Genesee & Wyoming (NYSE:GWR) had its price target lowered by Morgan Stanley from $75.00 to $74.00 in a research note issued to investors on Wednesday. The brokerage presently has a “sell” rating on the transportation company’s stock. Morgan Stanley’s price target suggests a potential downside of 8.80% from the company’s previous close.
Several other research firms also recently commented on GWR. ValuEngine raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Zacks Investment Research raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Monday, August 6th. Bank of America downgraded shares of Genesee & Wyoming from a “buy” rating to a “neutral” rating and raised their price target for the stock from $90.00 to $94.00 in a research note on Thursday, August 9th. Wolfe Research downgraded shares of Genesee & Wyoming from an “outperform” rating to a “market perform” rating in a research note on Monday, July 30th. Finally, Cowen raised their price target on shares of Genesee & Wyoming from $77.00 to $92.00 and gave the stock an “outperform” rating in a research note on Monday, July 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $88.60.
GWR stock opened at $81.14 on Wednesday. The stock has a market capitalization of $4.84 billion, a P/E ratio of 27.88, a P/E/G ratio of 1.19 and a beta of 1.73. Genesee & Wyoming has a 12 month low of $67.61 and a 12 month high of $92.91. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 0.61.
Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.07. The company had revenue of $603.30 million for the quarter, compared to the consensus estimate of $594.40 million. Genesee & Wyoming had a net margin of 26.25% and a return on equity of 5.81%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 EPS. On average, equities research analysts expect that Genesee & Wyoming will post 3.85 EPS for the current fiscal year.
In other Genesee & Wyoming news, insider Christopher F. Liucci sold 1,137 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $89.25, for a total transaction of $101,477.25. Following the transaction, the insider now owns 19,326 shares of the company’s stock, valued at approximately $1,724,845.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher F. Liucci sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $89.04, for a total transaction of $89,040.00. Following the transaction, 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 23,255 shares of company stock worth $2,048,947 in the last three months. Insiders own 2.41% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. FCA Corp TX purchased a new position in Genesee & Wyoming during the 3rd quarter valued at about $205,000. First Wilshire Securities Management Inc. purchased a new position in shares of Genesee & Wyoming in the 2nd quarter worth approximately $203,000. Wedgewood Investors Inc. PA purchased a new position in shares of Genesee & Wyoming in the 2nd quarter worth approximately $220,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Genesee & Wyoming in the 2nd quarter worth approximately $258,000. Finally, Sawtooth Solutions LLC purchased a new position in shares of Genesee & Wyoming in the 2nd quarter worth approximately $270,000. 92.66% of the stock is currently owned by institutional investors and hedge funds.
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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