Genesee & Wyoming (GWR) PT Lowered to $84.00 at Citigroup

Genesee & Wyoming (NYSE:GWR) had its price objective lowered by Citigroup from $97.00 to $84.00 in a report released on Friday. The firm currently has a buy rating on the transportation company’s stock.

A number of other analysts also recently weighed in on the company. Bank of America increased their price objective on Genesee & Wyoming from $79.00 to $83.00 and gave the company a buy rating in a report on Friday, November 10th. JPMorgan Chase & Co. initiated coverage on shares of Genesee & Wyoming in a research report on Tuesday, January 9th. They set an overweight rating on the stock. Zacks Investment Research raised shares of Genesee & Wyoming from a sell rating to a hold rating in a research report on Thursday, November 9th. TheStreet raised shares of Genesee & Wyoming from a c+ rating to a b- rating in a research report on Tuesday, December 19th. Finally, Cowen reaffirmed a buy rating and set a $81.00 price target on shares of Genesee & Wyoming in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Genesee & Wyoming currently has a consensus rating of Hold and an average target price of $82.67.

Genesee & Wyoming (GWR) traded up $0.49 during midday trading on Friday, reaching $69.59. The company had a trading volume of 854,895 shares, compared to its average volume of 356,983. The firm has a market capitalization of $4,380.00, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 2.02 and a beta of 1.71. Genesee & Wyoming has a 1-year low of $61.44 and a 1-year high of $84.40. The company has a quick ratio of 1.18, a current ratio of 1.26 and a debt-to-equity ratio of 0.59.

Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings data on Thursday, February 8th. The transportation company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. The business had revenue of $571.60 million during the quarter, compared to the consensus estimate of $566.73 million. Genesee & Wyoming had a return on equity of 5.23% and a net margin of 24.87%. Genesee & Wyoming’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. sell-side analysts anticipate that Genesee & Wyoming will post 3.83 earnings per share for the current year.

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

Hedge funds have recently added to or reduced their stakes in the company. Jacobs & Co. CA boosted its position in shares of Genesee & Wyoming by 4.5% during the 4th quarter. Jacobs & Co. CA now owns 24,047 shares of the transportation company’s stock worth $1,871,000 after purchasing an additional 1,040 shares in the last quarter. FDx Advisors Inc. bought a new position in shares of Genesee & Wyoming during the 4th quarter worth about $265,000. American International Group Inc. boosted its position in shares of Genesee & Wyoming by 1.4% during the 4th quarter. American International Group Inc. now owns 127,587 shares of the transportation company’s stock worth $10,045,000 after purchasing an additional 1,721 shares in the last quarter. TCW Group Inc. boosted its position in shares of Genesee & Wyoming by 10.0% during the 4th quarter. TCW Group Inc. now owns 24,032 shares of the transportation company’s stock worth $1,892,000 after purchasing an additional 2,191 shares in the last quarter. Finally, Penn Capital Management Co. Inc. boosted its position in shares of Genesee & Wyoming by 15.2% during the 4th quarter. Penn Capital Management Co. Inc. now owns 24,017 shares of the transportation company’s stock worth $1,969,000 after purchasing an additional 3,161 shares in the last quarter. 96.49% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Genesee & Wyoming (NYSE:GWR)

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