Genesee & Wyoming (NYSE:GWR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Genesee & Wyoming reported better-than-expected earnings per share and revenues in the fourth quarter of 2018. Both the metrics expanded on a year-over-year basis. The bottom line was favored by lower tax rates as a result of the current tax law. The company's impressive performance at its North American operations is encouraging as well. We are impressed by the company's efforts to reward shareholders. The company’s growth-by-acquisition policy also bode well. However, shares of the company have shed nearly 9% of their value over the past six months. High operating expenses have been hurting Genesee & Wyoming for quite some time and the fourth quarter was no exception. Operating income also declined in the quarter on a reported basis. As the company is investing significantly on improving its infrastructure, capital expenses are on the rise. “
Several other research firms have also recently issued reports on GWR. Citigroup cut shares of Genesee & Wyoming from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 30th. Stephens cut shares of Genesee & Wyoming from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $95.00 to $83.00 in a research note on Thursday, January 3rd. Cowen reaffirmed a “buy” rating and set a $92.00 price target on shares of Genesee & Wyoming in a research note on Wednesday, October 31st. Morgan Stanley cut shares of Genesee & Wyoming from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $81.00 to $75.00 in a research note on Monday, October 22nd. Finally, Credit Suisse Group cut shares of Genesee & Wyoming from an “outperform” rating to an “underperform” rating and decreased their price target for the stock from $90.00 to $71.00 in a research note on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $86.00.
Shares of NYSE GWR opened at $82.19 on Tuesday. The stock has a market capitalization of $4.73 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.60. Genesee & Wyoming has a 52 week low of $67.61 and a 52 week high of $92.91. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.19 and a current ratio of 1.30.
Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings data on Wednesday, February 6th. The transportation company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.11. The firm had revenue of $575.60 million for the quarter, compared to analysts’ expectations of $570.71 million. Genesee & Wyoming had a net margin of 10.41% and a return on equity of 6.19%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 EPS. As a group, equities research analysts expect that Genesee & Wyoming will post 4.42 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC purchased a new position in shares of Genesee & Wyoming during the 3rd quarter worth about $100,000. Quantamental Technologies LLC purchased a new position in shares of Genesee & Wyoming during the 4th quarter worth about $89,000. FCA Corp TX purchased a new position in shares of Genesee & Wyoming during the 3rd quarter worth about $205,000. Cadence Capital Management LLC purchased a new position in shares of Genesee & Wyoming during the 3rd quarter worth about $214,000. Finally, Virtu Financial LLC purchased a new position in shares of Genesee & Wyoming during the 3rd quarter worth about $279,000. Institutional investors and hedge funds own 93.52% 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.
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