Genesee & Wyoming Inc. (NYSE:GWR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “GENESEE & WYOMING owns and operates short line and regional freight railroads and provides related rail services. They operate in three business segments in two geographic areas: North American Railroad Operations, Australian Railroad Operations, and Industrial Switching. “

Separately, Credit Suisse Group AG reiterated a “buy” rating and set a $73.00 price target (up from $70.00) on shares of Genesee & Wyoming in a research report on Tuesday, August 16th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $71.00.

Analyst Recommendations for Genesee & Wyoming (NYSE:GWR)

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Genesee & Wyoming (NYSE:GWR) traded up 0.16% on Monday, hitting $68.77. The stock had a trading volume of 281,141 shares. The company has a 50-day moving average of $67.48 and a 200 day moving average of $63.75. Genesee & Wyoming has a 12 month low of $41.56 and a 12 month high of $73.33. The company has a market cap of $3.99 billion, a PE ratio of 17.90 and a beta of 1.71.

Genesee & Wyoming (NYSE:GWR) last released its earnings results on Monday, August 1st. The company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.15. Genesee & Wyoming had a return on equity of 8.07% and a net margin of 10.94%. The firm earned $501.40 million during the quarter, compared to the consensus estimate of $490.50 million. The company’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. On average, analysts predict that Genesee & Wyoming will post $3.56 EPS for the current fiscal year.

In related news, CFO Timothy J. Gallagher sold 4,600 shares of the business’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 completion of the sale, the chief financial officer now directly owns 54,847 shares in the company, valued at $3,540,373.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Allison M. Fergus sold 2,271 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $64.69, for a total value of $146,910.99. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Loomis Sayles & Co. L P boosted its stake in shares of Genesee & Wyoming by 5.0% in the first quarter. Loomis Sayles & Co. L P now owns 1,073,229 shares of the company’s stock valued at $67,291,000 after buying an additional 50,752 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Genesee & Wyoming by 165.2% in the first quarter. Goldman Sachs Group Inc. now owns 627,756 shares of the company’s stock worth $39,360,000 after buying an additional 391,008 shares during the period. UBS Group AG raised its position in Genesee & Wyoming by 7.1% in the first quarter. UBS Group AG now owns 67,123 shares of the company’s stock worth $4,209,000 after buying an additional 4,439 shares during the period. Lazard Asset Management LLC bought a new position in Genesee & Wyoming during the first quarter worth $173,415,000. Finally, State Street Corp raised its position in Genesee & Wyoming by 3.5% in the first quarter. State Street Corp now owns 1,558,395 shares of the company’s stock worth $97,712,000 after buying an additional 53,016 shares during the period. Hedge funds and other institutional investors own 98.07% of the company’s stock.

Genesee & Wyoming Company Profile

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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