Zacks Investment Research cut shares of Genesee & Wyoming (NYSE:GWR) from a buy rating to a hold rating in a research report released on Saturday.
According to Zacks, “Genesee & Wyoming Inc. (G&W) is unique in the rail-freight industry. G&W owns and operates short line and regional freight railroads and provides related rail services. The company’s railroads offer a short line’s customer focus and entrepreneurial spirit on a global scale, investing in long-term relationships with customers in North America, Australia, Europe and elsewhere. Genesee & Wyoming Inc. operates in three business segments in two geographic areas: North America Railroad Operations, Australian Railroad Operations, and Industrial Switching. It has grown to be a leading owner and operator of short line and regional freight railroads serving customers in five countries. “
Several other equities analysts also recently weighed in on the company. Stephens raised their price target on Genesee & Wyoming from $85.00 to $90.00 and gave the stock an in-line rating in a research report on Thursday, June 14th. Stifel Nicolaus reissued a buy rating and set a $90.00 price target on shares of Genesee & Wyoming in a research report on Saturday, June 2nd. Morgan Stanley raised their price target on Genesee & Wyoming to $75.00 and gave the stock an equal weight rating in a research report on Monday, May 7th. Credit Suisse Group dropped their price target on Genesee & Wyoming from $83.00 to $80.00 and set an outperform rating for the company in a research report on Wednesday, May 2nd. Finally, Goldman Sachs Group began coverage on Genesee & Wyoming in a research report on Tuesday, April 10th. They set a neutral rating and a $76.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $83.00.
NYSE GWR opened at $83.28 on Friday. Genesee & Wyoming has a 1-year low of $64.31 and a 1-year high of $84.40. The company has a market capitalization of $5.07 billion, a P/E ratio of 27.04, a PEG ratio of 1.24 and a beta of 1.71. The company has a quick ratio of 1.30, a current ratio of 1.42 and a debt-to-equity ratio of 0.60.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Tuesday, May 1st. The transportation company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.03). Genesee & Wyoming had a net margin of 26.41% and a return on equity of 5.29%. The firm had revenue of $547.70 million during the quarter, compared to analysts’ expectations of $572.60 million. During the same period in the previous year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. equities research analysts expect that Genesee & Wyoming will post 3.84 EPS for the current fiscal year.
In other news, insider Christopher F. Liucci sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $79.11, for a total transaction of $79,110.00. Following the sale, the insider now owns 20,189 shares in the company, valued at $1,597,151.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 2,300 shares of company stock worth $177,230 in the last 90 days. Insiders own 2.41% of the company’s stock.
Several hedge funds have recently bought and sold shares of GWR. UBS Asset Management Americas Inc. boosted its holdings in shares of Genesee & Wyoming by 1.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 47,009 shares of the transportation company’s stock worth $3,701,000 after purchasing an additional 786 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Genesee & Wyoming by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 517,769 shares of the transportation company’s stock worth $40,763,000 after purchasing an additional 7,765 shares during the last quarter. Landscape Capital Management L.L.C. boosted its holdings in shares of Genesee & Wyoming by 46.3% during the fourth quarter. Landscape Capital Management L.L.C. now owns 7,442 shares of the transportation company’s stock worth $586,000 after purchasing an additional 2,355 shares during the last quarter. AMP Capital Investors Ltd boosted its holdings in shares of Genesee & Wyoming by 22.3% during the fourth quarter. AMP Capital Investors Ltd now owns 63,220 shares of the transportation company’s stock worth $4,977,000 after purchasing an additional 11,512 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in shares of Genesee & Wyoming during the fourth quarter worth $1,889,000. Institutional investors and hedge funds own 95.73% of the company’s stock.
About Genesee & Wyoming
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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