Investor Outlook: GATX (NYSE:GATX) “Sell” Rating Reconfirmed by Analysts at Axiom Securities Today

June 19, 2017 - By Ellis Scott

 Investor Outlook: GATX (NYSE:GATX)

GATX (NYSE:GATX) Rating Reaffirmed

This Morning, Friday morning, GATX (NYSE:GATX)‘s “Sell” rating was reiterated by Axiom Securities in analysts note.

GATX Corporation (NYSE:GATX) Ratings Coverage

Among 3 analysts covering GATX (NYSE:GATX), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. GATX has $62 highest and $49 lowest target. $55.50’s average target is -15.50% below currents $65.68 stock price. GATX had 3 analyst reports since January 12, 2017 according to SRatingsIntel. Stifel Nicolaus downgraded it to “Sell” rating and $49 target in Thursday, January 12 report. Cowen & Co initiated GATX Corporation (NYSE:GATX) rating on Friday, March 3. Cowen & Co has “Market Perform” rating and $62 target. The rating was maintained by Axiom Capital on Friday, June 16 with “Sell”.

About 10,190 shares traded. GATX Corporation (NYSE:GATX) has risen 36.88% since June 19, 2016 and is uptrending. It has outperformed by 20.18% the S&P500.

Investors wait GATX Corporation (NYSE:GATX) to report on July, 20. its quarterly earnings Wall Street analysts expect $1.11 earnings per share, down $0.38 or 25.50 % from last year’s $1.49 same quarter earnings. This translates into $43.78M profit for GATX giving the stock a 14.79 P/E. This is assuming the current $1.11 EPS is accurate. GATX Corporation’s Wall Street analysts see -22.92 % negative EPS growth, taking into account the $1.44 EPS reproted in the previous quarter,

GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. The company has market cap of $2.59 billion. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It has a 10.76 P/E ratio. It operates through four business divisions: Rail North America, Rail International, American Steamship Company , and Portfolio Management.

More notable recent GATX Corporation (NYSE:GATX) news were published by: Seekingalpha.com which released: “GATX Corporation’s (GATX) CEO Brian Kenny on Q1 2017 Results – Earnings Call …” on April 20, 2017, also Seekingalpha.com with their article: “GATX Corporation’s (GATX) CEO Brian Kenny on Q4 2016 Results – Earnings Call …” published on January 20, 2017, Marketwatch.com published: “64.89” on July 05, 2016. More interesting news about GATX Corporation (NYSE:GATX) were released by: Nasdaq.com and their article: “GATX Corporation (GATX) Ex-Dividend Date Scheduled for June 13, 2017” published on June 12, 2017 as well as Zacks.com‘s news article titled: “Is GATX Corporation (GATX) Stock a Suitable Value Pick Now?” with publication date: May 25, 2017.

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