Cowen & Co. Reaffirms Their Buy Rating on Greenbrier (GBX)


Cowen & Co. analyst Matt Elkott maintained a Buy rating on Greenbrier (GBX) today and set a price target of $46. The company’s shares closed yesterday at $30.85, close to its 52-week low of $26.94.

Elkott has an average return of 5.4% when recommending Greenbrier.

According to TipRanks.com, Elkott is ranked #1438 out of 5229 analysts.

Greenbrier has an analyst consensus of Moderate Buy, with a price target consensus of $43.33.

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Based on Greenbrier’s latest earnings release for the quarter ending February 28, the company reported a quarterly net profit of $2.77 million. In comparison, last year the company had a net profit of $32.95 million.

Based on the recent corporate insider activity of 50 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; and Leasing and Services. The Manufacturing segment includes double-stack intermodal railcars, tank cars, and marine vessels.

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