GATX Corporation (GATX) Stock Rating Reaffirmed by Stifel Nicolaus
GATX Corporation (NYSE:GATX)‘s stock had its “hold” rating reaffirmed by equities research analysts at Stifel Nicolaus in a report released on Tuesday. They currently have a $56.00 target price on the transportation company’s stock. Stifel Nicolaus’ price target indicates a potential downside of 12.88% from the company’s previous close.
GATX has been the subject of several other research reports. BidaskClub upgraded shares of GATX Corporation from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Axiom Securities restated a “sell” rating on shares of GATX Corporation in a report on Wednesday, July 26th. Zacks Investment Research lowered shares of GATX Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. ValuEngine upgraded shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Citigroup Inc. lowered their target price on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. GATX Corporation presently has a consensus rating of “Hold” and an average price target of $57.83.
GATX Corporation (NYSE:GATX) opened at 64.28 on Tuesday. The company has a market capitalization of $2.49 billion, a P/E ratio of 10.84 and a beta of 1.20. The stock’s 50 day moving average is $61.41 and its 200 day moving average is $61.52. GATX Corporation has a 52 week low of $42.21 and a 52 week high of $66.30.
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 Thomson Reuters’ consensus estimate of $1.11 by $0.21. The firm had revenue of $348.40 million during the quarter, compared to analyst estimates of $352.64 million. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $1.49 EPS. On average, equities research analysts expect that GATX Corporation will post $4.60 earnings per share for the current year.
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In related news, VP Jeffery R. Young sold 2,910 shares of GATX Corporation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total transaction of $170,817.00. Following the completion of the sale, the vice president now owns 6,881 shares in the company, valued at approximately $403,914.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.50% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System lifted its holdings in GATX Corporation by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 16,500 shares of the transportation company’s stock valued at $1,060,000 after buying an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in GATX Corporation by 117.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 21,685 shares of the transportation company’s stock valued at $1,394,000 after buying an additional 11,710 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in GATX Corporation during the 2nd quarter valued at about $308,000. Legal & General Group Plc lifted its holdings in GATX Corporation by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 49,991 shares of the transportation company’s stock valued at $3,213,000 after buying an additional 3,198 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in GATX Corporation by 12.4% during the 2nd quarter. Bessemer Group Inc. now owns 4,549 shares of the transportation company’s stock valued at $293,000 after buying an additional 501 shares in 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.
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