Why Has Cowen Given Greenbrier (NYSE:GBX) a $41.0 Price Target
Investment analysts at Cowen started coverage on shares of Greenbrier (NYSE:GBX) in an analyst research report disseminated on Monday morning. The investment house set Outperform rating on the stock. Cowen’s target price per share of $41.0 suggests potential of 40.80% from the stock’s last stock close price.
From a total of 9 analysts covering Greenbrier Companies (NYSE:GBX) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 55% of the ratings are positive. Greenbrier Companies was the topic of 3 analyst reports since September 2, 2015 according to the firm StockzIntelligence Inc. Wells Fargo downgraded shares on September 21 to “Market Perform” rating.
The stock decreased 3.42% or $1.03 on December 11, striking $29.12. Approximately shares of stock traded hands. Greenbrier Companies Inc (NYSE:GBX) has declined 53.05% since May 11, 2015 and is downtrending. It has underperformed by 48.63% the S&P500.
The overall sentiment of institutions has decreased to 0.43 in Q2 2015. Its down 0.89, from 1.32 in 2015Q2. The ratio worsened, as 69 institutions have sold all the shares of Greenbrier Companies Inc that they owned while 92 funds have taken shares off the table. 18 funds have purchased shares for the first time while 52 added to their positions. These institutions now hold 33.53 million shares or 18.48% more than the 28.30 million shares they owned in 2015Q2.
The Fund Community Bank Of Raymore currently is holding shares equating to 5.08% of its total portfolio in Greenbrier Companies Inc representing a total of 275,540 shares. Another fund,Copper Rock Capital Partners Llc, is holding a total of 723,546 shares equating to 1.96% of their holdings. Additionally, Olstein Capital Management L.P. has a 464,000 share stake in Greenbrier Companies Inc which represents 1.85% of their total portfolio. The Fund, Lyon Street Capital Llc, based out of California, has also built up a stake in the stock, which represents a total of 1.65% of their total portfolio. Finally Horizon Investment Services Llc, a fund which is based in the state of Indiana reported a total holdings of 73,941 shares.
The Greenbrier Companies, Inc. , formerly Greenbrier Co Inc. is a designer, maker and marketer of railroad freight car equipment in North America and Europe, a maker and marketer of ocean-going marine barges in North America and a well-known provider of wheel services, railcar refurbishment and parts, leasing and other services. The company has a market cap of $832.74 million. The Company’s Manufacturing segment produces double-stack intermodal railcars, conventional railcars, tank cars and marine vessels. It has 4.91 P/E ratio. The Wheel Services, Refurbishment & Parts segment performs wheel, axle and bearing servicing; railcar repair, refurbishment and maintenance activities, and production and reconditioning of a range of parts for the railroad industry in North America.
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.”