Jefferies Cuts Numbers on Greenbrier Cos. (GBX)
Tweet
Share
E-mailGet Alerts GBX Hot Sheet
Price: $46.05 +0.52%
Rating Summary:
5 Buy, 5 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
5 Buy, 5 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Join SI Premium – FREE
Jefferies cut estimates and its price target on Hold-rated Greenbrier Companies (NYSE: GBX) from $22 to $20.
The firm comments, "GBX shares traded off 6.4% in a weak tape following a headline F2Q (February) beat. Tax rate and other below-the-line items represented all of the EPS upside. We believe investors were most focused on the lower-than-expected Manufacturing gross margins, second sequential downtick in the backlog, and a potential pause in energy-related railcar demand. Recent market volatility makes it difficult to want to step into the shares."
FY12 EPS goes from $2.32 to $2.19 and FY13 EPS goes from $2.81 to $2.65.
For an analyst ratings summary and ratings history on Greenbrier Companies click here. For more ratings news on Greenbrier Companies click here.
Shares of Greenbrier Companies closed at $18.44 yesterday.
The firm comments, "GBX shares traded off 6.4% in a weak tape following a headline F2Q (February) beat. Tax rate and other below-the-line items represented all of the EPS upside. We believe investors were most focused on the lower-than-expected Manufacturing gross margins, second sequential downtick in the backlog, and a potential pause in energy-related railcar demand. Recent market volatility makes it difficult to want to step into the shares."
FY12 EPS goes from $2.32 to $2.19 and FY13 EPS goes from $2.81 to $2.65.
For an analyst ratings summary and ratings history on Greenbrier Companies click here. For more ratings news on Greenbrier Companies click here.
Shares of Greenbrier Companies closed at $18.44 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cummins (CMI) PT Lowered to $675 at Jefferies
- ICICI Securities Resumes Dalmia Bharat Ltd (DALBHARA:IN) at Add (2)
- Emkay Global Starts Urban Company (URBANCO:IN) at Buy (1)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
