Zacks Investment Research Upgrades Genesee & Wyoming Inc. (GWR) to “Buy”
Genesee & Wyoming Inc. (NYSE:GWR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $75.00 price objective on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 9.60% from the company’s current price.
According to Zacks, “GENESEE & WYOMING owns and operates short line and regional freight railroads and provides related rail services. They operate in three business segments in two geographic areas: North American Railroad Operations, Australian Railroad Operations, and Industrial Switching. “
Separately, Credit Suisse Group AG restated a “buy” rating and issued a $73.00 price target (up from $70.00) on shares of Genesee & Wyoming in a research note on Tuesday, August 16th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $71.00.
Shares of Genesee & Wyoming (NYSE:GWR) traded down 0.39% during mid-day trading on Wednesday, reaching $68.16. The company’s stock had a trading volume of 44,872 shares. The firm has a 50 day moving average price of $67.63 and a 200 day moving average price of $63.47. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 17.75 and a beta of 1.71. Genesee & Wyoming has a 52-week low of $41.56 and a 52-week high of $73.33.
Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.15. The firm earned $501.40 million during the quarter, compared to the consensus estimate of $490.50 million. Genesee & Wyoming had a return on equity of 8.07% and a net margin of 10.94%. The business’s revenue was down 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. On average, equities analysts predict that Genesee & Wyoming will post $3.56 EPS for the current fiscal year.
In related news, General Counsel Allison M. Fergus sold 2,271 shares of the business’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 value of $146,910.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John C. Hellmann sold 12,976 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $69.21, for a total transaction of $898,068.96. Following the completion of the transaction, the insider now owns 362,073 shares of the company’s stock, valued at $25,059,072.33. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in shares of Genesee & Wyoming by 72.1% in the second quarter. LS Investment Advisors LLC now owns 3,524 shares of the company’s stock worth $208,000 after buying an additional 1,476 shares during the last quarter. FCA Corp TX purchased a new position in shares of Genesee & Wyoming during the second quarter worth $221,000. Barclays PLC raised its position in shares of Genesee & Wyoming by 11.9% in the second quarter. Barclays PLC now owns 3,930 shares of the company’s stock worth $233,000 after buying an additional 419 shares during the last quarter. Seven Eight Capital LLC purchased a new position in shares of Genesee & Wyoming during the second quarter worth $265,000. Finally, Hendley & Co. Inc. raised its position in shares of Genesee & Wyoming by 0.8% in the second quarter. Hendley & Co. Inc. now owns 4,503 shares of the company’s stock worth $265,000 after buying an additional 35 shares during the last quarter. Institutional investors own 98.10% of the company’s stock.
Genesee & Wyoming Company Profile
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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