Genesee & Wyoming (GWR) Now Covered by JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. assumed coverage on shares of Genesee & Wyoming (NYSE:GWR) in a report released on Tuesday, January 9th, MarketBeat Ratings reports. The brokerage set an “overweight” rating on the transportation company’s stock.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Genesee & Wyoming from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Bank of America boosted their target price on shares of Genesee & Wyoming from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Cowen reiterated a “buy” rating and issued a $81.00 target price on shares of Genesee & Wyoming in a research note on Wednesday, November 1st. Stifel Nicolaus restated a “hold” rating and set a $76.00 price target on shares of Genesee & Wyoming in a research note on Wednesday, November 1st. Finally, TheStreet raised shares of Genesee & Wyoming from a “c+” rating to a “b-” rating in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $80.20.

Genesee & Wyoming (NYSE:GWR) traded down $0.40 on Tuesday, reaching $83.13. 343,500 shares of the company’s stock traded hands, compared to its average volume of 344,789. Genesee & Wyoming has a 12-month low of $61.44 and a 12-month high of $84.40. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $5,185.98, a P/E ratio of 39.40, a P/E/G ratio of 2.53 and a beta of 1.81.

Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Tuesday, October 31st. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.02). Genesee & Wyoming had a net margin of 6.10% and a return on equity of 5.80%. The company had revenue of $576.90 million during the quarter, compared to the consensus estimate of $573.60 million. During the same period last year, the firm posted $0.95 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. analysts forecast that Genesee & Wyoming will post 2.9 earnings per share for the current fiscal year.

In related news, insider John C. Hellmann sold 12,332 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $73.71, for a total transaction of $908,991.72. Following the transaction, the insider now owns 404,076 shares of the company’s stock, valued at approximately $29,784,441.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.45% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Genesee & Wyoming by 8.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the transportation company’s stock valued at $182,000 after purchasing an additional 210 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Genesee & Wyoming by 1.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 18,411 shares of the transportation company’s stock valued at $1,259,000 after buying an additional 341 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Genesee & Wyoming by 10.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,933 shares of the transportation company’s stock valued at $679,000 after buying an additional 979 shares during the period. Pacer Advisors Inc. boosted its position in Genesee & Wyoming by 11.4% during the 3rd quarter. Pacer Advisors Inc. now owns 9,934 shares of the transportation company’s stock valued at $735,000 after buying an additional 1,017 shares during the period. Finally, Quantbot Technologies LP boosted its position in Genesee & Wyoming by 38.8% during the 2nd quarter. Quantbot Technologies LP now owns 3,813 shares of the transportation company’s stock valued at $260,000 after buying an additional 1,065 shares during the period. 96.21% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Genesee & Wyoming (NYSE:GWR)

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