 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
The Greenbrier Companies (GBX) designs, manufactures, and markets railroad freight car equipment in North America and Europe.
Its Manufacturing Segment offers double-stack intermodal railcars; tanks cars; auto-max railcar, multi-max auto rack, and flat cars for automotive transportation; conventional railcars, such as boxcars, covered hopper cars, flats cars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, gondolas and coil cars, coal cars, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
The companys Wheels, Repair & Parts segment provides wheel services, including reconditioning of wheels and axles, new axle machining and finishing, and axle downsizing; heavy railcar repair and refurbishment, as well as routine railcar maintenance; and repair and refurbishment of railcars for third parties. This segment also reconditions railcar cushioning units, couplers, yokes, side frames, bolsters, and various other parts, as well as produces roofs, doors, and associated parts for boxcars.
Its Leasing & Services segment offers operating leases and by the mile leases for a fleet of approximately 8,600 railcars; and management services, including railcar maintenance management, railcar accounting services, fleet management, administration, and railcar remarketing. This segment owns or provides management services to a fleet of approximately 232,000 railcars. The companys customers include railroads, leasing companies, financial institutions, shippers, carriers, and transportation companies.
Sharres have formed a bullish "flag" following the company's quarterly results. Higher share prices are expected.
We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares.
52-Week Trading Range: $13.51 - $31.90
Entry Point: $30.75
Stop Loss: $29.20
Target Price: $33.82
GBX shares are down due to the story below. We exect a rebound in the shares.
Tankcar makers may be vulnerable to over 20% pullback, Barron's says - Shares of Trinity Industries (TRN), American Railcar (ARII), and Greenbrier (GBX) have significantly beat the performance of the S&P 500 over the last four years, but the stocks may be vulnerable to a drop of 20% or more as the companies may have overestimated demand for oil tankcars, according to Barron's.
GBX is down due to the following news. We are keeping the position open.
Greenbrier downgraded to Underperform from Market Perform at Raymond James
We are closing GBX at $31.18 after its 30-day expired without achieving 10% gains!
