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Why Greenbrier Companies (GBX) Stock Is Up Today

NEW YORK (TheStreet) -- Greenbrier Companies (GBX - Get Report) stock is gaining Thursday after announcing it has received awards from multiple customers for construction of 7,700 railcars, orders which total $960 million. The company also said it has received strong interest from customers in its retrofit of pre-2011 built tank cars.

"Greenbrier expects that GBW Railcar Services, its recently announced repair, refurbishment and maintenance joint venture with Watco Companies, will benefit from substantial maintenance and retrofit awards when the joint venture begins operation later this year," the company said in a statement. 

By early afternoon, shares had climbed 2.9% to $60.39. Year to date, the stock is up 83.8%.

Must read: Warren Buffett's 25 Favorite Stocks

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Separately, TheStreet Ratings team rates GREENBRIER COMPANIES INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate GREENBRIER COMPANIES INC (GBX) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The revenue growth came in higher than the industry average of 6.5%. Since the same quarter one year prior, revenues rose by 18.7%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The debt-to-equity ratio is somewhat low, currently at 0.87, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 129.63% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, GBX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • Net operating cash flow has increased to $80.28 million or 35.89% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -4.11%.
  • GREENBRIER COMPANIES INC has improved earnings per share by 11.1% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, GREENBRIER COMPANIES INC swung to a loss, reporting -$0.66 versus $1.92 in the prior year. This year, the market expects an improvement in earnings ($2.60 versus -$0.66).
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