Genesee & Wyoming Inc (GWR) Receives $83.00 Average Price Target from Analysts

Genesee & Wyoming Inc (NYSE:GWR) has earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $82.67.

Several equities analysts have recently issued reports on GWR shares. Stifel Nicolaus reissued a “hold” rating and issued a $76.00 price target on shares of Genesee & Wyoming in a report on Wednesday, November 1st. Cowen reissued a “buy” rating and issued a $81.00 price target on shares of Genesee & Wyoming in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Bank of America boosted their price target on shares of Genesee & Wyoming from $79.00 to $83.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, TheStreet raised shares of Genesee & Wyoming from a “c+” rating to a “b-” rating in a report on Tuesday, December 19th.

Shares of Genesee & Wyoming (NYSE:GWR) traded up $0.59 during mid-day trading on Tuesday, hitting $69.58. 547,832 shares of the stock traded hands, compared to its average volume of 373,266. Genesee & Wyoming has a one year low of $61.44 and a one year high of $84.40. The firm has a market cap of $4,578.36, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 2.14 and a beta of 1.71. The company has a quick ratio of 1.18, a current ratio of 1.30 and a debt-to-equity ratio of 0.69.

Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings results on Thursday, February 8th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. Genesee & Wyoming had a net margin of 6.10% and a return on equity of 5.80%. The company had revenue of $571.60 million during the quarter, compared to analyst estimates of $566.73 million. During the same quarter in the previous year, the business earned $0.99 EPS. The firm’s revenue was up 10.7% on a year-over-year basis. sell-side analysts predict that Genesee & Wyoming will post 2.89 earnings per share for the current year.

In related news, insider John C. Hellmann sold 12,332 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $73.71, for a total value of $908,991.72. Following the sale, the insider now directly owns 404,076 shares of the company’s stock, valued at approximately $29,784,441.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.45% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of GWR. JPMorgan Chase & Co. lifted its position in Genesee & Wyoming by 31.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,662 shares of the transportation company’s stock valued at $1,071,000 after acquiring an additional 3,765 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Genesee & Wyoming by 2.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 182,907 shares of the transportation company’s stock valued at $12,504,000 after acquiring an additional 4,315 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in Genesee & Wyoming by 25.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 44,846 shares of the transportation company’s stock valued at $3,067,000 after acquiring an additional 8,988 shares in the last quarter. Vanguard Group Inc. lifted its position in Genesee & Wyoming by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,939,799 shares of the transportation company’s stock valued at $337,833,000 after acquiring an additional 145,424 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Genesee & Wyoming by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 87,900 shares of the transportation company’s stock valued at $6,011,000 after acquiring an additional 1,900 shares in the last quarter. 96.49% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Genesee & Wyoming Inc (GWR) Receives $83.00 Average Price Target from Analysts” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.com-unik.info/2018/02/09/genesee-wyoming-inc-gwr-receives-83-00-average-price-target-from-analysts.html.

About Genesee & Wyoming

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.

Analyst Recommendations for Genesee & Wyoming (NYSE:GWR)

Receive News & Ratings for Genesee & Wyoming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesee & Wyoming and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit