Stifel Nicolaus analyst Michael Baudendistel maintained a Buy rating on Greenbrier (NYSE: GBX) today and set a price target of $61. The company’s shares opened today at $52.40, close to its 52-week high of $54.45.
According to TipRanks.com, Baudendistel is a 2-star analyst with an average return of 1.1% and a 57.0% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, Trinity Industries, and Westinghouse Air.
Currently, the analyst consensus on Greenbrier is a Moderate Buy with an average price target of $53.75, implying a 2.6% upside from current levels. In a report issued on June 29, Cowen & Co. also maintained a Buy rating on the stock with a $58 price target.
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The company has a one-year high of $54.45 and a one-year low of $41.45. Currently, Greenbrier has an average volume of 500.8K.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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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; Leasing and Services; GBW Joint Venture; and Corporate. The Manufacturing segment includes double-stack intermodal railcars, tank cars, and marine vessels.
