Genesee & Wyoming (GWR) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Genesee & Wyoming (NYSE:GWR) from a hold rating to a buy rating in a research note issued to investors on Thursday. They currently have $91.00 price objective on the transportation company’s stock.

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. “

A number of other brokerages have also weighed in on GWR. Stifel Nicolaus restated a buy rating and set a $90.00 price target on shares of Genesee & Wyoming in a research note on Saturday, June 2nd. Stephens boosted their price target on Genesee & Wyoming from $85.00 to $90.00 and gave the stock an in-line rating in a research note on Thursday, June 14th. Morgan Stanley boosted their price target on Genesee & Wyoming to $75.00 and gave the stock an equal weight rating in a research note on Monday, May 7th. Credit Suisse Group dropped their price target on Genesee & Wyoming from $83.00 to $80.00 and set an outperform rating on the stock in a research note on Wednesday, May 2nd. Finally, Goldman Sachs Group began coverage on Genesee & Wyoming in a research note on Tuesday, April 10th. They set a neutral rating and a $76.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $83.00.

Shares of GWR stock opened at $81.51 on Thursday. Genesee & Wyoming has a fifty-two week low of $64.31 and a fifty-two week high of $84.40. The stock has a market cap of $4.93 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 1.21 and a beta of 1.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.30 and a current ratio of 1.42.

Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings results on Tuesday, May 1st. The transportation company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.03). Genesee & Wyoming had a return on equity of 5.29% and a net margin of 26.41%. The business had revenue of $547.70 million for the quarter, compared to analysts’ expectations of $572.60 million. During the same quarter in the previous year, the firm posted $0.53 EPS. Genesee & Wyoming’s revenue was up 5.5% on a year-over-year basis. sell-side analysts predict that Genesee & Wyoming will post 3.84 EPS for the current year.

In related news, insider Christopher F. Liucci sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $74.72, for a total value of $74,720.00. Following the sale, the insider now owns 21,189 shares in the company, valued at $1,583,242.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 2,300 shares of company stock worth $177,230. 2.41% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of GWR. A.R.T. Advisors LLC purchased a new stake in Genesee & Wyoming in the first quarter valued at approximately $269,000. Gideon Capital Advisors Inc. purchased a new stake in Genesee & Wyoming in the 1st quarter worth approximately $283,000. Xact Kapitalforvaltning AB purchased a new stake in Genesee & Wyoming in the 4th quarter worth approximately $325,000. Jane Street Group LLC boosted its position in Genesee & Wyoming by 126.9% in the 4th quarter. Jane Street Group LLC now owns 4,256 shares of the transportation company’s stock worth $335,000 after purchasing an additional 20,099 shares in the last quarter. Finally, D.B. Root & Company LLC purchased a new stake in Genesee & Wyoming in the 1st quarter worth approximately $364,000. Hedge funds and other institutional investors own 95.73% of the company’s stock.

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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