GATX Corp. Reaches New 12-Month High at $60.62 (GMT)
GATX Corp. (NYSE:GMT)’s share price reached a new 52-week high during trading on Thursday, StockRatingsNetwork.com reports. The stock traded as high as $60.62 and last traded at $60.04, with a volume of 1,132,358 shares traded. The stock had previously closed at $51.83.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of GATX Corp. in a research note to investors on Tuesday, January 14th. They now have a $54.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $53.67.
GATX Corp. has a 1-year low of $43.88 and a 1-year high of $54.19. The stock has a 50-day moving average of $51. and a 200-day moving average of $48.63. The company has a market cap of $2.792 billion and a price-to-earnings ratio of 16.89.
GATX Corp. (NYSE:GMT) last announced its earnings results on Thursday, January 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.22. The company had revenue of $356.60 million for the quarter, compared to the consensus estimate of $350.96 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that GATX Corp. will post $3.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Stockholders of record on Tuesday, January 28th will be given a dividend of 0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.19%.
GATX Corporation (NYSE:GMT) leases, operates, manages and remarkets long-lived, widely-used assets, primarily in the rail and marine markets.
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