The stock of GATX Corporation (NYSE:GATX) hit a new 52-week high and has $55.85 target or 5.00% above today’s $53.19 share price. The 5 months bullish chart indicates low risk for the $2.13B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $55.85 price target is reached, the company will be worth $106.50M 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 96,680 shares traded hands. GATX Corporation (NYSE:GATX) has risen 19.40% since April 25, 2016 and is uptrending. It has outperformed by 13.38% the S&P500.
Analysts await GATX Corporation (NYSE:GATX) to report earnings on January, 19. They expect $1.05 earnings per share, down 27.08% or $0.39 from last year’s $1.44 per share. GATX’s profit will be $42.05M for 12.66 P/E if the $1.05 EPS becomes a reality. After $2.25 actual earnings per share reported by GATX Corporation for the previous quarter, Wall Street now forecasts -53.33% negative EPS growth.
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, Globenewswire.com published: “GATX Corporation Announces Change of Ticker Symbol to GATX” on June 22, 2016. More interesting news about GATX Corporation (NYSE:GATX) were released by: Seekingalpha.com and their article: “GATX Corp.: A Mediocre Business With Trouble Ahead” published on August 29, 2014 as well as Seekingalpha.com‘s news article titled: “GATX Corporation: Management’s Railcar Expertise Helps Investors Sleep At Night” with publication date: December 23, 2015.
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.
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