Price Action to Note: Could Greenbrier Companies Inc See a Reversal After This Very Strong Session?

Price Action to Note: Could Greenbrier Companies Inc See a Reversal After This Very Strong Session?

The stock of Greenbrier Companies Inc (NYSE:GBX) is a huge mover today! About 368,585 shares traded hands or 3.10% up from the average. Greenbrier Companies Inc (NYSE:GBX) has risen 38.43% since March 2, 2016 and is uptrending. It has outperformed by 30.17% the S&P500.
The move comes after 8 months positive chart setup for the $1.03 billion company. It was reported on Oct, 5 by Barchart.com. We have $56.36 PT which if reached, will make NYSE:GBX worth $556.20M more.

Analysts await Greenbrier Companies Inc (NYSE:GBX) to report earnings on November, 4. They expect $1.11 earnings per share, down 45.05% or $0.91 from last year’s $2.02 per share. GBX’s profit will be $31.24 million for 8.24 P/E if the $1.11 EPS becomes a reality. After $1.12 actual earnings per share reported by Greenbrier Companies Inc for the previous quarter, Wall Street now forecasts -0.89% negative EPS growth.

Greenbrier Companies Inc (NYSE:GBX) Ratings Coverage

Out of 10 analysts covering Greenbrier Companies (NYSE:GBX), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. Greenbrier Companies has been the topic of 10 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was downgraded by BBT to “Hold” on Thursday, March 17. CLSA initiated the shares of GBX in a report on Friday, September 30 with “Underperform” rating. The rating was downgraded by Wells Fargo to “Market Perform” on Monday, September 21. Stephens downgraded Greenbrier Companies Inc (NYSE:GBX) on Monday, January 4 to “Equal-Weight” rating. The firm has “Market Perform” rating by Avondale given on Wednesday, April 6. The stock has “Buy” rating given by Standpoint Research on Tuesday, December 15. The rating was downgraded by Longbow to “Neutral” on Monday, June 20. The company was downgraded on Wednesday, September 2 by Zacks. Cowen & Co initiated it with “Outperform” rating and $41 target price in Monday, December 14 report.

According to Zacks Investment Research, “Greenbrier Companies Inc. is a leading supplier of transportation equipment and services to the railroad and related industries. The manufacturing segment produces double-stack intermodal railcars, conventional railcars and marine vessels, and performs repair and refurbishment activities for both intermodal and conventional railcars. In addition to manufacturing, they are engaged in complementary leasing and services activities.”

Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.12, from 1.03 in 2016Q1. The ratio worsened, as 35 funds sold all Greenbrier Companies Inc shares owned while 60 reduced positions. 26 funds bought stakes while 60 increased positions. They now own 25.94 million shares or 5.42% more from 24.60 million shares in 2016Q1.
Pinebridge Invests L P last reported 3,180 shares in the company. Alps Advsr has 0% invested in the company for 16,005 shares. Delphi Management Incorporated Ma last reported 14,455 shares in the company. Goldman Sachs Grp last reported 55,718 shares in the company. Teton Advsr Inc holds 41,800 shares or 0.11% of its portfolio. Principal Gp has 180,960 shares for 0.01% of their US portfolio. Swiss National Bank & Trust, a Switzerland-based fund reported 48,100 shares. Qs Limited Com has invested 0.15% of its portfolio in Greenbrier Companies Inc (NYSE:GBX). Oz Mgmt Ltd Partnership owns 17,300 shares or 0% of their US portfolio. Stevens Cap Mngmt Ltd Partnership has 0.01% invested in the company for 11,726 shares. California Public Employees Retirement Sys reported 84,100 shares or 0% of all its holdings. Moreover, Loomis Sayles And Ltd Partnership has 0% invested in Greenbrier Companies Inc (NYSE:GBX) for 38 shares. Systematic Financial Mngmt Limited Partnership accumulated 0.05% or 129,761 shares. Gru One Trading Lp has 0.01% invested in the company for 37,380 shares. Deutsche Bank Ag reported 343,691 shares or 0.01% of all its holdings.

Insider Transactions: Since April 8, 2016, the stock had 0 insider purchases, and 11 selling transactions for $1.44 million net activity. $42,318 worth of Greenbrier Companies Inc (NYSE:GBX) was sold by Tekorius Lorie on Tuesday, April 12. 6,000 Greenbrier Companies Inc (NYSE:GBX) shares with value of $191,700 were sold by Centurion Alejandro. 2,016 shares were sold by RITTENBAUM MARK J, worth $58,621 on Thursday, May 26. 1,487 Greenbrier Companies Inc (NYSE:GBX) shares with value of $47,599 were sold by SHARP JAMES T. On Thursday, July 28 Manning Anne sold $156,250 worth of the stock or 5,000 shares.

More notable recent Greenbrier Companies Inc (NYSE:GBX) news were published by: Fool.com which released: “Why Greenbrier Companies Inc.’s Shares Jumped 13% Last Month” on August 10, 2016, also Fool.com with their article: “Why Shares of Greenbrier Companies Inc Plunged Last Month” published on February 09, 2016, Prnewswire.com published: “The Greenbrier Companies, Inc. Announces Redemption of Remaining 2.375 …” on July 18, 2016. More interesting news about Greenbrier Companies Inc (NYSE:GBX) were released by: Prnewswire.com and their article: “The Greenbrier Companies Announces Formation of Regulatory Services Group” published on September 08, 2016 as well as Fool.com‘s news article titled: “Greenbrier Companies Inc. Stock Fell 16% in November: Is the Railcar Maker Off …” with publication date: December 08, 2015.

GBX Company Profile

The Greenbrier Companies, Inc., incorporated on October 25, 2005, is a designer, maker and marketer of railroad freight car equipment in North America and Europe; a maker and marketer of marine barges in North America; a well-known provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a well-known provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership. It operates in four divisions: Manufacturing; Wheels & Parts; Leasing & Services, and GBW Joint Venture. The Manufacturing segment, operating from facilities in the United States, Mexico and Poland, produces double-stack intermodal railcars, tank cars, conventional railcars, automotive railcar products and marine vessels. The Wheels & Parts segment performs wheel and axle servicing, as well as production of various parts for the railroad industry in North America. As of August 31, 2015, the Leasing & Services segment owned approximately 9,300 railcars (6,300 railcars held as equipment on operating leases, 2,800 held as leased railcars for syndication and 200 held as finished goods inventory) and provided management services for approximately 260,000 railcars for railroads, shippers, carriers, institutional investors, and other leasing and transportation companies in North America. As of August 31, 2015, the GBW Joint Venture segment provided repair services at 33 locations across North America. It also produces rail castings and tank heads through unconsolidated joint ventures. It operates an integrated business model in North America that combines freight car manufacturing, wheel services, repair, refurbishment, retrofitting, component parts, leasing and fleet management services. The Company’s model is designed to provide clients with a set of freight car solutions utilizing its engineering, mechanical and technical capabilities. The Company’s clients include railroads, leasing companies, financial institutions, shippers, carriers and transportation companies.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment