Genesee & Wyoming’s (NYSE:GWR) Equal Weight Rating Reaffirmed at Morgan Stanley
Several other equities analysts have also recently issued reports on GWR. Wells Fargo & Company started coverage on shares of Genesee & Wyoming in a research note on Monday, March 13th. They set a market perform rating on the stock. Royal Bank Of Canada restated a hold rating on shares of Genesee & Wyoming in a research note on Tuesday, April 11th. Bank of America Corporation upgraded shares of Genesee & Wyoming from a neutral rating to a buy rating and upped their target price for the company from $42.21 to $76.00 in a research note on Wednesday, April 19th. Cowen and Company lowered their target price on shares of Genesee & Wyoming from $77.00 to $75.00 and set an outperform rating on the stock in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research upgraded shares of Genesee & Wyoming from a strong sell rating to a hold rating in a research note on Thursday, May 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Genesee & Wyoming has an average rating of Hold and an average price target of $75.50.
Shares of Genesee & Wyoming (NYSE GWR) opened at 68.29 on Tuesday. The stock has a market cap of $4.25 billion, a P/E ratio of 28.97 and a beta of 1.73. Genesee & Wyoming has a 12-month low of $61.44 and a 12-month high of $80.73. The company’s 50-day moving average is $65.65 and its 200-day moving average is $69.35.
Genesee & Wyoming (NYSE:GWR) last posted its earnings results on Tuesday, May 2nd. The transportation company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.12. The company had revenue of $519.10 million for the quarter, compared to the consensus estimate of $516.98 million. Genesee & Wyoming had a net margin of 6.89% and a return on equity of 6.61%. Genesee & Wyoming’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. On average, equities research analysts anticipate that Genesee & Wyoming will post $3.00 earnings per share for the current year.
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In other news, insider Christopher F. Liucci sold 1,677 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $64.48, for a total value of $108,132.96. Following the transaction, the insider now owns 23,258 shares in the company, valued at approximately $1,499,675.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Albert J. Neupaver acquired 1,560 shares of the stock in a transaction dated Wednesday, May 24th. The stock was acquired at an average price of $64.77 per share, for a total transaction of $101,041.20. Following the purchase, the director now directly owns 5,910 shares in the company, valued at $382,790.70. The disclosure for this purchase can be found here. Insiders sold a total of 23,232 shares of company stock worth $1,569,713 in the last quarter. Company insiders own 3.80% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Capstone Asset Management Co. boosted its position in shares of Genesee & Wyoming by 18.1% in the first quarter. Capstone Asset Management Co. now owns 4,833 shares of the transportation company’s stock valued at $328,000 after buying an additional 740 shares during the period. Jacobs & Co. CA boosted its position in shares of Genesee & Wyoming by 28.5% in the first quarter. Jacobs & Co. CA now owns 24,342 shares of the transportation company’s stock valued at $1,651,000 after buying an additional 5,405 shares during the period. Creative Planning boosted its position in shares of Genesee & Wyoming by 8.7% in the first quarter. Creative Planning now owns 2,262 shares of the transportation company’s stock valued at $153,000 after buying an additional 181 shares during the period. Contravisory Investment Management Inc. acquired a new position in shares of Genesee & Wyoming during the first quarter valued at $5,033,000. Finally, Peregrine Capital Management LLC boosted its position in shares of Genesee & Wyoming by 18.1% in the first quarter. Peregrine Capital Management LLC now owns 342,148 shares of the transportation company’s stock valued at $22,927,000 after buying an additional 52,478 shares during the period. Hedge funds and other institutional investors own 96.92% of the company’s stock.
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.
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