Genesee & Wyoming (GWR) Price Target Cut to $74.00 by Analysts at Morgan Stanley

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Genesee & Wyoming (NYSE:GWR) had its target price cut by Morgan Stanley from $75.00 to $74.00 in a research note issued to investors on Wednesday morning. They currently have a sell rating on the transportation company’s stock.

GWR has been the topic of a number of other research reports. Zacks Investment Research cut shares of Genesee & Wyoming from a buy rating to a hold rating in a report on Wednesday, August 1st. Raymond James lifted their price target on shares of Genesee & Wyoming from $90.00 to $96.00 and gave the stock a strong-buy rating in a report on Monday, July 30th. Bank of America cut shares of Genesee & Wyoming from a buy rating to a neutral rating and lifted their price target for the stock from $90.00 to $94.00 in a report on Thursday, August 9th. ValuEngine raised shares of Genesee & Wyoming from a hold rating to a buy rating in a report on Tuesday, September 18th. Finally, Wolfe Research cut shares of Genesee & Wyoming from an outperform rating to a market perform rating in a report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $88.60.

Shares of NYSE GWR traded up $2.29 during midday trading on Wednesday, reaching $81.52. The company’s stock had a trading volume of 47,198 shares, compared to its average volume of 635,386. Genesee & Wyoming has a 12-month low of $67.61 and a 12-month high of $92.91. The company has a market capitalization of $4.84 billion, a PE ratio of 27.90, a PEG ratio of 1.19 and a beta of 1.73. The company has a quick ratio of 1.26, a current ratio of 1.33 and a debt-to-equity ratio of 0.61.

Genesee & Wyoming (NYSE:GWR) last announced its 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. The firm had revenue of $603.30 million for the quarter, compared to the consensus estimate of $594.40 million. Genesee & Wyoming had a return on equity of 5.81% and a net margin of 26.25%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS. As a group, research analysts expect that Genesee & Wyoming will post 3.87 EPS for the current fiscal year.

In other Genesee & Wyoming news, CFO Timothy J. Gallagher sold 4,116 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $88.00, for a total transaction of $362,208.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO David A. Brown sold 3,429 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $87.98, for a total transaction of $301,683.42. Following the sale, the chief operating officer now directly owns 33,938 shares in the company, valued at approximately $2,985,865.24. The disclosure for this sale can be found here. Insiders sold a total of 26,377 shares of company stock worth $2,324,870 in the last ninety days. 2.41% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Blue Harbour Group L.P. bought a new stake in Genesee & Wyoming during the 2nd quarter valued at $75,463,000. DF Dent & Co. Inc. raised its holdings in Genesee & Wyoming by 0.3% during the 2nd quarter. DF Dent & Co. Inc. now owns 873,795 shares of the transportation company’s stock valued at $71,057,000 after acquiring an additional 2,812 shares during the period. Wells Fargo & Company MN raised its holdings in Genesee & Wyoming by 8.1% during the 2nd quarter. Wells Fargo & Company MN now owns 687,639 shares of the transportation company’s stock valued at $55,919,000 after acquiring an additional 51,438 shares during the period. Victory Capital Management Inc. raised its holdings in Genesee & Wyoming by 6.8% during the 2nd quarter. Victory Capital Management Inc. now owns 541,168 shares of the transportation company’s stock valued at $44,008,000 after acquiring an additional 34,411 shares during the period. Finally, Northern Trust Corp raised its holdings in Genesee & Wyoming by 12.1% during the 2nd quarter. Northern Trust Corp now owns 539,330 shares of the transportation company’s stock valued at $43,858,000 after acquiring an additional 58,230 shares during the period. 92.66% of the stock is currently owned by institutional investors and hedge funds.

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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