Shares of Genesee & Wyoming Inc. (NYSE:GWR) gapped up prior to trading on Tuesday . The stock had previously closed at $61.27, but opened at $61.57. Genesee & Wyoming shares last traded at $62.96, with a volume of 210,670 shares trading hands.

Several research firms have recently issued reports on GWR. Deutsche Bank AG boosted their price target on shares of Genesee & Wyoming from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, May 3rd. Cowen and Company reaffirmed a “buy” rating on shares of Genesee & Wyoming in a research note on Saturday, April 30th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Genesee & Wyoming in a research note on Saturday, April 30th. Citigroup Inc. boosted their price objective on shares of Genesee & Wyoming from $62.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, April 29th. Finally, Bank of America Corp. reaffirmed a “hold” rating on shares of Genesee & Wyoming in a research note on Sunday, April 17th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Genesee & Wyoming presently has an average rating of “Hold” and an average price target of $69.79.

The stock’s 50 day moving average price is $60.80 and its 200 day moving average price is $58.09. The firm has a market capitalization of $3.65 billion and a P/E ratio of 16.00.

Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by $0.05. During the same quarter last year, the firm posted $0.83 earnings per share. The company had revenue of $482.60 million for the quarter, compared to the consensus estimate of $490.52 million. The company’s revenue was up 21.6% compared to the same quarter last year. Equities analysts forecast that Genesee & Wyoming Inc. will post $3.56 earnings per share for the current fiscal year.

Other institutional investors have bought and sold shares of the company. I.G. Investment Management LTD. increased its position in Genesee & Wyoming by 8.5% in the fourth quarter. I.G. Investment Management LTD. now owns 39,603 shares of the company’s stock worth $2,126,000 after buying an additional 3,115 shares during the last quarter. Alpine Woods Capital Investors LLC boosted its stake in Genesee & Wyoming by 11.8% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 49,400 shares of the company’s stock worth $2,652,000 after buying an additional 5,200 shares during the last quarter. Marshall Wace LLP purchased a new stake in Genesee & Wyoming during the fourth quarter worth approximately $1,257,000. Sandhill Capital Partners LLC boosted its stake in Genesee & Wyoming by 44.3% in the fourth quarter. Sandhill Capital Partners LLC now owns 223,585 shares of the company’s stock worth $12,004,000 after buying an additional 68,640 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Genesee & Wyoming by 26.2% in the fourth quarter. Victory Capital Management Inc. now owns 544,513 shares of the company’s stock worth $29,235,000 after buying an additional 113,088 shares during the last quarter.

Genesee & Wyoming Inc owns and operates over 120 freight railroads across the world, which are organized in approximately 10 regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations. In the United States, the Company has over eight regions, such as Central, Coastal (which includes industrial switching and port operations), Midwest, Mountain West (which includes industrial switching operations), Northeast, Ohio Valley, Pacific and Southern.

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