GATX Co. (NASDAQ:GATX)‘s stock had its “sell” rating restated by research analysts at Axiom Securities in a research note issued to investors on Saturday.
Several other research analysts also recently issued reports on the stock. TheStreet raised shares of GATX from a “hold” rating to a “buy” rating in a research report on Monday, November 14th. initiated coverage on shares of GATX in a research report on Friday, September 30th. They set an “underperform” rating and a $45.00 price objective on the stock. Zacks Investment Research raised shares of GATX from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a research report on Friday, October 21st. Finally, Stifel Nicolaus reissued a “hold” rating on shares of GATX in a research report on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $49.50.
Shares of GATX (NASDAQ:GATX) opened at 54.11 on Friday. The stock has a market cap of $2.16 billion and a PE ratio of 7.91. GATX has a 1-year low of $33.53 and a 1-year high of $54.11. The stock’s 50 day moving average is $46.87 and its 200-day moving average is $45.08.
GATX (NASDAQ:GATX) last issued its quarterly earnings data on Thursday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.93. The business had revenue of $362.90 million for the quarter, compared to analysts’ expectations of $369.38 million. GATX’s quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts predict that GATX will post $5.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 31st. Stockholders of record on Thursday, December 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Tuesday, December 13th.
In other news, EVP James F. Earl sold 4,299 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $50.70, for a total value of $217,959.30. Following the completion of the sale, the executive vice president now owns 107,445 shares in the company, valued at approximately $5,447,461.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James F. Earl sold 5,368 shares of the firm’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $45.83, for a total transaction of $246,015.44. Following the completion of the sale, the executive vice president now owns 105,545 shares of the company’s stock, valued at approximately $4,837,127.35. The disclosure for this sale can be found here.