Media stories about GATX Corporation (NYSE:GATX) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GATX Corporation earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 47.1438780018836 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- GATX Corporation (GATX) Expected to Announce Quarterly Sales of $344.65 Million (americanbankingnews.com)
- GATX reports railcar leasing dip (assetfinanceinternational.com)
- GATX posts sluggish Q3 results amid challenging railcar leasing market (americanshipper.com)
- June 2018 Options Now Available For GATX (thestreet.com)
- GATX Corp Surpasses Earnings and Revenue Estimates in Q3 (finance.yahoo.com)
Shares of GATX Corporation (NYSE GATX) traded up 1.10% during trading on Friday, hitting $60.62. 267,226 shares of the company’s stock were exchanged. The stock has a market cap of $2.35 billion, a P/E ratio of 12.52 and a beta of 1.20. GATX Corporation has a one year low of $42.21 and a one year high of $66.30. The firm has a 50-day moving average price of $61.35 and a 200-day moving average price of $61.48.
GATX Corporation (NYSE:GATX) last announced its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.26. GATX Corporation had a net margin of 13.76% and a return on equity of 14.51%. The firm had revenue of $259.60 million during the quarter, compared to analysts’ expectations of $350.04 million. During the same quarter in the prior year, the company earned $1.50 EPS. The company’s revenue was down 28.5% compared to the same quarter last year. Equities research analysts expect that GATX Corporation will post $4.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, September 30th. Stockholders of record on Friday, September 15th were given a $0.42 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.77%. GATX Corporation’s payout ratio is presently 34.93%.
GATX has been the subject of several analyst reports. BidaskClub upgraded shares of GATX Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research lowered shares of GATX Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Buckingham Research dropped their target price on shares of GATX Corporation from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, October 20th. Cowen and Company reiterated a “hold” rating and set a $63.00 target price on shares of GATX Corporation in a report on Monday, August 28th. Finally, Stifel Nicolaus upgraded shares of GATX Corporation from a “sell” rating to a “hold” rating and increased their target price for the stock from $50.00 to $54.00 in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $57.33.
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In other news, VP Jeffery R. Young sold 2,910 shares of the company’s 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 owns 6,881 shares of the company’s stock, valued at approximately $403,914.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by corporate insiders.
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.
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