Genesee & Wyoming, Inc. (GWR) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Genesee & Wyoming, Inc. (NYSE:GWR) from a sell rating to a hold rating in a report released on Thursday.

According to Zacks, “Genesee & Wyoming Inc. (G&W) is unique in the rail-freight industry. G&W owns and operates short line and regional freight railroads and provides related rail services. The company’s railroads offer a short line’s customer focus and entrepreneurial spirit on a global scale, investing in long-term relationships with customers in North America, Australia, Europe and elsewhere. Genesee & Wyoming Inc. operates in three business segments in two geographic areas: North America Railroad Operations, Australian Railroad Operations, and Industrial Switching. It has grown to be a leading owner and operator of short line and regional freight railroads serving customers in five countries. “

Other research analysts also recently issued reports about the company. Cowen and Company reissued a buy rating and issued a $75.00 price objective on shares of Genesee & Wyoming in a research note on Tuesday, September 12th. Stifel Nicolaus reaffirmed a hold rating and set a $76.00 price target on shares of Genesee & Wyoming in a research note on Wednesday, November 1st. Finally, BidaskClub downgraded Genesee & Wyoming from a hold rating to a sell rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Genesee & Wyoming currently has a consensus rating of Hold and an average price target of $80.20.

Genesee & Wyoming (GWR) opened at $74.04 on Thursday. The stock has a market capitalization of $4,615.36, a PE ratio of 23.65, a PEG ratio of 3.85 and a beta of 1.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 1.18. Genesee & Wyoming has a 52 week low of $61.44 and a 52 week high of $80.73.

Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). The business had revenue of $576.90 million during the quarter, compared to analyst estimates of $573.60 million. Genesee & Wyoming had a net margin of 6.10% and a return on equity of 5.80%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. sell-side analysts predict that Genesee & Wyoming will post 2.91 earnings per share for the current fiscal year.

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In other Genesee & Wyoming news, insider John C. Hellmann sold 13,947 shares of the business’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 transaction of $926,917.62. Following the completion of the sale, the insider now directly owns 405,639 shares of the company’s stock, valued at approximately $26,958,767.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher F. Liucci sold 1,401 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $66.92, for a total value of $93,754.92. Following the sale, the insider now directly owns 22,982 shares of the company’s stock, valued at $1,537,955.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,931 shares of company stock worth $2,058,531. 3.45% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of GWR. Global X Management Co. LLC increased its holdings in 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 worth $133,000 after purchasing an additional 1,342 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Genesee & Wyoming by 8.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the transportation company’s stock worth $182,000 after purchasing an additional 210 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Genesee & Wyoming during the 3rd quarter worth approximately $211,000. Quantbot Technologies LP increased its holdings in Genesee & Wyoming by 38.8% during the 2nd quarter. Quantbot Technologies LP now owns 3,813 shares of the transportation company’s stock worth $260,000 after purchasing an additional 1,065 shares in the last quarter. Finally, World Asset Management Inc increased its holdings in Genesee & Wyoming by 2.4% during the 2nd quarter. World Asset Management Inc now owns 3,881 shares of the transportation company’s stock worth $265,000 after purchasing an additional 91 shares in the last quarter. 95.75% of the stock is owned by hedge funds and other institutional investors.

Genesee & Wyoming Company Profile

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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Analyst Recommendations for Genesee & Wyoming (NYSE:GWR)

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