Bank of America Lowers Genesee & Wyoming (GWR) to Neutral

Bank of America downgraded shares of Genesee & Wyoming (NYSE:GWR) from a buy rating to a neutral rating in a research note issued to investors on Thursday morning, Marketbeat.com reports. They currently have $94.00 target price on the transportation company’s stock, up from their prior target price of $90.00.

Other equities research analysts have also recently issued reports about the company. Citigroup boosted their price objective on Genesee & Wyoming from $84.00 to $95.00 and gave the stock a buy rating in a research note on Monday, July 30th. Zacks Investment Research raised Genesee & Wyoming from a hold rating to a buy rating and set a $94.00 price objective on the stock in a research note on Tuesday, July 24th. Stifel Nicolaus reissued a buy rating and set a $90.00 price objective on shares of Genesee & Wyoming in a research note on Saturday, June 2nd. Finally, Morgan Stanley boosted their price objective on Genesee & Wyoming to $75.00 and gave the stock an equal weight rating in a research note on Monday, May 7th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $89.30.

Shares of GWR stock traded down $0.37 during trading hours on Thursday, hitting $87.08. The stock had a trading volume of 565,790 shares, compared to its average volume of 679,972. Genesee & Wyoming has a one year low of $64.31 and a one year high of $89.71. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73.

Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings data on Friday, July 27th. The transportation company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Genesee & Wyoming had a return on equity of 5.32% and a net margin of 25.71%. The company had revenue of $595.00 million for the quarter, compared to analysts’ expectations of $592.93 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. research analysts predict that Genesee & Wyoming will post 3.87 EPS for the current fiscal year.

In other Genesee & Wyoming news, EVP Matthew O. Walsh sold 3,122 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $88.38, for a total transaction of $275,922.36. Following the completion of the transaction, the executive vice president now owns 107,375 shares in the company, valued at $9,489,802.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher F. Liucci sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $83.85, for a total value of $83,850.00. Following the transaction, the insider now owns 19,189 shares of the company’s stock, valued at approximately $1,608,997.65. The disclosure for this sale can be found here. Insiders have sold 6,422 shares of company stock worth $551,322 over the last three months. 2.41% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. Wedgewood Investors Inc. PA purchased a new position in shares of Genesee & Wyoming during the second quarter valued at approximately $220,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Genesee & Wyoming during the second quarter valued at approximately $258,000. Sawtooth Solutions LLC purchased a new position in shares of Genesee & Wyoming during the second quarter valued at approximately $270,000. A.R.T. Advisors LLC purchased a new position in shares of Genesee & Wyoming during the first quarter valued at approximately $269,000. Finally, Gideon Capital Advisors Inc. purchased a new position in shares of Genesee & Wyoming during the first quarter valued at approximately $283,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

Genesee & Wyoming Company Profile

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.

Further Reading: Leveraged Buyout (LBO) Explained

Analyst Recommendations for Genesee & Wyoming (NYSE:GWR)

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