Genesee & Wyoming Receives “Buy” Rating from Bank of America (GWR)
Genesee & Wyoming (NYSE: GWR)‘s stock had its “buy” rating restated by analysts at Bank of America in a research report issued to clients and investors on Thursday. They currently have a $98.00 price target on the stock, up from their previous price target of $91.00.
The analysts wrote, “Genesee & Wyoming reported same-railroad carload volumes (pro forma, for the RailAmerica acquisition) for February 2013 of down 1.4% year-over-year. While this reflects a marked deterioration from January’s +7.1% growth, GWR’s quarterto-date volumes are up 2.9% year-over-year, trending a bit below our prior estimate of +6.6% for the quarter. (Genesee reports carload volumes independently and on a monthly basis, unlike the Class 1 rails, which report data to the American Association of Railroads (AAR) on a weekly basis).”
A number of other firms have also recently commented on GWR. Analysts at Zacks downgraded shares of Genesee & Wyoming from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $95.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Genesee & Wyoming from $90.00 to $100.00 in a research note to investors on Wednesday, February 13th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Genesee & Wyoming in a research note to investors on Wednesday, February 13th. They now have a $103.00 price target on the stock, up previously from $91.00.
Ten analysts have rated the stock with a buy rating, two have given an overweight rating, and five have given a hold rating to the stock. Genesee & Wyoming has a consensus rating of “overweight” and an average target price of $96.43.
Shares of Genesee & Wyoming traded down 0.15% during mid-day trading on Thursday, hitting $92.86. Genesee & Wyoming has a 52 week low of $47.08 and a 52 week high of $93.19. The stock’s 50-day moving average is currently $87.39. The company has a market cap of $4.935 billion and a P/E ratio of 91.00.
Genesee & Wyoming last announced its earnings results on Tuesday, February 12th. The company reported $0.79 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.80 by $0.01. The company had revenue of $227.30 million for the quarter, compared to the consensus estimate of $222.83 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts predict that Genesee & Wyoming will post $4.65 earnings per share for the current fiscal year.
Genesee & Wyoming Inc. (Genesee & Wyoming) owns and operates short line and regional freight railroads and provide railcar switching services in the United States, Australia, Canada and the Netherlands.
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