Cowen and Company Reiterates Buy Rating for Genesee & Wyoming, Inc. (GWR)

Genesee & Wyoming, Inc. (NYSE:GWR)‘s stock had its “buy” rating reiterated by research analysts at Cowen and Company in a research note issued on Wednesday. They currently have a $81.00 price target on the transportation company’s stock. Cowen and Company’s target price would indicate a potential upside of 10.66% from the stock’s current price.

GWR has been the topic of a number of other research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $76.00 target price on shares of Genesee & Wyoming in a research note on Wednesday. BidaskClub lowered shares of Genesee & Wyoming from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research cut shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $78.80.

Shares of Genesee & Wyoming (NYSE:GWR) traded up $0.82 during trading on Wednesday, hitting $73.20. 631,984 shares of the company traded hands, compared to its average volume of 333,215. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $4.52 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 3.76 and a beta of 1.78.

Genesee & Wyoming (NYSE:GWR) last announced its earnings results on Tuesday, October 31st. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). The company had revenue of $576.90 million for the quarter, compared to the consensus estimate of $573.60 million. Genesee & Wyoming had a net margin of 6.10% and a return on equity of 5.80%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS. sell-side analysts forecast that Genesee & Wyoming will post 2.91 EPS for the current fiscal year.

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In related news, insider John C. Hellmann sold 13,947 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $66.46, for a total transaction of $926,917.62. Following the sale, the insider now owns 405,639 shares of the company’s stock, valued at $26,958,767.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Timothy J. Gallagher sold 5,073 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $66.84, for a total transaction of $339,079.32. Following the completion of the sale, the chief financial officer now directly owns 56,951 shares in the company, valued at approximately $3,806,604.84. The disclosure for this sale can be found here. Insiders have sold 30,931 shares of company stock valued at $2,058,531 over the last 90 days. 3.45% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in GWR. UBS Asset Management Americas Inc. raised its stake in shares of Genesee & Wyoming by 34.2% in the first quarter. UBS Asset Management Americas Inc. now owns 35,858 shares of the transportation company’s stock valued at $2,433,000 after acquiring an additional 9,132 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Genesee & Wyoming by 192.8% in the first quarter. JPMorgan Chase & Co. now owns 11,897 shares of the transportation company’s stock worth $808,000 after purchasing an additional 7,834 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Genesee & Wyoming by 586.6% in the first quarter. Teachers Advisors LLC now owns 411,667 shares of the transportation company’s stock worth $27,936,000 after purchasing an additional 351,710 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Genesee & Wyoming by 4.5% in the first quarter. Vanguard Group Inc. now owns 4,794,375 shares of the transportation company’s stock worth $325,346,000 after purchasing an additional 207,798 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Genesee & Wyoming by 9.2% in the first quarter. Morgan Stanley now owns 164,937 shares of the transportation company’s stock worth $11,192,000 after purchasing an additional 13,839 shares during the last quarter. 95.92% of the stock is currently owned by institutional investors and hedge funds.

Genesee & Wyoming Company Profile

Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.

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