The Greenbrier Companies, Inc. GBX was a big mover last session with its shares rising almost 7% on the day. . The upside came on the company’s announcement that it is set to join the S&P SmallCap 600 GICS Construction Machinery & Heavy Trucks Sub-Industry index. Greenbrier will replace SYNNEX in the index after the close of trading on Monday, Dec 28. This development led to far more shares changing hands yesterday than in a normal session. The move breaks the recent trend of the company as the stock is now trading above the past month’s volatile price range of $29.12 to $33.94.
This manufacturer of railroad freight car equipment has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
Greenbrier currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the transportation equipment space may consider American Railcar Industries, Inc. ARII which carries a Zacks Rank #2 (Buy).
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