Genesee & Wyoming, Inc. (GWR) Given “Buy” Rating at Cowen and Company

Cowen and Company reaffirmed their buy rating on shares of Genesee & Wyoming, Inc. (NYSE:GWR) in a research note released on Tuesday morning. Cowen and Company currently has a $75.00 price target on the transportation company’s stock.

Several other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Genesee & Wyoming from a hold rating to a buy rating and set a $76.00 price objective on the stock in a report on Monday, July 17th. BidaskClub upgraded shares of Genesee & Wyoming from a strong sell rating to a sell rating in a report on Tuesday, June 13th. Finally, Morgan Stanley reiterated an equal weight rating on shares of Genesee & Wyoming in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Genesee & Wyoming currently has a consensus rating of Hold and an average price target of $75.67.

Genesee & Wyoming (NYSE GWR) traded down 0.11% during mid-day trading on Tuesday, reaching $70.71. 162,388 shares of the company’s stock traded hands. The firm has a 50 day moving average of $67.09 and a 200 day moving average of $67.16. Genesee & Wyoming has a 1-year low of $61.44 and a 1-year high of $80.73. The firm has a market cap of $4.41 billion, a PE ratio of 30.99 and a beta of 1.70.

Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Tuesday, August 1st. The transportation company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.07. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The firm had revenue of $540.43 million for the quarter, compared to the consensus estimate of $539.59 million. During the same period in the previous year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts forecast that Genesee & Wyoming will post $3.00 EPS for the current year.

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In related news, CFO Timothy J. Gallagher sold 5,073 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $66.84, for a total value of $339,079.32. Following the transaction, the chief financial officer now directly owns 56,951 shares in the company, valued at $3,806,604.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher F. Liucci sold 1,401 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $66.92, for a total transaction of $93,754.92. Following the completion of the transaction, the insider now owns 22,982 shares in the company, valued at $1,537,955.44. The disclosure for this sale can be found here. Insiders sold 30,931 shares of company stock worth $2,058,531 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC grew its stake in shares of Genesee & Wyoming by 12.0% in the first quarter. Parametric Portfolio Associates LLC now owns 172,138 shares of the transportation company’s stock valued at $11,681,000 after acquiring an additional 18,510 shares in the last quarter. BlackRock Inc. grew its stake in shares of Genesee & Wyoming by 8,807.0% in the first quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock valued at $341,280,000 after acquiring an additional 4,972,702 shares in the last quarter. Morgan Stanley grew its stake 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 valued at $11,192,000 after acquiring an additional 13,839 shares in the last quarter. RMB Capital Management LLC grew its stake in shares of Genesee & Wyoming by 4.0% in the first quarter. RMB Capital Management LLC now owns 310,964 shares of the transportation company’s stock valued at $21,102,000 after acquiring an additional 11,932 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. grew its stake in shares of Genesee & Wyoming by 8.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 19,915 shares of the transportation company’s stock valued at $1,362,000 after acquiring an additional 1,515 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

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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