Jefferies Cuts Numbers on Greenbrier Cos. (GBX)
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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
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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.
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