Equities researchers at Seaport Global Securities began coverage on shares of GATX (NYSE:GATX) in a note issued to investors on Thursday, The Fly reports. The brokerage set a “neutral” rating on the transportation company’s stock.
Several other research analysts have also issued reports on GATX. BidaskClub lowered GATX from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. Zacks Investment Research lowered GATX from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Stifel Nicolaus restated a “hold” rating and set a $56.00 target price on shares of GATX in a research report on Tuesday, October 17th. Buckingham Research dropped their target price on GATX from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Finally, ValuEngine lowered GATX from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $57.83.
Shares of GATX (NYSE GATX) opened at $62.71 on Thursday. GATX has a 52 week low of $55.44 and a 52 week high of $66.30. The firm has a market capitalization of $2,451.97, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.13 and a current ratio of 3.13.
GATX (NYSE:GATX) last announced its earnings results on Thursday, October 19th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.26. GATX had a return on equity of 14.51% and a net margin of 13.76%. The business had revenue of $259.60 million during the quarter, compared to analyst estimates of $350.04 million. During the same quarter in the previous year, the business earned $1.50 earnings per share. The company’s revenue for the quarter was down 28.5% compared to the same quarter last year. equities analysts predict that GATX will post 4.7 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of GATX by 0.5% in the second quarter. Vanguard Group Inc. now owns 4,928,720 shares of the transportation company’s stock valued at $316,768,000 after purchasing an additional 22,954 shares during the period. Wellington Management Group LLP boosted its holdings in shares of GATX by 5.3% in the first quarter. Wellington Management Group LLP now owns 4,343,346 shares of the transportation company’s stock valued at $206,309,000 after purchasing an additional 220,491 shares during the period. BlackRock Inc. boosted its holdings in shares of GATX by 14,968.9% in the first quarter. BlackRock Inc. now owns 4,203,323 shares of the transportation company’s stock valued at $256,234,000 after purchasing an additional 4,175,429 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of GATX in the fourth quarter valued at approximately $214,203,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of GATX in the fourth quarter valued at approximately $176,666,000.
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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.