NEW YORK, December 19, 2016 /PRNewswire/ --
Companies in the Railroads segment operate railroad tracks and/or trains that generally transport cargo or passengers many times over great distances. They are generally stable and established, and offer lower-than-average dividend yields. Ahead of today's trading session, Stock-Callers.com reviews the performances of the following stocks: Westinghouse Air Brake Technologies Corp. (NYSE: WAB), Canadian Pacific Railway Ltd (NYSE: CP), The Greenbrier Cos. Inc. (NYSE: GBX), and Genesee & Wyoming Inc. (NYSE: GWR). Register now and get full and free access to our downloadable research reports on these stocks at:
Westinghouse Air Brake Technologies
Last Friday, shares in Wilmerding, Pennsylvania headquartered Westinghouse Air Brake Technologies Corp. ended the session 1.02% lower at $79.54. The stock recorded a trading volume of 1.21 million shares, which was above its three months average volume of 1.01 million shares. The Company's shares have advanced 6.29% in the previous three months and 12.40% since the start of this year. The stock is trading above its 200-day moving average by 2.77%. Furthermore, shares of Westinghouse Air Brake Technologies, which does business as Wabtec Corporation, provides technology-based equipment and services for the freight rail and passenger transit vehicle industries worldwide, have a Relative Strength Index (RSI) of 32.85.
On December 01st, 2016 Westinghouse Air Brake Technologies announced that it has acquired majority ownership of Faiveley Transport S.A., after completing the purchase of the Faiveley family's stake, which represented about 51% of the company's shares outstanding. The total purchase price for 100% of the shares of Faiveley Transport is about $1.7 billion, including assumed debt and net of cash acquired. Access our complete research report on WAB for free at:
Canadian Pacific Railway
Calgary, Canada headquartered Canadian Pacific Railway Ltd's stock finished 0.05% higher at $145.34. A total volume of 1.39 million shares was traded, which was higher than their three months average volume of 774,590 shares. The Company's shares have gained 0.25% in the last one month and 14.78% on an YTD basis. The stock is trading above its 200-day moving average by 2.76%. Moreover, shares of Canadian Pacific Railway, which together with its subsidiaries, operates a transcontinental railway in Canada and the US, have an RSI of 40.12.
On December 13th, 2016, the Canadian Pacific Railway Ltd's Board of Directors declared a quarterly dividend of $0.50 per share on the outstanding Common Shares. The dividend is payable on January 30th, 2017 to holders of record at the close of business on December 30th, 2016.
On December 16th, 2016, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $155 to $166. The complimentary research report on CP can be downloaded at:
Shares in Lake Oswego, Oregon headquartered The Greenbrier Cos. Inc. closed the day 0.24% higher at $41.85. The stock recorded a trading volume of 759,869 shares, which was above its three months average volume of 465,720 shares. The Company's shares have gained 16.90% in the last month, 25.20% over the previous three months, and 32.04% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 15.57% and 32.55%, respectively. Moreover, shares of Greenbrier, which designs, manufactures, and markets railroad freight car equipment in North America and Europe, have an RSI of 63.99.
On October 25th, 2016, Greenbrier reported that net earnings attributed to Greenbrier for Q4 FY16 were $33.6 million, or $1.06 per diluted share, on revenue of $595.2 million. Adjusted EBITDA for the reported quarter was $104.4 million, or 17.5% of revenue. Register for free on Stock-Callers.com and get access to the latest PDF format report on GBX at:
Genesee & Wyoming
Darien, Connecticut headquartered Genesee & Wyoming Inc.'s shares recorded a trading volume of 1.54 million shares last Friday, which was higher than their three months average volume of 570,390 shares. The stock closed 2.00% lower at $69.71. The Company's shares have advanced 6.33% in the previous three months and 29.84% on an YTD basis. The stock is trading 6.61% above its 200-day moving average. Additionally, shares of Genesee & Wyoming, which owns and operates short line and regional freight railroads, and provides railcar switching and other rail-related services, have an RSI of 36.17.
On December 13th, 2016, Genesee & Wyoming announced that it has priced its previously announced offering of 4,000,000 shares of its Class A Common Stock at $75.00 per share, resulting in aggregate gross proceeds to Genesee & Wyoming of $300,000,000. The Company has granted the underwriters of the Offering a 30-day option to purchase up to an additional 600,000 shares of Class A Common Stock. The Offering is expected to close on December 19th, 2016, subject to customary closing conditions. Download your free research report on GWR at:
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