Genesee & Wyoming (GWR) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Genesee & Wyoming (NYSE:GWR) from an overweight rating to a neutral rating in a research report report published on Friday morning, MarketBeat Ratings reports.

Several other analysts have also commented on GWR. Zacks Investment Research raised shares of Genesee & Wyoming from a sell rating to a hold rating in a research report on Thursday. Stephens raised their target price on shares of Genesee & Wyoming from $85.00 to $90.00 and gave the company an in-line rating in a research note on Thursday, June 14th. Stifel Nicolaus set a $96.00 target price on shares of Genesee & Wyoming and gave the company a buy rating in a research note on Monday, July 30th. Cowen raised their target price on shares of Genesee & Wyoming from $77.00 to $92.00 and gave the company an outperform rating in a research note on Monday, July 30th. Finally, Raymond James raised their target price on shares of Genesee & Wyoming from $90.00 to $96.00 and gave the company a strong-buy rating in a research note on Monday, July 30th. Seven 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’s stock. Genesee & Wyoming currently has a consensus rating of Buy and an average target price of $89.90.

GWR traded up $0.88 during trading on Friday, reaching $83.32. The company’s stock had a trading volume of 950,970 shares, compared to its average volume of 498,392. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.26. Genesee & Wyoming has a 1 year low of $67.61 and a 1 year high of $92.91. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 1.35 and a beta of 1.73.

Genesee & Wyoming (NYSE:GWR) last released its earnings results on Friday, July 27th. The transportation company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. The business had revenue of $595.00 million for the quarter, compared to analyst estimates of $592.93 million. Genesee & Wyoming had a net margin of 25.71% and a return on equity of 5.32%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. On average, equities analysts anticipate that Genesee & Wyoming will post 3.86 earnings per share for the current fiscal year.

In related news, CFO Timothy J. Gallagher sold 4,116 shares of Genesee & Wyoming stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $88.00, for a total transaction of $362,208.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Matthew O. Walsh sold 3,122 shares of Genesee & Wyoming stock in a transaction 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 sale, the executive vice president now directly owns 107,375 shares in the company, valued at approximately $9,489,802.50. The disclosure for this sale can be found here. Insiders have sold a total of 26,377 shares of company stock worth $2,324,870 in the last ninety days. 2.41% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in GWR. Golden Gate Private Equity Inc. bought a new position in Genesee & Wyoming during the second quarter worth $3,806,000. Wells Fargo & Company MN lifted its holdings in shares of Genesee & Wyoming by 8.1% during the second quarter. Wells Fargo & Company MN now owns 687,639 shares of the transportation company’s stock worth $55,919,000 after buying an additional 51,438 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Genesee & Wyoming by 5.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 323,930 shares of the transportation company’s stock worth $26,342,000 after buying an additional 16,646 shares in the last quarter. Mackay Shields LLC acquired a new stake in shares of Genesee & Wyoming during the second quarter worth $6,624,000. Finally, Jane Street Group LLC lifted its holdings in shares of Genesee & Wyoming by 99.2% during the first quarter. Jane Street Group LLC now owns 8,476 shares of the transportation company’s stock worth $600,000 after buying an additional 4,220 shares in the last quarter. 93.37% of the stock is currently owned by hedge funds and other institutional investors.

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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