Genesee & Wyoming, Inc. (GWR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Genesee & Wyoming, Inc. (NYSE:GWR) have received an average recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $75.60.

GWR has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Genesee & Wyoming from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 4th. Bank of America Corporation upgraded shares of Genesee & Wyoming from a “neutral” rating to a “buy” rating and upped their price target for the stock from $42.21 to $76.00 in a research report on Wednesday, April 19th. BidaskClub upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Morgan Stanley restated an “equal weight” rating on shares of Genesee & Wyoming in a report on Tuesday, July 11th. Finally, Cowen and Company lowered their price objective on shares of Genesee & Wyoming from $77.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, May 3rd.

Genesee & Wyoming (NYSE GWR) traded up 1.87% during trading on Friday, hitting $66.33. The stock had a trading volume of 463,853 shares. Genesee & Wyoming has a 52-week low of $61.44 and a 52-week high of $80.73. The firm has a market cap of $4.13 billion, a PE ratio of 29.07 and a beta of 1.71. The company’s 50 day moving average is $67.30 and its 200 day moving average is $68.46.

Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The company had revenue of $540.43 million for the quarter, compared to analyst estimates of $539.59 million. During the same period in the prior year, the company earned $0.81 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Genesee & Wyoming will post $3.00 earnings per share for the current year.

In other Genesee & Wyoming news, EVP Matthew O. Walsh sold 4,042 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $66.63, for a total value of $269,318.46. Following the sale, the executive vice president now owns 105,872 shares of the company’s stock, valued at $7,054,251.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Allison M. Fergus sold 2,688 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $65.81, for a total transaction of $176,897.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,407 shares of company stock worth $554,349. 3.80% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of GWR. Quantbot Technologies LP raised its position in shares of Genesee & Wyoming by 38.8% in the second quarter. Quantbot Technologies LP now owns 3,813 shares of the transportation company’s stock valued at $260,000 after buying an additional 1,065 shares during the period. California Public Employees Retirement System raised its position in shares of Genesee & Wyoming by 2.2% in the second quarter. California Public Employees Retirement System now owns 87,900 shares of the transportation company’s stock valued at $6,011,000 after buying an additional 1,900 shares during the period. Vanguard Group Inc. raised its position in shares of Genesee & Wyoming by 3.0% in the second quarter. Vanguard Group Inc. now owns 4,939,799 shares of the transportation company’s stock valued at $337,833,000 after buying an additional 145,424 shares during the period. Penn Capital Management Co. Inc. raised its position in shares of Genesee & Wyoming by 17.3% in the second quarter. Penn Capital Management Co. Inc. now owns 209,981 shares of the transportation company’s stock valued at $14,520,000 after buying an additional 30,983 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of Genesee & Wyoming by 25.1% in the second quarter. UBS Asset Management Americas Inc. now owns 44,846 shares of the transportation company’s stock valued at $3,067,000 after buying an additional 8,988 shares during the period. 95.89% of the stock is owned by hedge funds and other institutional investors.

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Genesee & Wyoming Company Profile

Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.

Analyst Recommendations for Genesee & Wyoming (NYSE:GWR)

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