Somewhat Favorable Media Coverage Somewhat Unlikely to Impact GATX (GATX) Stock Price
Media stories about GATX (NYSE:GATX) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GATX earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the transportation company an impact score of 45.7764959106495 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
GATX has been the subject of several recent research reports. Zacks Investment Research cut GATX from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. BidaskClub cut GATX from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. Cowen Inc reiterated a “hold” rating and issued a $63.00 price target on shares of GATX in a research report on Monday, August 28th. Buckingham Research reduced their price target on GATX from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Finally, ValuEngine cut GATX from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $57.33.
GATX (NYSE:GATX) opened at $58.91 on Friday. GATX has a 52-week low of $52.44 and a 52-week high of $66.30. The company has a debt-to-equity ratio of 2.92, a quick ratio of 3.13 and a current ratio of 3.13. The company has a market capitalization of $2,261.61, a PE ratio of 11.47, a P/E/G ratio of 0.84 and a beta of 1.19.
GATX (NYSE:GATX) last posted its earnings results on Thursday, October 19th. The transportation company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.26. GATX had a return on equity of 14.51% and a net margin of 13.76%. The business had revenue of $259.60 million during the quarter, compared to analysts’ expectations of $350.04 million. During the same period in the previous year, the business earned $1.50 earnings per share. The firm’s revenue was down 28.5% on a year-over-year basis. equities research analysts predict that GATX will post 4.7 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 31st. Investors of record on Friday, December 15th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, December 14th. GATX’s payout ratio is 34.93%.
In related news, VP Jeffery R. Young sold 2,910 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total transaction of $170,817.00. Following the completion of the transaction, 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 is available through this link. 3.50% of the stock is owned by insiders.
GATX Company Profile
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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