Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of Genesee & Wyoming (NYSE:GWR) in a report released on Tuesday, January 9th, MarketBeat.com reports. The brokerage set an “overweight” rating on the transportation company’s stock.
A number of other equities research analysts have also recently issued reports on GWR. Cowen reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Genesee & Wyoming in a research note on Tuesday, September 12th. Zacks Investment Research cut shares of Genesee & Wyoming from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Genesee & Wyoming in a research note on Wednesday, November 1st. Bank of America upped their price objective on shares of Genesee & Wyoming from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, TheStreet raised shares of Genesee & Wyoming from a “c+” rating to a “b-” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.20.
Genesee & Wyoming (NYSE:GWR) opened at $83.13 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.30 and a debt-to-equity ratio of 0.69. Genesee & Wyoming has a 12 month low of $61.44 and a 12 month high of $84.40. The company has a market cap of $5,190.00, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 2.53 and a beta of 1.81.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.02). Genesee & Wyoming had a return on equity of 5.80% and a net margin of 6.10%. The company had revenue of $576.90 million during the quarter, compared to analysts’ expectations of $573.60 million. During the same period in the prior year, the firm earned $0.95 EPS. Genesee & Wyoming’s quarterly revenue was up 15.1% on a year-over-year basis. sell-side analysts expect that Genesee & Wyoming will post 2.9 earnings per share for the current year.
In other news, insider John C. Hellmann sold 12,332 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $73.71, for a total value of $908,991.72. Following the completion of the sale, the insider now owns 404,076 shares of the company’s stock, valued at approximately $29,784,441.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.45% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in Genesee & Wyoming during the 2nd quarter valued at $132,357,000. Manning & Napier Advisors LLC bought a new stake in Genesee & Wyoming during the 3rd quarter valued at $89,115,000. Wells Fargo & Company MN raised its holdings in Genesee & Wyoming by 46.5% during the 2nd quarter. Wells Fargo & Company MN now owns 474,432 shares of the transportation company’s stock valued at $32,446,000 after buying an additional 150,628 shares during the last quarter. Precocity Capital LP bought a new stake in Genesee & Wyoming during the 2nd quarter valued at $10,259,000. Finally, Rare Infrastructure Ltd raised its holdings in Genesee & Wyoming by 70,609.6% during the 2nd quarter. Rare Infrastructure Ltd now owns 147,783 shares of the transportation company’s stock valued at $10,107,000 after buying an additional 147,574 shares during the last quarter. 96.21% of the stock is owned by institutional investors.
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About Genesee & Wyoming
Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.
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