capitalization of $1.29 billion, a P/E ratio of 12.40 and a beta of 1.43. The company has a 50-day moving average price of $48.10 and a 200 day moving average price of $50.14.

Greenbrier Companies (NYSE:GBX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The company had revenue of $576.50 million for the quarter, compared to the consensus estimate of $612.69 million. During the same quarter last year, the company earned $1.86 earnings per share. The firm's revenue for the quarter was down 31.6% compared to the same quarter last year. As a group, research analysts expect that Greenbrier Companies, Inc. will post 3.1 earnings per share for the current year.

Greenbrier Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 6th. Stockholders of record on Thursday, July 16th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Thursday, July 16th. Greenbrier Companies's dividend payout ratio (DPR) is currently 40.36%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Gen Wealth Partners Inc purchased a new position in Greenbrier Companies in the fourth quarter worth $38,000. Meeder Asset Management Inc. purchased a new stake in shares of Greenbrier Companies during the 1st quarter valued at $54,000. Quarry LP boosted its position in shares of Greenbrier Companies by 6,900.0% in the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company's stock worth $52,000 after purchasing an additional 1,104 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Greenbrier Companies in the 2nd quarter worth $62,000. Finally, Danske Bank A S purchased a new position in Greenbrier Companies during the 4th quarter worth $61,000. 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.

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