Genesee & Wyoming Inc. (NYSE:GWR) gapped up before the market opened on Thursday . The stock had previously closed at $65.62, but opened at $65.75. Genesee & Wyoming shares last traded at $67.58, with a volume of 130,343 shares changing hands.

Several brokerages recently weighed in on GWR. Deutsche Bank AG raised 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 reissued a “buy” rating on shares of Genesee & Wyoming in a research report on Saturday, April 30th. Royal Bank Of Canada restated a “hold” rating on shares of Genesee & Wyoming in a report on Saturday, April 30th. Zacks Investment Research cut shares of Genesee & Wyoming from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Finally, Stifel Nicolaus cut shares of Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Thursday, May 5th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $70.36.

The stock has a market cap of $3.98 billion and a PE ratio of 17.88. The company’s 50 day moving average is $63.86 and its 200 day moving average is $60.98.

Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.78 by $0.15. The firm had revenue of $501.40 million for the quarter, compared to the consensus estimate of $490.50 million. The company’s revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. Analysts anticipate that Genesee & Wyoming Inc. will post $3.56 earnings per share for the current fiscal year.

In other Genesee & Wyoming news, CFO Timothy J. Gallagher sold 4,600 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $64.55, for a total transaction of $296,930.00. Following the transaction, the chief financial officer now owns 54,847 shares in the company, valued at approximately $3,540,373.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Allison M. Fergus sold 2,271 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $64.69, for a total transaction of $146,910.99. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of the stock. American International Group Inc. raised its position in shares of Genesee & Wyoming by 4.1% in the fourth quarter. American International Group Inc. now owns 111,205 shares of the company’s stock worth $5,970,000 after buying an additional 4,333 shares during the last quarter. I.G. Investment Management LTD. raised its position in shares of 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. Marshall Wace LLP bought a new position in shares of Genesee & Wyoming during the fourth quarter worth about $1,257,000. Royce & Associates LLC raised its position in shares of Genesee & Wyoming by 36.3% in the fourth quarter. Royce & Associates LLC now owns 74,400 shares of the company’s stock worth $3,995,000 after buying an additional 19,814 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its position in shares of Genesee & Wyoming by 3.9% in the fourth quarter. State of Wisconsin Investment Board now owns 41,190 shares of the company’s stock worth $2,211,000 after buying an additional 1,550 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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