Genesee & Wyoming Given Consensus Rating of “Buy” by Brokerages (NYSE:GWR)
Genesee & Wyoming (NYSE:GWR) has received an average recommendation of “Buy” from the nine analysts that are presently covering the stock, AnalystRatings.Net reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $109.25.
A number of research firms have recently commented on GWR. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Genesee & Wyoming in a research note on Monday, August 4th. They now have a $107.00 price target on the stock, down previously from $112.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Genesee & Wyoming in a research note on Monday, August 4th. They now have a $107.00 price target on the stock, down previously from $110.00. Finally, analysts at Cowen and Company cut their price target on shares of Genesee & Wyoming from $113.00 to $110.00 in a research note on Monday, August 4th. They now have an “outperform” rating on the stock.
Shares of Genesee & Wyoming (NYSE:GWR) opened at 96.50 on Friday. Genesee & Wyoming has a 1-year low of $86.00 and a 1-year high of $106.02. The stock has a 50-day moving average of $100.2 and a 200-day moving average of $97.93. The company has a market cap of $5.190 billion and a price-to-earnings ratio of 23.91.
Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.11 by $0.01. The company had revenue of $414.60 million for the quarter, compared to the consensus estimate of $411.13 million. During the same quarter last year, the company posted $1.14 earnings per share. Genesee & Wyoming’s revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Genesee & Wyoming will post $4.21 earnings per share for the current fiscal year.
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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