Credit Suisse Group downgraded shares of Genesee & Wyoming (NYSE:GWR) from an outperform rating to an underperform rating in a research report released on Friday, Marketbeat Ratings reports. They currently have $71.00 target price on the transportation company’s stock, down from their prior target price of $90.00.
Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Genesee & Wyoming from a buy rating to a hold rating in a research report on Wednesday, August 1st. Raymond James lifted their target price on Genesee & Wyoming from $90.00 to $96.00 and gave the company a strong-buy rating in a research report on Monday, July 30th. Citigroup lifted their target price on Genesee & Wyoming from $84.00 to $95.00 and gave the company a buy rating in a research report on Monday, July 30th. ValuEngine downgraded Genesee & Wyoming from a buy rating to a hold rating in a research report on Thursday, October 18th. Finally, Stifel Nicolaus set a $93.00 target price on Genesee & Wyoming and gave the company a buy rating in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Genesee & Wyoming currently has an average rating of Hold and a consensus price target of $87.70.
Shares of GWR opened at $79.70 on Friday. The stock has a market capitalization of $4.75 billion, a P/E ratio of 27.39, a P/E/G ratio of 1.16 and a beta of 1.71. Genesee & Wyoming has a 12-month low of $67.61 and a 12-month high of $92.91. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.22 and a current ratio of 1.33.
Genesee & Wyoming (NYSE:GWR) last released its earnings results on Tuesday, October 30th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $603.30 million during the quarter, compared to the consensus estimate of $594.40 million. Genesee & Wyoming had a return on equity of 5.81% and a net margin of 26.25%. Genesee & Wyoming’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. Analysts expect that Genesee & Wyoming will post 3.86 earnings per share for the current year.
In other news, CFO Timothy J. Gallagher sold 4,116 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $88.00, for a total transaction of $362,208.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher F. Liucci sold 1,137 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $89.25, for a total value of $101,477.25. Following the transaction, the insider now directly owns 19,326 shares of the company’s stock, valued at $1,724,845.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,255 shares of company stock valued at $1,959,907. 2.41% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in GWR. First Wilshire Securities Management Inc. acquired a new position in shares of Genesee & Wyoming during the second quarter worth about $203,000. FCA Corp TX acquired a new position in Genesee & Wyoming in the third quarter valued at approximately $205,000. Cadence Capital Management LLC acquired a new position in Genesee & Wyoming in the third quarter valued at approximately $214,000. Wedgewood Investors Inc. PA acquired a new position in Genesee & Wyoming in the second quarter valued at approximately $220,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Genesee & Wyoming in the second quarter valued at approximately $258,000. 92.42% of the stock is 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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