CLSA Initiates Coverage on Greenbrier Companies Inc to Underperform

CLSA Initiates Coverage on Greenbrier Companies Inc(NYSE:GBX). The shares have been rated Underperform. The rating by CLSA was issued on Sep 30, 2016.

Greenbrier Companies Inc (GBX) shares turned negative on Tuesdays trading session with the shares closing down -0.18 points or -0.51% at a volume of 4,40,252. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.88. The peak price level was also seen at $35.88 while the days lowest was $34.84. Finally the shares closed at $35.23. The 52-week high of the shares is $42.04 while the 52-week low is $19.89. According to the latest information available, the market cap of the company is $994 M.

Greenbrier Companies Inc(GBX) last announced its earnings results on Jul 6, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $612.87M. Analysts had an estimated revenue of $607.14M. Earnings per share were $1.12. Analysts had estimated an EPS of $1.09.

Several Insider Transactions has been reported to the SEC. On Aug 24, 2016, Mark J Rittenbaum (EVP,Commercial,Leasing,Finance) sold 6,250 shares at $34.75 per share price.Also, On Jul 28, 2016, Anne Manning (VP Corporate Controller) sold 5,000 shares at $31.25 per share price.On Jul 25, 2016, James T Sharp (EVP and President, GLC) sold 1,487 shares at $32.01 per share price, according to the Form-4 filing with the securities and exchange commission.

The Greenbrier Companies Inc. (Greenbrier) formerly Greenbrier Co Inc. is a designer manufacturer and marketer of railroad freight car equipment in North America and Europe a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services railcar refurbishment and parts leasing and other services. The Company’s Manufacturing segment produces double-stack intermodal railcars conventional railcars tank cars and marine vessels. 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. The Leasing & Services segment owns approximately 11000 railcars and provides management services for approximately 219000 railcars for railroads shippers carriers institutional investors and other leasing and transportation companies in North America.

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