The Greenbrier Companies, Inc. GBX was a big mover last session, as the company saw its shares rise around 6% on the day. Shares gained after the company reported fourth-quarter fiscal 2015 results wherein earnings beat estimates. The company also announced the authorization of a $100 million share repurchase program and increased its quarterly dividend by 33%. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $34.54 to $38.30 in the past one-month time frame.
In spite of seeing one negative estimate revision in the past one month, its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this railroad stock going forward to see if this recent jump can turn into more strength down the road.
The Greenbrier Companies currently carries a Zacks Rank #5 (Strong Sell).
A better-ranked stock in the same industry is American Railcar Industries, Inc. ARII, carrying a Zacks Rank #2 (Buy).
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