Genesee & Wyoming Given New $104.00 Price Target at Deutsche Bank (GWR)
Deutsche Bank increased their target price on shares of Genesee & Wyoming (NYSE:GWR) from $101.00 to $104.00 in a research note issued on Monday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 4.61% from the company’s current price.
Genesee & Wyoming (NYSE:GWR) traded up 0.13% on Monday, hitting $99.55. The stock had a trading volume of 210,033 shares. Genesee & Wyoming has a 52 week low of $66.66 and a 52 week high of $102.20. The stock has a 50-day moving average of $95.69 and a 200-day moving average of $90.26. The company has a market cap of $5.438 billion and a P/E ratio of 26.89.
Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings data on Friday, November 1st. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.03. The company had revenue of $401.40 million for the quarter, compared to the consensus estimate of $403.43 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 80.2% on a year-over-year basis. Analysts expect that Genesee & Wyoming will post $4.44 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Genesee & Wyoming from $98.00 to $109.00 in a research note to investors on Friday. Separately, analysts at Credit Suisse raised their price target on shares of Genesee & Wyoming from $100.00 to $104.00 in a research note to investors on Tuesday, October 15th. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Genesee & Wyoming in a research note to investors on Monday, October 14th. They now have a $100.00 price target on the stock, up previously from $94.00. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Genesee & Wyoming presently has an average rating of “Buy” and an average price target of $101.11.
Genesee & Wyoming Inc owns and operates short line and regional freight railroads and provides railcar switching and other rail-related services in the United States, Australia, Canada, the Netherlands and Belgium.
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