Brokerages Set GATX Corporation (GATX) Target Price at $63.00

GATX Corporation (NYSE:GATX) has been given an average rating of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $63.00.

A number of equities analysts have commented on GATX shares. Buckingham Research started coverage on shares of GATX Corporation in a research report on Wednesday, June 21st. They set a “neutral” rating and a $64.00 price objective for the company. Zacks Investment Research cut shares of GATX Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Cowen and Company reaffirmed a “hold” rating and set a $63.00 price objective on shares of GATX Corporation in a research report on Monday, August 28th. Stifel Nicolaus raised shares of GATX Corporation from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $50.00 to $54.00 in a research report on Monday, July 17th. Finally, Citigroup Inc. reduced their price objective on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, July 21st.

GATX Corporation (NYSE GATX) traded up 0.27% during trading on Friday, reaching $62.66. 162,459 shares of the company traded hands. GATX Corporation has a 12 month low of $42.21 and a 12 month high of $66.30. The company has a market cap of $2.43 billion, a PE ratio of 10.56 and a beta of 1.20. The company’s 50-day moving average is $60.95 and its 200 day moving average is $61.37.

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

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.68%. GATX Corporation’s dividend payout ratio (DPR) is 28.38%.

In other news, VP Jeffery R. Young sold 2,910 shares of GATX Corporation stock in a transaction 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 completion of the sale, the vice president now 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 can be accessed through this link. 3.50% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of GATX. Shine Investment Advisory Services Inc. acquired a new stake in shares of GATX Corporation during the second quarter worth $118,000. IFP Advisors Inc lifted its holdings in shares of GATX Corporation by 2.9% during the second quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock worth $145,000 after buying an additional 64 shares in the last quarter. Riverhead Capital Management LLC lifted 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 worth $150,000 after buying an additional 831 shares in the last quarter. Advisor Group Inc. lifted 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 worth $161,000 after buying an additional 338 shares in the last quarter. Finally, LS Investment Advisors LLC lifted 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 worth $201,000 after buying an additional 469 shares in the last quarter.

TRADEMARK VIOLATION WARNING: “Brokerages Set GATX Corporation (GATX) Target Price at $63.00” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://sportsperspectives.com/2017/10/11/brokerages-set-gatx-corporation-gatx-target-price-at-63-00.html.

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.

Analyst Recommendations for GATX Corporation (NYSE:GATX)

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply