Genesee & Wyoming Inc (GWR) Receives $83.63 Consensus Price Target from Brokerages

Shares of Genesee & Wyoming Inc (NYSE:GWR) have received an average rating of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $83.63.

Several research analysts recently weighed in on the stock. Cowen restated an “outperform” rating and issued a $87.00 price objective (down previously from $92.00) on shares of Genesee & Wyoming in a research report on Thursday, February 7th. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Morgan Stanley cut shares of Genesee & Wyoming from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $81.00 to $75.00 in a research report on Monday, October 22nd. Stifel Nicolaus set a $93.00 price objective on shares of Genesee & Wyoming and gave the stock a “buy” rating in a research report on Thursday, November 1st. Finally, Citigroup cut shares of Genesee & Wyoming from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 30th.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank grew its holdings in Genesee & Wyoming by 8.3% during the 4th quarter. Amalgamated Bank now owns 12,062 shares of the transportation company’s stock worth $893,000 after acquiring an additional 925 shares during the period. Elliott Management Corp acquired a new stake in Genesee & Wyoming during the 4th quarter worth $4,627,000. Millennium Management LLC acquired a new stake in Genesee & Wyoming during the 4th quarter worth $873,000. Legal & General Group Plc grew its holdings in Genesee & Wyoming by 1.6% during the 4th quarter. Legal & General Group Plc now owns 144,676 shares of the transportation company’s stock worth $10,709,000 after acquiring an additional 2,344 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Genesee & Wyoming by 10.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 336,288 shares of the transportation company’s stock worth $24,892,000 after acquiring an additional 32,267 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:GWR traded up $0.70 during trading on Friday, reaching $83.43. The stock had a trading volume of 4,904 shares, compared to its average volume of 435,340. Genesee & Wyoming has a 52 week low of $67.61 and a 52 week high of $92.91. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4.88 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.60.

Genesee & Wyoming (NYSE:GWR) last posted its earnings results on Wednesday, February 6th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.11. Genesee & Wyoming had a net margin of 10.41% and a return on equity of 6.19%. The company had revenue of $575.60 million during the quarter, compared to analysts’ expectations of $570.71 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. Genesee & Wyoming’s quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts forecast that Genesee & Wyoming will post 4.39 EPS for the current fiscal year.

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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