GATX Corporation (NYSE:GATX) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other analysts have also issued reports on the company. Zacks Investment Research lowered GATX Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Citigroup Inc. dropped their target price on GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Stifel Nicolaus upgraded GATX Corporation from a “sell” rating to a “hold” rating and upped their target price for the stock from $50.00 to $54.00 in a report on Monday, July 17th. Buckingham Research initiated coverage on GATX Corporation in a report on Wednesday, June 21st. They set a “neutral” rating and a $64.00 target price on the stock. Finally, Cowen and Company reiterated a “hold” rating and set a $63.00 target price on shares of GATX Corporation in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $57.83.

GATX Corporation (NYSE:GATX) opened at 63.95 on Tuesday. GATX Corporation has a 12 month low of $42.21 and a 12 month high of $66.30. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 10.78 and a beta of 1.20. The firm has a 50-day moving average price of $61.12 and a 200 day moving average price of $61.46.

GATX Corporation (NYSE:GATX) last released its earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.21. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The business had revenue of $348.40 million for the quarter, compared to analyst estimates of $352.64 million. During the same quarter in the prior year, the company posted $1.49 earnings per share. GATX Corporation’s revenue was down 2.9% on a year-over-year basis. On average, equities analysts forecast that GATX Corporation will post $4.60 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “GATX Corporation (GATX) Stock Rating Upgraded by BidaskClub” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/17/gatx-corporation-gatx-stock-rating-upgraded-by-bidaskclub.html.

In other GATX Corporation news, VP Jeffery R. Young sold 2,910 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total transaction of $170,817.00. Following the transaction, the vice president now owns 6,881 shares of the company’s stock, valued at $403,914.70. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in GATX Corporation by 0.5% during the second quarter. Vanguard Group Inc. now owns 4,928,720 shares of the transportation company’s stock worth $316,768,000 after buying an additional 22,954 shares during the last quarter. BlackRock Inc. increased its position in GATX Corporation by 14,968.9% during the first quarter. BlackRock Inc. now owns 4,203,323 shares of the transportation company’s stock worth $256,234,000 after buying an additional 4,175,429 shares during the last quarter. State Street Corp increased its position in GATX Corporation by 4.5% during the second quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock worth $89,470,000 after buying an additional 59,729 shares during the last quarter. Northern Trust Corp increased its position in GATX Corporation by 4.3% during the second quarter. Northern Trust Corp now owns 1,085,985 shares of the transportation company’s stock worth $69,796,000 after buying an additional 45,088 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in GATX Corporation by 35.2% during the first quarter. AQR Capital Management LLC now owns 518,271 shares of the transportation company’s stock worth $31,594,000 after buying an additional 135,041 shares during the last quarter.

GATX Corporation Company Profile

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.

Analyst Recommendations for GATX Corporation (NYSE:GATX)

Receive News & Stock 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 stocks with our FREE daily email newsletter.