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Downgrade Alert for Greenbrier Cos (GBX)

By Nick Russo

Greenbrier Cos (NYSE:GBX) was downgraded from Buy to Hold at Standpoint Research today. The stock closed yesterday at $36.95 on volume of 630,000 shares, above average daily volume of 598,000.

Potential upside of 33.6% exists for Greenbrier Cos, based on a current level of $36.95 and analysts' average consensus price target of $49.38. The stock should find initial support at its 200-day moving average (MA) of $32.64 and further support at its 50-day MA of $28.10.

Greenbrier Cos share prices have moved between a 52-week high of $64.45 and a 52-week low of $19.89 and closed yesterday at 86% above that low price at $36.95 per share. The 200-day and 50-day moving averages have moved 1.08% lower and 1.19% higher over the past week, respectively.

The Greenbrier Companies, Inc. supplies transportation equipment and services to the railroad and related industries. The Company's manufacturing segment produces railcars and marine vessels. Greenbrier also provides repair and refurbishment for intermodal and conventional railcars. In addition, the Company provides complementary leasing and services activities.

SmarTrend recommended that subscribers consider buying shares of Greenbrier Cos on June 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.68. Since that recommendation, shares of Greenbrier Cos have risen 19.8%. We continue to monitor GBX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades greenbrier cos

Ticker(s): GBX