Investment analysts at Credit Agricole SA started coverage on shares of GATX Co. (NASDAQ:GATX) in a report issued on Friday. The brokerage set an “underperform” rating and a $45.00 price target on the stock. Credit Agricole SA’s target price indicates a potential upside of 2.01% from the stock’s current price.
A number of other brokerages also recently commented on GATX. Stifel Nicolaus reaffirmed a “hold” rating on shares of GATX in a research report on Thursday, August 25th. TheStreet cut GATX from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th.
GATX (NASDAQ:GATX) traded down 0.52% on Friday, hitting $44.32. The stock had a trading volume of 243,901 shares. The company’s 50 day moving average is $43.14 and its 200 day moving average is $45.15. GATX has a 12-month low of $33.53 and a 12-month high of $52.02. The firm has a market cap of $1.79 billion and a PE ratio of 8.21.
GATX (NASDAQ:GATX) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.26. The business earned $358.90 million during the quarter, compared to analysts’ expectations of $364.73 million. On average, equities research analysts expect that GATX will post $5.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Tuesday, September 13th.
In related news, VP William M. Muckian sold 1,166 shares of GATX stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $44.01, for a total value of $51,315.66. Following the transaction, the vice president now owns 14,645 shares in the company, valued at $644,526.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services.
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