The USD 46.04 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.
The security enjoys excellent surperformance ratings which underline the attractive valuation, the optimism of the consensus and the revenue growth. Indeed, sales and EPS estimates were upward revised over the last 12 months. In addition, the P/E ratio for estimates earnings is below the industry average.
The stock, currently oversold, evolves within a downtrend in the medium term. In the short term, this trend could be reversed by the USD 46.04 threshold, level from which the bullish run could start wide-range movements. This support represents a buying opportunity in the context of a foreseeable technical rebound toward USD 52.5.
Therefore, it seems opportune to open a long position on Greenbrier Companies at current prices. The first target price will be the short term resistance. Investors should not insist below the USD 44.5 long term support and a stop-loss order should be placed under this threshold.
The Greenbrier Companies, Inc. is a designer, manufacturer, and marketer of railroad freight car equipment in North America, Europe, and South America. It is a manufacturer and marketer of marine barges. It offers railcar management, regulatory compliance services and leasing services to railcar owners or other users of railcars. The Company operates through three segments: Manufacturing, Maintenance Services, and Leasing & Management Services. The Manufacturing segment produces automotive railcar products. The Maintenance Services segment performs wheel and axle servicing, railcar maintenance and produces a variety of parts for the rail industry in North America. The Leasing & Management Services segment operate railcar leasing business in North America and offers management services, such as software and services that include railcar maintenance management, fleet logistics and railcar accounting services. The Leasing & Management Services segment owns approximately 13,400 railcars.
THE GREENBRIER COMPANIES, INC. 
