Genesee & Wyoming (NYSE:GWR) had its target price raised by equities researchers at Morgan Stanley from $79.00 to $81.00 in a research note issued to investors on Tuesday. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s target price points to a potential downside of 2.47% from the company’s current price.
Several other brokerages also recently commented on GWR. Citigroup increased their target price on Genesee & Wyoming from $84.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Stephens increased their target price on Genesee & Wyoming from $85.00 to $90.00 and gave the company an “in-line” rating in a research note on Thursday, June 14th. Cowen increased their target price on Genesee & Wyoming from $77.00 to $92.00 and gave the company an “outperform” rating in a research note on Monday, July 30th. Stifel Nicolaus set a $96.00 target price on Genesee & Wyoming and gave the company a “buy” rating in a research note on Monday, July 30th. Finally, Zacks Investment Research upgraded Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Tuesday, July 24th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $89.90.
Shares of Genesee & Wyoming stock traded up $0.48 during midday trading on Tuesday, hitting $83.05. The company had a trading volume of 10,216 shares, compared to its average volume of 494,341. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $5.47 billion, a P/E ratio of 28.35, a PEG ratio of 1.35 and a beta of 1.73. Genesee & Wyoming has a 52-week low of $67.61 and a 52-week high of $92.91.
Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Friday, July 27th. The transportation company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.02. The company had revenue of $595.00 million for the quarter, compared to the consensus estimate of $592.93 million. Genesee & Wyoming had a return on equity of 5.32% and a net margin of 25.71%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. As a group, equities analysts expect that Genesee & Wyoming will post 3.86 EPS for the current year.
In other news, EVP Matthew O. Walsh sold 3,122 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $88.38, for a total transaction of $275,922.36. Following the transaction, the executive vice president now directly owns 107,375 shares of the company’s stock, valued at approximately $9,489,802.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO David A. Brown sold 3,429 shares of the stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $87.98, for a total value of $301,683.42. Following the transaction, the chief operating officer now directly owns 33,938 shares in the company, valued at $2,985,865.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,377 shares of company stock worth $2,324,870. Company insiders own 2.41% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Harbour Group L.P. bought a new position in shares of Genesee & Wyoming during the 2nd quarter valued at $75,463,000. DF Dent & Co. Inc. lifted its holdings in shares of Genesee & Wyoming by 0.3% during the 2nd quarter. DF Dent & Co. Inc. now owns 873,795 shares of the transportation company’s stock valued at $71,057,000 after buying an additional 2,812 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Genesee & Wyoming by 8.1% during the 2nd quarter. Wells Fargo & Company MN now owns 687,639 shares of the transportation company’s stock valued at $55,919,000 after buying an additional 51,438 shares during the period. Victory Capital Management Inc. raised its holdings in Genesee & Wyoming by 6.8% in the 2nd quarter. Victory Capital Management Inc. now owns 541,168 shares of the transportation company’s stock worth $44,008,000 after purchasing an additional 34,411 shares during the period. Finally, Northern Trust Corp raised its holdings in Genesee & Wyoming by 12.1% in the 2nd quarter. Northern Trust Corp now owns 539,330 shares of the transportation company’s stock worth $43,858,000 after purchasing an additional 58,230 shares during the period. 93.37% of the stock is currently owned by hedge funds and other institutional investors.
Genesee & Wyoming Company Profile
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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