The stock of GATX Corporation (NYSE:GATX) hit a new 52-week high and has $86.91 target or 68.00% above today’s $51.73 share price. The 8 months bullish chart indicates low risk for the $2.08B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $86.91 price target is reached, the company will be worth $1.41B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 82,977 shares traded hands. GATX Corporation (NYSE:GATX) has risen 4.00% since April 19, 2016 and is uptrending. It has outperformed by 0.14% the S&P500.
According to Zacks Investment Research, “GATX Corporation is a unique finance and leasing company combining asset knowledge and services, structuring expertise, creative partnering and risk capital to serve customers and partners worldwide. GATX Corporation provides leasing and financial services responsive to the specialized needs of a range of businesses. GATX Corporation specializes in railcar and locomotive operating leasing, aircraft operating leasing, information technology leasing, and venture finance for customers in diverse industrial sectors worldwide. (Company Press Release)”
More notable recent GATX Corporation (NYSE:GATX) news were published by: Fool.com which released: “GATX Corporation: An Investor’s Guide to a Dividend â€œAristocratâ€” on September 29, 2015, also Globenewswire.com with their article: “GATX Corporation Reports 2016 Second-Quarter Results” published on July 21, 2016, Businesswire.com published: “GATX Corporation Reports 2015 Fourth-Quarter and Full-Year Results” on January 21, 2016. More interesting news about GATX Corporation (NYSE:GATX) were released by: Globenewswire.com and their article: “GATX Corporation Announces Change of Ticker Symbol to GATX” published on June 22, 2016 as well as Seekingalpha.com‘s news article titled: “GATX Corp.: A Mediocre Business With Trouble Ahead” with publication date: August 29, 2014.
GATX Company Profile
GATX Corporation, incorporated on July 05, 1916, is a railcar lessor, owning fleets in North America, Europe and Asia. The Firm operates a fleet of the United States-flagged vessels on the Great Lakes, and owns and manages marine assets and other assets. The Firm operates through four divisions: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. The Firm owns a fleet of approximately 148,400 railcars. The Firm leases tank cars, freight cars and locomotives in North America; tank cars and freight cars in Europe, and freight cars in India. It also has an ownership interest in over 2,400 railcars through investments in affiliated companies. The Firm manages approximately 600 railcars for other third-party owners. The Company’s rail clients operate in the petroleum, chemical, food/agriculture and transportation industries.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.