Zacks Reiterates “Neutral” Rating for GATX Corp. (GMT)
GATX Corp. (NYSE:GMT)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Monday. They currently have a $71.00 target price on the stock. Zacks‘s price target suggests a potential upside of 4.29% from the company’s current price.
GATX Corp. (NYSE:GMT) traded down 1.48% on Monday, hitting $67.07. 168,952 shares of the company’s stock traded hands. GATX Corp. has a one year low of $43.88 and a one year high of $69.87. The stock’s 50-day moving average is $65.01 and its 200-day moving average is $61.98. The company has a market cap of $3.088 billion and a P/E ratio of 17.34.
GATX Corp. (NYSE:GMT) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.06. The company had revenue of $286.60 million for the quarter, compared to the consensus estimate of $294.30 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts predict that GATX Corp. will post $4.33 earnings per share for the current fiscal year.
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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