GATX Corporation (NYSE:GATX) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday, October 17th.
A number of other research analysts have also commented on the stock. Stifel Nicolaus restated a “hold” rating and set a $56.00 price target on shares of GATX Corporation in a research report on Tuesday, October 17th. Zacks Investment Research lowered shares of GATX Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. ValuEngine upgraded shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Cowen and Company restated a “hold” rating and set a $63.00 price target on shares of GATX Corporation in a research report on Monday, August 28th. Finally, Axiom Securities restated a “sell” rating on shares of GATX Corporation in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. GATX Corporation presently has an average rating of “Hold” and an average target price of $57.33.
GATX Corporation (NYSE:GATX) traded down $0.03 during trading hours on Tuesday, hitting $58.68. The stock had a trading volume of 108,522 shares, compared to its average volume of 313,139. GATX Corporation has a 12 month low of $43.16 and a 12 month high of $66.30. The company has a market capitalization of $2,248.59, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.84 and a beta of 1.19. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.13 and a current ratio of 3.13.
GATX Corporation (NYSE:GATX) last released its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.26. The business had revenue of $259.60 million during the quarter, compared to analyst estimates of $350.04 million. GATX Corporation had a net margin of 13.76% and a return on equity of 14.51%. GATX Corporation’s revenue was down 28.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 EPS. equities analysts expect that GATX Corporation will post 4.66 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by BBNS and is the property of of BBNS. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/gatx-corporation-gatx-upgraded-by-bidaskclub-to-buy/1721187.html.
In other GATX Corporation news, VP Jeffery R. Young sold 2,910 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total value of $170,817.00. Following the completion of the sale, the vice president now directly owns 6,881 shares of the company’s stock, valued at $403,914.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.
Large investors have recently modified their holdings of the company. Shine Investment Advisory Services Inc. bought a new position in shares of GATX Corporation during the second quarter valued at about $118,000. IFP Advisors Inc grew its holdings in GATX Corporation by 2.9% in the second quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock worth $145,000 after purchasing an additional 64 shares during the period. Riverhead Capital Management LLC grew its holdings in shares of GATX Corporation by 55.4% during the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock valued at $150,000 after buying an additional 831 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of GATX Corporation by 15.5% during the second quarter. Advisor Group Inc. now owns 2,519 shares of the transportation company’s stock valued at $161,000 after buying an additional 338 shares during the last quarter. Finally, LS Investment Advisors LLC grew its holdings in shares of GATX Corporation by 17.6% during the second quarter. LS Investment Advisors LLC now owns 3,133 shares of the transportation company’s stock valued at $201,000 after buying an additional 469 shares during the last quarter.
About GATX Corporation
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
Receive News & Ratings for GATX Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX Corporation and related companies with our FREE daily email newsletter.