GATX Co. (NASDAQ:GATX)‘s stock had its “sell” rating restated by Axiom Securities in a report released on Saturday.
Several other equities research analysts have also recently issued reports on the company. TheStreet raised GATX from a “hold” rating to a “buy” rating in a research note on Monday, November 14th. Zacks Investment Research cut GATX from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 24th. began coverage on GATX in a research note on Friday, September 30th. They set an “underperform” rating and a $45.00 target price for the company. Finally, Stifel Nicolaus reissued a “hold” rating on shares of GATX in a research note on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. GATX presently 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. GATX has a 52 week low of $33.53 and a 52 week high of $54.11. The company’s 50 day moving average price is $46.87 and its 200-day moving average price is $45.08. The stock has a market capitalization of $2.16 billion and a PE ratio of 7.91.
GATX (NASDAQ:GATX) last posted its quarterly earnings results on Thursday, October 20th. The company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.32 by $0.93. The company earned $362.90 million during the quarter, compared to analyst estimates of $369.38 million. The firm’s revenue was down 6.0% compared to the same quarter last year. Equities research analysts predict that GATX will post $5.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 31st. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $1.60 annualized dividend and a yield of 2.96%.
In other news, VP James M. Conniff sold 671 shares of GATX stock in a transaction on Monday, October 24th. The stock was sold at an average price of $46.48, for a total value of $31,188.08. Following the completion of the sale, the vice president now directly owns 890 shares of the company’s stock, valued at $41,367.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James F. Earl sold 4,299 shares of GATX 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 directly owns 107,445 shares of the company’s stock, valued at $5,447,461.50. The disclosure for this sale can be found here.
GATX Company Profile