Greenbrier (GBX) Gets a Buy Rating from Cowen & Co.

Cowen & Co. analyst Matt Elkott maintained a Buy rating on Greenbrier (GBXResearch Report) today and set a price target of $47.00. The company’s shares closed last Tuesday at $28.57.

According to, Elkott is a 4-star analyst with an average return of 12.1% and a 49.2% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Freightcar America, Trinity Industries, and Caterpillar.

Greenbrier has an analyst consensus of Moderate Buy, with a price target consensus of $39.33, implying a 34.9% upside from current levels. In a report released yesterday, Susquehanna also maintained a Buy rating on the stock with a $38.00 price target.

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Based on Greenbrier’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $683 million and net profit of $12.8 million. In comparison, last year the company earned revenue of $296 million and had a GAAP net loss of $9.1 million.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GBX in relation to earlier this year.

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Greenbrier Cos., Inc. engages in the design, manufacture, and marketing of railroad freight car equipment. It operates through the following segments: Manufacturing; Wheels and Parts; and Leasing and Services. The Manufacturing segment includes double-stack intermodal railcars, tank cars, and marine vessels. The Wheels and Parts segment produces railroad accessories and provides wheel and axle maintenance and services. The Leasing and Services segment offers management solutions to railcars for railroads, shippers, and carriers. The company was founded in 1981 and is headquartered in Lake Oswego, OR.

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