GATX Co. (GATX) Stock Rating Lowered by BidaskClub

GATX Co. (NYSE:GATX) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of GATX from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday, September 5th. ValuEngine upgraded shares of GATX from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Cowen and Company reiterated a “hold” rating and issued a $63.00 price objective on shares of GATX in a report on Monday, August 28th. Axiom Securities reiterated a “sell” rating on shares of GATX in a report on Wednesday, July 26th. Finally, Citigroup Inc. dropped their price objective on shares of GATX from $73.00 to $71.00 and set a “buy” rating for the company in a report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.00.

Shares of GATX (GATX) opened at 58.38 on Friday. The firm has a 50-day moving average of $61.49 and a 200 day moving average of $60.93. GATX has a 52-week low of $40.66 and a 52-week high of $66.30. The firm has a market cap of $2.26 billion, a PE ratio of 9.84 and a beta of 1.20.

GATX (NYSE:GATX) last issued its quarterly earnings data on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.21. The business had revenue of $348.40 million during the quarter, compared to analyst estimates of $352.64 million. GATX had a net margin of 12.54% and a return on equity of 15.15%. The firm’s quarterly 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 analysts predict that GATX will post $4.60 earnings per share for the current year.

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In other GATX news, EVP Deborah A. Golden sold 2,429 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $65.42, for a total transaction of $158,905.18. Following the completion of the sale, the executive vice president now owns 39,783 shares of the company’s stock, valued at approximately $2,602,603.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah A. Golden sold 1,368 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $64.46, for a total transaction of $88,181.28. Following the sale, the executive vice president now directly owns 37,083 shares of the company’s stock, valued at approximately $2,390,370.18. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in GATX. Bank of Montreal Can increased its position in GATX by 19.4% during the 1st quarter. Bank of Montreal Can now owns 2,525 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 410 shares during the period. Capstone Asset Management Co. acquired a new stake in GATX during the 1st quarter valued at approximately $200,000. Russell Investments Group Ltd. increased its position in GATX by 281.2% during the 1st quarter. Russell Investments Group Ltd. now owns 6,904 shares of the transportation company’s stock valued at $421,000 after purchasing an additional 5,093 shares during the period. IFP Advisors Inc increased its position in GATX by 0.4% during the 1st quarter. IFP Advisors Inc now owns 2,195 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 9 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in GATX by 1.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,155 shares of the transportation company’s stock valued at $863,000 after purchasing an additional 200 shares during the period.

GATX 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 (NYSE:GATX)

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