STOCKS TELEGRAPH

Tag: GBX

  • The Greenbrier (GBX): Analyst sentiment is Down While GBX makes changes in Business Units

    The Greenbrier (GBX): Analyst sentiment is Down While GBX makes changes in Business Units

    With the appointment of a new director and several managerial transitions, The Greenbrier begins 2021 with a new plan.

    Despite disappointing first-quarter 2021 results, The Greenbrier (GBX) stock is moving up—trading around its 52-week high. Thanks to the firm’s decision to make changes in management and appointing a new director.

    The company has appointed four-star Admiral Thomas B. Fargo, USN (ret.) as its Lead Director. Fargo is an experienced geek at this position and has been part of Greenbrier’s board as an independent member since 2015.

    What’s Next?

    The Greenbrier (GBX) had a bad first quarter as it reported revenues of $403 million missing analysts estimates by 8%. Even worse for the company, the business reported a statutory loss of US$0.30 per share.

    Now, investors would be looking at what analysts rate the stock in this year and how the company takes on its operational activities.

    Five of the analysts that are following Greenbrier have made consensus estimates for the company. Based on the latest Q1 results, analysts believe that the company will end FY21 with total revenues of around $1.90 billion. This means that Greenbrier would face a 22% dip in its sales during this year. Moreover, the statutory loss is expected to reach $0.077 in 2021.

    The analyst’s sentiment for Greenbrier is down regarding its potential financial delivery this year. However, surprisingly, analysts have lifted GBX’s shares price to $36.20. They believe that the lower earnings per share would not impact its stock price for the long-term period.

    On the other side, the company has made some notable changes at the managerial level. The recent changes have been made across Greenbrier’s following business segments:

    • Commercial & Leasing
    • Greenbrier Manufacturing Organization (GMO)
    • Greenbrier Rail Services (GRS)
    • Greenbrier Management Services (GMS), and in Human Resources.

    With changes in the following business units, the company intends to develop the future generation to maintain continuity in its current strategies and operations. Also, this should be a healthy shift for the company to enhance its leadership going forward.

    Furthermore, the appointment of Fargo as a lead director of the company would ensure credibility. The CEO of Greenbrier, William A. Furman stated that the directors bring valuable perspectives as the firm executes its strategy. Furman further added that Fargo’s experience would help the company in driving market competitiveness and improving value for all Greenbrier stakeholders.

    Conclusion

    Greenbrier (GBX) is going through a managerial transition. This could probably change the direction of the company during these tough circumstances. So, we might see things to get better for the company in the long-term.

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    Key US stock index futures are mostly lower on Wednesday, while traders await the results of the US Senate elections and the announcement of the official results of the presidential elections in the country, trading data showed.

    Future for the Dow Jones Industrial Average (DJIA) grew by 0.13% – to 30325 points, on the NASDAQ high-tech index – decreased by 2.19%, to 12,513.88 points, on the broad market S&P 500 index – by 0.51%, to 3699.38 points.

    Investors are closely following the US Senate elections. According to NBC News, Democrat Rafael Warnock wins the second round of Senate elections in the US state of Georgia. Democrats need to win both Senate seats from Georgia in order to gain control of the US Senate after the House of Representatives and strengthen the capacity of the future Joe Biden administration to conduct domestic politics.

    At the same time, analysts believe that the victory of the Democrats in the Senate elections could have a positive effect on the market. The “Blue Wave” (Senate Democratic advantage – ed.) Could be a good outcome for the markets as strong stimulus measures will help accelerate the economic recovery, “said Vasu Menon, senior investment strategist at OCBC Bank Wealth Management, whose opinion also leads the agency.

    Today Top Movers

    Aurora Cannabis Inc (ACB), a Drug Manufacturer company, soared about 17.94% ‎at $11.44 in pre-market trading Wednesday.‎

    Sundial Growers Inc (SNDL) share price jumped 23.56% to $0.67 during early morning ‎trading session on Wednesday.‎

    9 Meters Biopharma Inc (NMTR) stock increased 25.23% at $1.34 in the pre-‎market trading today.

    IsoRay Inc (ISR) gained over ‎254.38‎% at $1.88 in pre-market ‎trading on Wednesday after receiving clearance from U.S. Food and Drug Administration (FDA) ‎for the use of C4 Imaging’s Sirius positive-signal MRI (Magnetic Resonance Imaging) Markers with Isoray’s Cesium-131, brachytherapy seeds.

    Top Upgrades & Downgrades

    KeyBanc turned bullish on Cirrus Logic Inc. (CRUS), upgrading the stock to “Overweight” and assigning a $100.0 price target, representing potential upside of 15.79% from Tuesday’s close.

    MetLife Inc. (MET) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $52.0, suggesting 11.47% additional upside for the stock.

    J.B. Hunt Transport Services Inc. (JBHT) received an upgrade from analysts at Citigroup. They changed their rating on JBHT to Buy from Neutral in a recently issued research note.

    Earlier Wednesday RBC Capital reduced its rating on Perrigo Company plc (PRGO) stock to Sector Perform from Outperform and assigned the price target to $49.

    Wells Fargo analysts reduced their investment ratings, saying in research reports covered by the media that its rating for American Electric Power Company, Inc. (AEP) has been changed to Equal-Weight from Overweight and the new price target is set at $88.

    Analysts at B. Riley Securities downgraded Kratos Defense & Security Solutions Inc. (KTOS)’s stock to Neutral from Buy Wednesday.

    Latest Insider Activity

    fuboTV Inc. (FUBO) 10% Owner COMCAST CORP announced the sale of shares taking place on Dec 31 at $30.06 for some 500,000 shares. The total came to more than $15.03 million.

    Intercept Pharmaceuticals Inc. (ICPT) CFO and Treasurer Kapadia Sandip sold on Jan 05 a total 23,764 shares at $24.47 on average. The insider’s sale generated proceeds of almost $53663.

    Gritstone Oncology Inc. (GRTS) Director Woiwode Thomas declared the purchase of shares taking place on Dec 30 at $3.71 for some 1,347,709 shares. The transaction amount was around $5.0 million.

    Tonix Pharmaceuticals Holding Corp. (TNXP) Chief Executive Officer LEDERMAN SETH bought on Dec 30 a total 118,267 shares at $0.68 on average. The purchase cost the insider an estimated $23,800.

    Important Earnings

    Top US earnings releases scheduled for today include The Simply Good Foods Company (NASDAQ:SMPL). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.21 per share from revenues of $209.72M in the three-month period.

    Analysts expect The Greenbrier Companies Inc. (NYSE:GBX) to report a net income (adjusted) of -$0.07 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Nov 2020 is predicted to come in at $481.03M.

    Resources Connection Inc. (RGP), due to announce earnings after the market closes today, is expected to report earnings of $0.19 per share from revenues of $153.32M recently concluded three-month period.