Genesee & Wyoming (NYSE:GWR) had its target price cut by equities research analysts at Credit Suisse Group from $94.00 to $80.00 in a report issued on Monday. The firm currently has an “outperform” rating on the transportation company’s stock. Credit Suisse Group’s target price suggests a potential upside of 15.51% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the company. Bank of America boosted their price objective on Genesee & Wyoming from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, November 10th. JPMorgan Chase & Co. initiated coverage on Genesee & Wyoming in a research note on Tuesday, January 9th. They issued an “overweight” rating for the company. Zacks Investment Research upgraded Genesee & Wyoming from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. TheStreet upgraded Genesee & Wyoming from a “c+” rating to a “b-” rating in a research note on Tuesday, December 19th. Finally, Cowen reiterated a “buy” rating and issued a $81.00 price objective on shares of Genesee & Wyoming in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Genesee & Wyoming presently has an average rating of “Hold” and a consensus price target of $81.83.
Shares of Genesee & Wyoming (NYSE:GWR) traded down $0.33 during midday trading on Monday, reaching $69.26. The company’s stock had a trading volume of 18,677 shares, compared to its average volume of 378,987. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.14 and a current ratio of 1.26. Genesee & Wyoming has a one year low of $61.44 and a one year high of $84.40. The stock has a market capitalization of $4,341.30, a PE ratio of 7.94, a P/E/G ratio of 2.05 and a beta of 1.71.
In other news, insider John C. Hellmann sold 12,332 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $73.71, for a total value of $908,991.72. Following the transaction, the insider now owns 404,076 shares of the company’s stock, valued at $29,784,441.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.45% of the company’s stock.
Several large investors have recently added to or reduced their stakes in GWR. Pinebridge Investments L.P. acquired a new position in shares of Genesee & Wyoming in the third quarter valued at approximately $144,000. Sowell Financial Services LLC acquired a new position in shares of Genesee & Wyoming in the third quarter valued at approximately $211,000. Wedgewood Investors Inc. PA acquired a new position in shares of Genesee & Wyoming in the fourth quarter valued at approximately $213,000. FDx Advisors Inc. acquired a new position in shares of Genesee & Wyoming in the fourth quarter valued at approximately $265,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Genesee & Wyoming in the fourth quarter valued at approximately $283,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.
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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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