Axiom Securities Reiterates “Sell” Rating for GATX Co. (GATX)
GATX Co. (NASDAQ:GATX)‘s stock had its “sell” rating reiterated by equities researchers at Axiom Securities in a report released on Saturday.
Other equities research analysts have also recently issued reports about the company. TheStreet upgraded GATX from a “hold” rating to a “buy” rating in a report on Monday, November 14th. Zacks Investment Research cut GATX from a “strong-buy” rating to a “hold” rating in a report on Monday, October 24th. Stifel Nicolaus reiterated a “hold” rating on shares of GATX in a report on Thursday, August 25th. Finally, started coverage on GATX in a report on Friday, September 30th. They issued an “underperform” rating and a $45.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $49.50.
Shares of GATX (NASDAQ:GATX) opened at 54.11 on Friday. The company has a market capitalization of $2.16 billion and a PE ratio of 7.91. The company has a 50-day moving average price of $46.87 and a 200-day moving average price of $45.08. GATX has a 52 week low of $33.53 and a 52 week high of $54.11.
GATX (NASDAQ:GATX) last posted its quarterly earnings data on Thursday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.93. The business had revenue of $362.90 million for the quarter, compared to analysts’ expectations of $369.38 million. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Analysts predict that GATX will post $5.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 31st. Shareholders of record on Thursday, December 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Tuesday, December 13th.
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In related news, EVP James F. Earl sold 5,368 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $45.83, for a total transaction of $246,015.44. Following the completion of the sale, the executive vice president now directly owns 105,545 shares in the company, valued at approximately $4,837,127.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James M. Conniff sold 671 shares of the company’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $46.48, for a total value of $31,188.08. Following the sale, the vice president now owns 890 shares of the company’s stock, valued at $41,367.20. The disclosure for this sale can be found here.
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services.
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