Genesee & Wyoming Inc. (NYSE:GWR) Given Consensus Rating of “Hold” by Brokerages
Shares of Genesee & Wyoming Inc. (NYSE:GWR) have been assigned an average recommendation of “Buy” from the fourteen analysts that are currently covering the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $72.67.
A number of analysts recently commented on GWR shares. 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. Zacks Investment Research raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Tuesday, July 5th.
In related news, insider John C. Hellmann sold 12,976 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $69.21, for a total transaction of $898,068.96. Following the completion of the transaction, the insider now owns 362,073 shares of the company’s stock, valued at $25,059,072.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy J. Gallagher sold 4,600 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $64.55, for a total transaction of $296,930.00. Following the transaction, the chief financial officer now directly owns 54,847 shares of the company’s stock, valued at approximately $3,540,373.85. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.
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Institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC raised its position in shares of Genesee & Wyoming by 72.1% in the second quarter. LS Investment Advisors LLC now owns 3,524 shares of the company’s stock valued at $208,000 after buying an additional 1,476 shares during the period. FCA Corp TX bought a new position in shares of Genesee & Wyoming during the second quarter valued at approximately $221,000. Barclays PLC raised its position in shares of Genesee & Wyoming by 11.9% in the second quarter. Barclays PLC now owns 3,930 shares of the company’s stock valued at $233,000 after buying an additional 419 shares during the period. Seven Eight Capital LLC bought a new position in shares of Genesee & Wyoming during the second quarter valued at approximately $265,000. Finally, Hendley & Co. Inc. raised its position in shares of Genesee & Wyoming by 0.8% in the second quarter. Hendley & Co. Inc. now owns 4,503 shares of the company’s stock valued at $265,000 after buying an additional 35 shares during the period. 98.10% of the stock is owned by hedge funds and other institutional investors.
Genesee & Wyoming (NYSE:GWR) traded down 0.06% during trading on Wednesday, hitting $65.02. 179,849 shares of the company were exchanged. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 16.93 and a beta of 1.68. Genesee & Wyoming has a 12 month low of $41.56 and a 12 month high of $73.33. The company has a 50-day moving average of $66.67 and a 200-day moving average of $62.95.
Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Monday, August 1st. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.15. The firm had revenue of $501.40 million for the quarter, compared to the consensus estimate of $490.50 million. Genesee & Wyoming had a net margin of 10.94% and a return on equity of 8.07%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Analysts forecast that Genesee & Wyoming will post $3.56 EPS for the current year.
About Genesee & Wyoming
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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