GATX Corporation (NYSE:GATX) had its target price dropped by investment analysts at Buckingham Research from $64.00 to $61.00 in a report issued on Friday. The firm presently has a “neutral” rating on the transportation company’s stock. Buckingham Research’s target price indicates a potential downside of 0.38% from the company’s previous close.

Several other brokerages also recently issued reports on GATX. Stifel Nicolaus restated a “hold” rating and set a $56.00 price objective on shares of GATX Corporation in a research report on Tuesday. BidaskClub upgraded shares of GATX Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday. Axiom Securities restated a “sell” rating on shares of GATX Corporation in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of GATX Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, ValuEngine upgraded shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.33.

Shares of GATX Corporation (NYSE GATX) traded down 0.6654% during trading on Friday, reaching $60.8226. The company had a trading volume of 275,527 shares. GATX Corporation has a 12 month low of $42.21 and a 12 month high of $66.30. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 10.2533 and a beta of 1.20. The firm has a 50 day moving average price of $61.43 and a 200 day moving average price of $61.52.

GATX Corporation (NYSE:GATX) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.26. The firm had revenue of $259.60 million during the quarter, compared to the consensus estimate of $350.04 million. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The business’s revenue for the quarter was down 28.5% compared to the same quarter last year. During the same period last year, the business posted $1.50 earnings per share. Analysts predict that GATX Corporation will post $4.60 earnings per share for the current year.

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In other news, VP Jeffery R. Young sold 2,910 shares of GATX Corporation stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total value of $170,817.00. Following the completion of the sale, the vice president now directly owns 6,881 shares in the company, valued at $403,914.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in shares of GATX Corporation by 2.9% in the second quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock valued at $145,000 after buying an additional 64 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of GATX Corporation by 0.6% in the second quarter. State Treasurer State of Michigan now owns 16,090 shares of the transportation company’s stock valued at $1,034,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its position in shares of GATX Corporation by 0.6% in the second quarter. Arizona State Retirement System now owns 16,500 shares of the transportation company’s stock valued at $1,060,000 after buying an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of GATX Corporation by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 19,651 shares of the transportation company’s stock valued at $1,263,000 after buying an additional 107 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of GATX Corporation by 1.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 12,660 shares of the transportation company’s stock valued at $814,000 after buying an additional 120 shares in the last quarter.

About GATX Corporation

GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. 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 operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.

Analyst Recommendations for GATX Corporation (NYSE:GATX)

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