Genesee & Wyoming (GWR) Stock Rating Lowered by Zacks Investment Research

Genesee & Wyoming (NYSE:GWR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

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. “

Several other equities research analysts have also recently weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Genesee & Wyoming in a research report on Tuesday, April 10th. They set a “neutral” rating and a $76.00 price target for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $90.00 target price on shares of Genesee & Wyoming in a research report on Saturday, June 2nd. Morgan Stanley raised their target price on shares of Genesee & Wyoming to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, May 7th. Credit Suisse Group dropped their target price on shares of Genesee & Wyoming from $83.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, May 2nd. Finally, Stephens raised their target price on shares of Genesee & Wyoming from $85.00 to $90.00 and gave the stock an “in-line” rating in a research report on Thursday, June 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $83.00.

Shares of GWR opened at $83.28 on Friday. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 1.24 and a beta of 1.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.42 and a quick ratio of 1.30. Genesee & Wyoming has a twelve month low of $64.31 and a twelve month high of $84.40.

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

In other news, insider Christopher F. Liucci sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $79.11, for a total value of $79,110.00. Following the completion of the sale, the insider now directly owns 20,189 shares of the company’s stock, valued at approximately $1,597,151.79. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 2,300 shares of company stock valued at $177,230. Corporate insiders own 2.41% of the company’s stock.

Several large investors have recently bought and sold shares of the company. DF Dent & Co. Inc. increased its stake in shares of Genesee & Wyoming by 356.9% in the 4th quarter. DF Dent & Co. Inc. now owns 680,590 shares of the transportation company’s stock worth $53,583,000 after acquiring an additional 531,625 shares in the last quarter. Millennium Management LLC increased its stake in shares of Genesee & Wyoming by 339.6% in the 1st quarter. Millennium Management LLC now owns 466,325 shares of the transportation company’s stock worth $33,011,000 after acquiring an additional 360,246 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Genesee & Wyoming in the 1st quarter worth about $16,527,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Genesee & Wyoming by 26.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 939,578 shares of the transportation company’s stock worth $66,513,000 after acquiring an additional 198,203 shares in the last quarter. Finally, Rare Infrastructure Ltd increased its stake in shares of Genesee & Wyoming by 23.0% in the 4th quarter. Rare Infrastructure Ltd now owns 964,438 shares of the transportation company’s stock worth $75,931,000 after acquiring an additional 180,260 shares in the last quarter. 95.73% of the stock is 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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