Morgan Stanley Reaffirms “Equal Weight” Rating for Genesee & Wyoming, Inc. (GWR)
Genesee & Wyoming, Inc. (NYSE:GWR)‘s stock had its “equal weight” rating restated by analysts at Morgan Stanley in a research note issued to investors on Tuesday.
Other research analysts have also recently issued reports about the company. Bank of America Corporation upgraded Genesee & Wyoming from a “neutral” rating to a “buy” rating and increased their price target for the company from $42.21 to $76.00 in a research note on Wednesday, April 19th. Cowen and Company reiterated a “buy” rating and issued a $75.00 price target on shares of Genesee & Wyoming in a research note on Tuesday. BidaskClub upgraded Genesee & Wyoming from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded Genesee & Wyoming from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Genesee & Wyoming in a research note on Tuesday, April 11th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $75.50.
Shares of Genesee & Wyoming (GWR) opened at 68.11 on Tuesday. The firm has a market capitalization of $4.24 billion, a PE ratio of 28.90 and a beta of 1.73. Genesee & Wyoming has a 1-year low of $59.45 and a 1-year high of $80.73. The stock has a 50 day moving average price of $65.65 and a 200 day moving average price of $69.35.
Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings results on Tuesday, May 2nd. The transportation company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.12. Genesee & Wyoming had a net margin of 6.89% and a return on equity of 6.61%. The firm had revenue of $519.10 million during the quarter, compared to the consensus estimate of $516.98 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Equities research analysts anticipate that Genesee & Wyoming will post $3.00 earnings per share for the current fiscal year.
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In related news, insider John C. Hellmann sold 14,825 shares of the stock in a transaction on Monday, April 24th. The stock was sold at an average price of $68.49, for a total value of $1,015,364.25. Following the completion of the sale, the insider now directly owns 406,229 shares in the company, valued at $27,822,624.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher F. Liucci sold 1,677 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $64.48, for a total value of $108,132.96. Following the completion of the sale, the insider now owns 23,258 shares of the company’s stock, valued at $1,499,675.84. The disclosure for this sale can be found here. Insiders sold 23,232 shares of company stock valued at $1,569,713 over the last 90 days. 3.80% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Genesee & Wyoming by 8,807.0% in the first quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock worth $341,280,000 after buying an additional 4,972,702 shares during the last quarter. FMR LLC increased its stake in Genesee & Wyoming by 21.1% in the first quarter. FMR LLC now owns 6,673,222 shares of the transportation company’s stock worth $452,845,000 after buying an additional 1,160,510 shares during the last quarter. Norges Bank bought a new stake in Genesee & Wyoming during the fourth quarter worth $34,199,000. Teachers Advisors LLC increased its stake in Genesee & Wyoming by 586.6% in the first quarter. Teachers Advisors LLC now owns 411,667 shares of the transportation company’s stock worth $27,936,000 after buying an additional 351,710 shares during the last quarter. Finally, ACK Asset Management LLC bought a new stake in Genesee & Wyoming during the first quarter worth $21,381,000. Institutional investors and hedge funds own 96.91% of the company’s stock.
About Genesee & Wyoming
Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.
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