Cowen & Co. Thinks Greenbrier’s Stock is Going to Recover


In a report released today, Matt Elkott from Cowen & Co. maintained a Buy rating on Greenbrier (GBX), with a price target of $49. The company’s shares closed yesterday at $33.31, close to its 52-week low of $31.81.

Elkott has an average return of 8.1% when recommending Greenbrier.

According to TipRanks.com, Elkott is ranked #1007 out of 5282 analysts.

Greenbrier has an analyst consensus of Moderate Buy, with a price target consensus of $47.43, which is a 42.4% upside from current levels. In a report issued on March 29, Stifel Nicolaus also maintained a Buy rating on the stock with a $42 price target.

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Based on Greenbrier’s latest earnings release for the quarter ending November 30, the company reported a quarterly net profit of $17.96 million. In comparison, last year the company had a net profit of $61.64 million.

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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.

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