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UPDATE: Stifel Nicolaus Initiates Greenbrier Companies with Buy, $21 PT; Fundamentals Undervalued

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Stifel Nicolaus initiated its rating on Greenbrier Companies (NYSE: GBX) with a Buy rating and a price target of $21 a share.

Stifel Nicolaus noted, "We are establishing a 12-month target price of $21, or 7.0x our fiscal 2014 EPS estimate of $2.95. We believe this target price provides more than enough upside potential over the coming 12 months to warrant a Buy rating. We believe the discount in P/E multiples that currently exists between the company's valuation and its peer group, as well as the recent steep pullback in the share price, are both larger than what is warranted by the company's fundamentals."

Greenbrier Companies closed at $14.69 on Wednesday.

Latest Ratings for GBX

DateFirmActionFromTo
Jan 2015Stifel NicolausUpgradesHoldBuy
Sep 2014DA DavidsonMaintainsBuy
Aug 2014SusquehannaDowngradesPositiveNeutral

View More Analyst Ratings for GBX
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

 

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