Genesee & Wyoming Inc (GWR) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Genesee & Wyoming Inc. Company shares were Reiterated by Deutsche Bank on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $64 .Company shares were Reiterated by Cowen on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 72 from a previous price target of $69 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 67 from a previous price target of $63 .
On the company’s financial health, Genesee & Wyoming Inc reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.71. The company had revenue of $482.60 million for the quarter, compared to analysts expectations of $477.93 million. The company’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.
Genesee & Wyoming Inc closed down -0.53 points or -0.85% at $62.09 with 4,52,700 shares getting traded on Wednesday. Post opening the session at $62.28, the shares hit an intraday low of $61.33 and an intraday high of $63.11 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Nov 25, 2015, John C Hellmann (Chief Exec. Officer & Pres.) sold 6,848 shares at $71.78 per share price. According to the SEC, on Nov 23, 2015, Matthew O. Walsh (SVP, Corporate Development) sold 2,160 shares at $72.46 per share price. On Nov 13, 2015, Mortimer B Iii Fuller (director) sold 1,700 shares at $67.65 per share price, according to the Form-4 filing with the securities and exchange commission.
Genesee & Wyoming Inc. owns and operates short line and regional freight railroads and provides railcar switching and other rail-related services in the United States Australia Canada the Netherlands and Belgium. The Company operates a longer-haul railroad that runs approximately 1400 miles between Tarcoola in South Australia and Darwin in the Northern Territory of Australia. As of December 31 2014 the Company operated in 41 states in the United States four Australian states one Australian territory and four Canadian provinces and provided rail service at 37 ports in North America Australia and Europe. As of December 31 2014 the Company operated over approximately 15600 miles of owned jointly owned or leased track (inclusive of the Tarcoola to Darwin rail line operated under a concession agreement) and approximately 3300 additional miles under other contractual track access arrangements.