Genesee & Wyoming (NYSE:GWR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Genesee & Wyoming's growth-by-acquisition policy has augmented its top line by expanding the product portfolio. The new tax reform policy is an added advantage for the company as it has reduced the effective tax rate significantly. Owing to this, Genesee & Wyoming has raised its guidance for 2018 adjusted earnings per share. We remain positive about the company's efforts to reward shareholders in the form of share repurchases. However, high operating expenses might hurt the bottom line in the third quarter, detailed results of which should be out on Oct 30. Moreover, costs related to the restructuring of the UK operations are putting pressure on the bottom line. Additionally, the company's significant exposure to UK/Europe might be a cause for concern due to the complications likely to arise once the UK leaves the EU. In fact, shares of Genesee & Wyoming have underperformed its industry over the last six months.”

Several other equities analysts have also recently issued reports on the company. Morgan Stanley lifted their price objective on Genesee & Wyoming from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Tuesday. ValuEngine raised Genesee & Wyoming from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Bank of America lowered Genesee & Wyoming from a “buy” rating to a “neutral” rating and raised their target price for the stock from $90.00 to $94.00 in a research report on Thursday, August 9th. Stifel Nicolaus set a $96.00 target price on Genesee & Wyoming and gave the stock a “buy” rating in a research report on Monday, July 30th. Finally, Raymond James raised their target price on Genesee & Wyoming from $90.00 to $96.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 30th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Genesee & Wyoming currently has a consensus rating of “Buy” and a consensus price target of $89.90.

Shares of GWR opened at $83.32 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.26. The stock has a market capitalization of $5.47 billion, a PE ratio of 28.63, a P/E/G ratio of 1.35 and a beta of 1.73. Genesee & Wyoming has a 1 year low of $67.61 and a 1 year high of $92.91.

Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings data on Friday, July 27th. The transportation company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. The business had revenue of $595.00 million during the quarter, compared to analysts’ expectations of $592.93 million. Genesee & Wyoming had a return on equity of 5.32% and a net margin of 25.71%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. As a group, sell-side analysts expect that Genesee & Wyoming will post 3.86 EPS for the current year.

In other news, EVP Matthew O. Walsh sold 3,122 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $88.38, for a total transaction of $275,922.36. Following the sale, the executive vice president now owns 107,375 shares of the company’s stock, valued at approximately $9,489,802.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher F. Liucci sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $89.04, for a total value of $89,040.00. Following the sale, the insider now directly owns 18,189 shares in the company, valued at approximately $1,619,548.56. The disclosure for this sale can be found here. Insiders have sold a total of 26,377 shares of company stock worth $2,324,870 in the last three months. Corporate insiders own 2.41% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Golden Gate Private Equity Inc. acquired a new position in Genesee & Wyoming during the second quarter worth approximately $3,806,000. Wells Fargo & Company MN increased its position in Genesee & Wyoming by 8.1% during the second quarter. Wells Fargo & Company MN now owns 687,639 shares of the transportation company’s stock worth $55,919,000 after buying an additional 51,438 shares during the period. Schwab Charles Investment Management Inc. increased its position in Genesee & Wyoming by 5.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 323,930 shares of the transportation company’s stock worth $26,342,000 after buying an additional 16,646 shares during the period. Mackay Shields LLC acquired a new position in Genesee & Wyoming during the second quarter worth approximately $6,624,000. Finally, Jane Street Group LLC increased its position in Genesee & Wyoming by 99.2% during the first quarter. Jane Street Group LLC now owns 8,476 shares of the transportation company’s stock worth $600,000 after buying an additional 4,220 shares during the period. 93.37% of the stock is currently owned by institutional investors and hedge funds.

Genesee & Wyoming Company Profile

Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.

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Analyst Recommendations for Genesee & Wyoming (NYSE:GWR)

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