What’s in Greenbrier Companies Inc (GBX) After Forming Bullish Double Top Chart Pattern?

June 19, 2017 - By Ellis Scott

Investors sentiment decreased to 1.1 in Q4 2016. Its down 0.39, from 1.49 in 2016Q3. It worsened, as 29 investors sold Greenbrier Companies Inc shares while 64 reduced holdings. 40 funds opened positions while 62 raised stakes. 28.00 million shares or 2.73% more from 27.25 million shares in 2016Q3 were reported.
California State Teachers Retirement Systems, California-based fund reported 55,983 shares. Price T Rowe Assocs Md accumulated 51,070 shares. Deutsche Financial Bank Ag reported 290,148 shares stake. Great West Life Assurance Can invested in 0% or 36,809 shares. Wolverine Asset Management Limited Company has 611 shares for 0% of their portfolio. Loomis Sayles And Ltd Partnership stated it has 0% of its portfolio in Greenbrier Companies Inc (NYSE:GBX). Vanguard Group Incorporated owns 4.86 million shares. Comml Bank Of Montreal Can has invested 0.01% in Greenbrier Companies Inc (NYSE:GBX). Blackrock Advisors Ltd Liability Co accumulated 60,608 shares or 0% of the stock. State Board Of Administration Of Florida Retirement Systems has 0% invested in Greenbrier Companies Inc (NYSE:GBX) for 18,573 shares. Olstein Mngmt Lp owns 283,550 shares. Prelude Capital Management Limited Liability has invested 0.01% in Greenbrier Companies Inc (NYSE:GBX). Moreover, Geode Limited Liability Corp has 0.01% invested in Greenbrier Companies Inc (NYSE:GBX) for 375,392 shares. Qs Investors Limited has 0.11% invested in Greenbrier Companies Inc (NYSE:GBX). Envestnet Asset Management holds 0% or 6,069 shares in its portfolio.

Since January 6, 2017, it had 0 buys, and 10 sales for $18.92 million activity. Another trade for 110,592 shares valued at $4.77M was made by FURMAN WILLIAM A on Wednesday, May 3. 8,000 shares were sold by Centurion Alejandro, worth $384,800 on Monday, April 10. BAKER MARTIN RAYMOND had sold 9,826 shares worth $464,121. $279,693 worth of stock was sold by RITTENBAUM MARK J on Friday, January 6.

The chart of Greenbrier Companies Inc (GBX) shows a double top with $50.35 target or 5.00 % above today’s $47.95 share price. The 8 months chart pattern indicates low risk for the $1.34B company. It was reported on Jun, 19 by Finviz.com. If the $50.35 price target is reached, the company will be worth $67.00M more. Double tops are rare but powerful chart patterns.

About shares traded. Greenbrier Companies Inc (NYSE:GBX) has risen 66.79% since June 19, 2016 and is uptrending. It has outperformed by 50.09% the S&P500.

Analysts await Greenbrier Companies Inc (NYSE:GBX) to report earnings on July, 5. They expect $0.83 earnings per share, down 25.89 % or $0.29 from last year’s $1.12 per share. GBX’s profit will be $23.19M for 14.44 P/E if the $0.83 EPS becomes a reality. After $1.09 actual earnings per share reported by Greenbrier Companies Inc for the previous quarter, Wall Street now forecasts -23.85 % negative EPS growth.

Greenbrier Companies Inc (NYSE:GBX) Ratings Coverage

Among 11 analysts covering Greenbrier Companies (NYSE:GBX), 2 have Buy rating, 3 Sell and 6 Hold. Therefore 18% are positive. Greenbrier Companies had 18 analyst reports since September 2, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Longbow on Monday, June 20. The stock has “Underperform” rating by Longbow on Tuesday, January 3. The rating was downgraded by CLSA to “Sell” on Thursday, January 19. The firm earned “Buy” rating on Thursday, April 6 by Bank of America. The rating was downgraded by Zacks to “Sell” on Wednesday, September 2. Avondale maintained the shares of GBX in report on Wednesday, April 6 with “Market Perform” rating. The firm earned “Hold” rating on Wednesday, October 19 by Standpoint Research. On Monday, December 14 the stock rating was initiated by Cowen & Co with “Outperform”. The firm has “Outperform” rating given on Friday, October 14 by Cowen & Co. The firm earned “Underperform” rating on Friday, September 30 by CLSA.

More important recent Greenbrier Companies Inc (NYSE:GBX) news were published by: Seekingalpha.com which released: “Checking In On Greenbrier Companies” on January 17, 2017, also Nasdaq.com published article titled: “Greenbrier Companies, Inc. (GBX) Ex-Dividend Date Scheduled for April 13, 2017”, Foxbusiness.com published: “Why Greenbrier Companies Inc Stock Jumped 18% on Friday” on January 06, 2017. More interesting news about Greenbrier Companies Inc (NYSE:GBX) was released by: Seekingalpha.com and their article: “The Greenbrier Companies’ (GBX) CEO William Furman on Q2 2017 Results …” with publication date: April 05, 2017.

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