Genesee & Wyoming Inc (GWR) Receives $85.75 Average Target Price from Analysts

Shares of Genesee & Wyoming Inc (NYSE:GWR) have earned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $85.75.

A number of research analysts recently issued reports on GWR shares. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating and set a $96.00 price target for the company in a research note on Thursday, October 11th. Citigroup cut shares of Genesee & Wyoming from a “buy” rating to a “neutral” rating in a report on Tuesday, October 30th. Morgan Stanley raised their price objective on shares of Genesee & Wyoming from $79.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 9th. Cowen reissued a “buy” rating and set a $92.00 price objective on shares of Genesee & Wyoming in a report on Wednesday, October 31st. Finally, JPMorgan Chase & Co. cut shares of Genesee & Wyoming from an “overweight” rating to a “neutral” rating in a report on Friday, October 12th.

Genesee & Wyoming stock traded down $1.74 during trading on Monday, reaching $78.45. The stock had a trading volume of 764,529 shares, compared to its average volume of 430,037. Genesee & Wyoming has a 52-week low of $67.61 and a 52-week high of $92.91. The company has a quick ratio of 1.22, a current ratio of 1.33 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $4.73 billion, a P/E ratio of 26.96, a P/E/G ratio of 1.19 and a beta of 1.75.

Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. Genesee & Wyoming had a net margin of 26.25% and a return on equity of 5.81%. The company had revenue of $603.30 million during the quarter, compared to the consensus estimate of $594.40 million. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, research analysts anticipate that Genesee & Wyoming will post 3.83 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Ancora Advisors LLC acquired a new stake in Genesee & Wyoming during the third quarter worth approximately $100,000. First Wilshire Securities Management Inc. acquired a new position in shares of Genesee & Wyoming in the 2nd quarter valued at $203,000. FCA Corp TX acquired a new position in shares of Genesee & Wyoming in the 3rd quarter valued at $205,000. Cadence Capital Management LLC acquired a new position in shares of Genesee & Wyoming in the 3rd quarter valued at $214,000. Finally, Wedgewood Investors Inc. PA acquired a new position in shares of Genesee & Wyoming in the 2nd quarter valued at $220,000. 93.14% of the stock is currently owned by institutional investors.

About Genesee & Wyoming

Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.

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Analyst Recommendations for Genesee & Wyoming (NYSE:GWR)

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