Just How Negative is Bank of America (Merrill Lynch) on Genesee & Wyoming Inc (NYSE:GWR) Following Its Downgrade? The Target Price per Share is $63.00


Genesee & Wyoming Inc (NYSE:GWR) Receives a Downgrade

The rating for shares of Genesee & Wyoming Inc (NYSE:GWR), which happened to be a Neutral, has been adjusted by Bank of America (Merrill Lynch), who now rates the shares as a Underperform. This is in addition to a Estimated Target Price of $63.00 for GWR.

From a total of 15 analysts covering Genesee & Wyoming Inc. (NYSE:GWR) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $95 while the lowest target price is $69. The mean of all analyst targets is $81.33 with a 26.70% above today’s ($64.61) stock price. Genesee & Wyoming Inc. was the topic of 11 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Macquarie Research upgraded shares on November 2 to “Outperform” rating. Deutsche Bank maintained GWR stock in a recent report from October 12 with “Buy” rating. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on a September 2.

The stock closed the day at $64.61 during the previous session. It is down 31.59% since May 1, 2015 and is downtrending. It has underperformed by 28.80% the S&P500.

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 has a market cap of $3.73 billion. The Firm operates a longer-haul railroad that runs approximately 1,400 miles between Tarcoola in South Australia and Darwin in the Northern Territory of Australia. It has 16.28 P/E ratio. 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.

According to Zacks Investment Research, “GENESEE & WYOMING owns and operates short line and regional freight railroads and provides related rail services. They operate in three business segments in two geographic areas: North American Railroad Operations, Australian Railroad Operations, and Industrial Switching.” Get a free copy of the Zacks research report on Genesee & Wyoming Inc (GWR).