Genesee & Wyoming Inc. (GWR) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Genesee & Wyoming Inc. (NYSE:GWR) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. Zacks Investment Research currently has $75.00 price objective on the stock.
According to Zacks, “GENESEE & WYOMING owns and operates short line and regional freight railroads and provides related rail services. They operate in three business segments in two geographic areas: North American Railroad Operations, Australian Railroad Operations, and Industrial Switching. “
Separately, Credit Suisse Group AG reissued a buy rating and set a $73.00 price objective (up previously from $70.00) on shares of Genesee & Wyoming in a report on Tuesday, August 16th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $71.00.
Genesee & Wyoming (NYSE:GWR) traded up 0.22% during mid-day trading on Wednesday, reaching $68.12. The company’s stock had a trading volume of 24,605 shares. Genesee & Wyoming has a 12-month low of $41.56 and a 12-month high of $73.33. The firm has a market cap of $3.95 billion, a PE ratio of 17.73 and a beta of 1.71. The company has a 50-day moving average price of $67.55 and a 200-day moving average price of $63.43.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Monday, August 1st. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.78 by $0.15. Genesee & Wyoming had a net margin of 10.94% and a return on equity of 8.07%. The business earned $501.40 million during the quarter, compared to the consensus estimate of $490.50 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue was down 7.5% on a year-over-year basis. On average, equities research analysts expect that Genesee & Wyoming will post $3.56 earnings per share for the current year.
In other Genesee & Wyoming news, General Counsel Allison M. Fergus sold 2,271 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $64.69, for a total value of $146,910.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Timothy J. Gallagher sold 4,600 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $64.55, for a total transaction of $296,930.00. Following the completion of the sale, the chief financial officer now owns 54,847 shares of the company’s stock, valued at $3,540,373.85. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.
A number of large investors have recently made changes to their positions in GWR. Macquarie Group Ltd. increased its stake in shares of Genesee & Wyoming by 1,083.1% in the second quarter. Macquarie Group Ltd. now owns 34,737 shares of the company’s stock valued at $2,048,000 after buying an additional 31,801 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Genesee & Wyoming by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,867 shares of the company’s stock valued at $582,000 after buying an additional 42 shares during the period. Mason Street Advisors LLC purchased a new stake in shares of Genesee & Wyoming during the second quarter valued at $1,537,000. Aristotle Capital Boston LLC increased its stake in shares of Genesee & Wyoming by 3.8% in the second quarter. Aristotle Capital Boston LLC now owns 73,988 shares of the company’s stock valued at $4,362,000 after buying an additional 2,717 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Genesee & Wyoming by 14.1% in the second quarter. Royal Bank of Canada now owns 16,397 shares of the company’s stock valued at $966,000 after buying an additional 2,024 shares during the period. Institutional investors own 98.10% of the company’s stock.
Genesee & Wyoming Company Profile
Genesee & Wyoming Inc owns and operates over 120 freight railroads across the world, which are organized in approximately 10 regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations. In the United States, the Company has over eight regions, such as Central, Coastal (which includes industrial switching and port operations), Midwest, Mountain West (which includes industrial switching operations), Northeast, Ohio Valley, Pacific and Southern.
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