Genesee & Wyoming (NYSE:GWR) Lowered to Underperform at Credit Suisse Group

Genesee & Wyoming (NYSE:GWR) was downgraded by stock analysts at Credit Suisse Group from an “outperform” rating to an “underperform” rating in a report issued on Friday, November 2nd, Marketbeat.com reports. They currently have a $71.00 price target on the transportation company’s stock, down from their previous price target of $90.00. Credit Suisse Group’s price objective points to a potential downside of 12.44% from the stock’s previous close.

A number of other analysts have also recently weighed in on GWR. Zacks Investment Research raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Thursday, July 5th. Citigroup upped their price objective on shares of Genesee & Wyoming from $84.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, July 30th. Cowen upped their price objective on shares of Genesee & Wyoming from $77.00 to $92.00 and gave the company an “outperform” rating in a research report on Monday, July 30th. Wolfe Research cut shares of Genesee & Wyoming from an “outperform” rating to a “market perform” rating in a research report on Monday, July 30th. Finally, Raymond James upped their price objective on shares of Genesee & Wyoming from $90.00 to $96.00 and gave the company a “strong-buy” rating in a research report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $87.70.

Genesee & Wyoming stock traded down $1.04 during trading on Friday, reaching $81.09. 722,553 shares of the company’s stock were exchanged, compared to its average volume of 690,392. The company has a current ratio of 1.33, a quick ratio of 1.22 and a debt-to-equity ratio of 0.61. Genesee & Wyoming has a 52-week low of $67.61 and a 52-week high of $92.91. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.71.

Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.23 earnings per share 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 firm had revenue of $603.30 million during the quarter, compared to analysts’ expectations of $594.40 million. During the same period in the prior year, the company earned $0.81 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. Analysts forecast that Genesee & Wyoming will post 3.85 earnings per share for the current year.

In other news, CFO Timothy J. Gallagher sold 4,116 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $88.00, for a total value of $362,208.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John C. Hellmann sold 11,467 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $88.01, for a total transaction of $1,009,210.67. Following the completion of the sale, the insider now owns 399,407 shares in the company, valued at approximately $35,151,810.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,255 shares of company stock worth $1,959,907. Company insiders own 2.41% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board raised its stake in shares of Genesee & Wyoming by 24.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 252,006 shares of the transportation company’s stock valued at $22,930,000 after purchasing an additional 49,100 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Genesee & Wyoming by 2.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 111,064 shares of the transportation company’s stock valued at $10,175,000 after purchasing an additional 2,291 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of Genesee & Wyoming by 1.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 95,286 shares of the transportation company’s stock valued at $8,670,000 after purchasing an additional 1,821 shares in the last quarter. Commonwealth Bank of Australia acquired a new stake in shares of Genesee & Wyoming in the 3rd quarter valued at about $373,000. Finally, Twin Capital Management Inc. acquired a new stake in shares of Genesee & Wyoming in the 3rd quarter valued at about $648,000. Institutional investors and hedge funds own 92.42% 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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Analyst Recommendations for Genesee & Wyoming (NYSE:GWR)

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