Cowen and Company Reiterates Buy Rating for Genesee & Wyoming, Inc. (GWR)

Cowen and Company restated their buy rating on shares of Genesee & Wyoming, Inc. (NYSE:GWR) in a research report released on Tuesday. Cowen and Company currently has a $75.00 price target on the transportation company’s stock.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Genesee & Wyoming from a buy rating to a hold rating in a report on Thursday, August 3rd. BidaskClub downgraded shares of Genesee & Wyoming from a sell rating to a strong sell rating in a report on Friday, July 28th. Finally, Morgan Stanley reiterated an equal weight rating on shares of Genesee & Wyoming in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Genesee & Wyoming currently has a consensus rating of Hold and an average target price of $75.67.

Genesee & Wyoming (NYSE:GWR) opened at 69.79 on Tuesday. The stock has a market cap of $4.35 billion, a P/E ratio of 30.58 and a beta of 1.70. The company has a 50 day moving average of $67.41 and a 200-day moving average of $67.17. Genesee & Wyoming has a 12-month low of $61.44 and a 12-month high of $80.73.

Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.07. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The company had revenue of $540.43 million for the quarter, compared to the consensus estimate of $539.59 million. During the same quarter in the prior year, the company earned $0.81 EPS. Genesee & Wyoming’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts forecast that Genesee & Wyoming will post $3.00 earnings per share for the current year.

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In other Genesee & Wyoming news, insider John C. Hellmann sold 13,947 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $66.46, for a total value of $926,917.62. Following the sale, the insider now owns 405,639 shares in the company, valued at approximately $26,958,767.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Allison M. Fergus sold 2,546 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $66.16, for a total value of $168,443.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,931 shares of company stock worth $2,058,531. Insiders own 3.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. boosted its position in Genesee & Wyoming by 8.4% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,546 shares of the transportation company’s stock worth $105,000 after purchasing an additional 120 shares in the last quarter. Neuburgh Advisers LLC lifted its position in shares of Genesee & Wyoming by 15.2% during the 1st quarter. Neuburgh Advisers LLC now owns 1,696 shares of the transportation company’s stock valued at $115,000 after buying an additional 224 shares in the last quarter. Global X Management Co. LLC lifted its position in shares of Genesee & Wyoming by 221.8% during the 2nd quarter. Global X Management Co. LLC now owns 1,947 shares of the transportation company’s stock valued at $133,000 after buying an additional 1,342 shares in the last quarter. Glen Harbor Capital Management LLC lifted its position in shares of Genesee & Wyoming by 15.2% during the 1st quarter. Glen Harbor Capital Management LLC now owns 2,332 shares of the transportation company’s stock valued at $158,000 after buying an additional 308 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Genesee & Wyoming by 34.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,445 shares of the transportation company’s stock valued at $166,000 after buying an additional 631 shares in the last quarter. Institutional investors and hedge funds own 96.22% 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.

Analyst Recommendations for Genesee & Wyoming (NYSE:GWR)

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