Analysts Set Genesee & Wyoming Inc (GWR) Price Target at $83.00
Genesee & Wyoming Inc (NYSE:GWR) has been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $81.20.
A number of analysts recently commented on the company. Zacks Investment Research raised Genesee & Wyoming from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. assumed coverage on Genesee & Wyoming in a research report on Tuesday, January 9th. They issued an “overweight” rating for the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $76.00 target price on shares of Genesee & Wyoming in a research report on Wednesday, November 1st. TheStreet raised 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 issued a $81.00 target price on shares of Genesee & Wyoming in a research report on Wednesday, November 1st.
Genesee & Wyoming (GWR) traded up $0.60 during mid-day trading on Tuesday, hitting $69.59. The stock had a trading volume of 830,113 shares, compared to its average volume of 368,660. Genesee & Wyoming has a 1 year low of $61.44 and a 1 year high of $84.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.18 and a current ratio of 1.26. The company has a market cap of $4,341.30, a price-to-earnings ratio of 7.94, a PEG ratio of 2.03 and a beta of 1.71.
In related news, insider John C. Hellmann sold 12,332 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $73.71, for a total value of $908,991.72. Following the completion of the sale, the insider now directly owns 404,076 shares of the company’s stock, valued at approximately $29,784,441.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.45% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Genesee & Wyoming by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,939,799 shares of the transportation company’s stock valued at $337,833,000 after purchasing an additional 145,424 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in Genesee & Wyoming by 3.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,994,750 shares of the transportation company’s stock valued at $147,631,000 after purchasing an additional 59,650 shares during the last quarter. State Street Corp boosted its stake in Genesee & Wyoming by 1.1% during the 2nd quarter. State Street Corp now owns 1,650,362 shares of the transportation company’s stock valued at $112,871,000 after purchasing an additional 17,962 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in Genesee & Wyoming during the 3rd quarter valued at about $89,115,000. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Genesee & Wyoming by 3.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 741,375 shares of the transportation company’s stock valued at $58,368,000 after purchasing an additional 21,950 shares during the last quarter. Institutional investors and hedge funds own 96.49% of the company’s stock.
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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.
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