Genesee & Wyoming, Inc. (NYSE:GWR) Downgraded by BidaskClub

BidaskClub downgraded shares of Genesee & Wyoming, Inc. (NYSE:GWR) from a sell rating to a strong sell rating in a research report report published on Friday, July 28th.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Genesee & Wyoming from a hold rating to a buy rating and set a $76.00 price target for the company in a research report on Monday, July 17th. Morgan Stanley reaffirmed an equal weight rating on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Cowen and Company reaffirmed a buy rating and issued a $75.00 price target on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Bank of America Corporation raised shares of Genesee & Wyoming from a neutral rating to a buy rating and upped their price target for the stock from $42.21 to $76.00 in a research report on Wednesday, April 19th. Finally, Royal Bank Of Canada reaffirmed a hold rating on shares of Genesee & Wyoming in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $75.67.

Genesee & Wyoming (GWR) traded up 0.16% during trading on Friday, hitting $67.20. 425,453 shares of the stock traded hands. The firm has a market cap of $4.14 billion, a PE ratio of 29.45 and a beta of 1.71. The firm has a 50-day moving average price of $67.22 and a 200 day moving average price of $68.66. Genesee & Wyoming has a 12 month low of $61.44 and a 12 month high of $80.73.

Genesee & Wyoming (NYSE:GWR) last issued its earnings results on Tuesday, August 1st. The transportation company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. The business had revenue of $540.43 million for the quarter, compared to the consensus estimate of $539.59 million. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. On average, equities analysts forecast that Genesee & Wyoming will post $3.00 EPS for the current fiscal year.

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In other news, EVP Matthew O. Walsh sold 4,042 shares of Genesee & Wyoming stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $66.63, for a total value of $269,318.46. Following the sale, the executive vice president now owns 105,872 shares in the company, valued at $7,054,251.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Allison M. Fergus sold 2,688 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $65.81, for a total transaction of $176,897.28. The disclosure for this sale can be found here. Insiders have sold 8,407 shares of company stock valued at $554,349 in the last three months. 3.80% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Thomson Horstmann & Bryant Inc. boosted its position in shares of Genesee & Wyoming by 13.4% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 13,160 shares of the transportation company’s stock worth $893,000 after buying an additional 1,550 shares during the period. Palisade Capital Management LLC NJ boosted its position in Genesee & Wyoming by 3.3% in the first quarter. Palisade Capital Management LLC NJ now owns 524,261 shares of the transportation company’s stock valued at $35,576,000 after buying an additional 16,843 shares during the period. Louisiana State Employees Retirement System boosted its position in Genesee & Wyoming by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the transportation company’s stock valued at $1,052,000 after buying an additional 200 shares during the period. Capstone Asset Management Co. boosted its position in Genesee & Wyoming by 18.1% in the first quarter. Capstone Asset Management Co. now owns 4,833 shares of the transportation company’s stock valued at $328,000 after buying an additional 740 shares during the period. Finally, Jacobs & Co. CA boosted its position in Genesee & Wyoming by 28.5% in the first quarter. Jacobs & Co. CA now owns 24,342 shares of the transportation company’s stock valued at $1,651,000 after buying an additional 5,405 shares during the period. Institutional investors and hedge funds own 95.89% of the company’s stock.

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)

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