Could GATX Corporation (GATX) Skyrocket Even More? The Stock Just Made 52-Week High

January 22, 2018 - By Stephen Andrade

The stock of GATX Corporation (NYSE:GATX) hit a new 52-week high and has $73.95 target or 6.00 % above today’s $69.76 share price. The 9 months bullish chart indicates low risk for the $2.67 billion company. The 1-year high was reported on Jan, 22 by Barchart.com. If the $73.95 price target is reached, the company will be worth $160.32M 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.

The stock increased 2.20% or $1.5 during the last trading session, reaching $69.76. About 174,945 shares traded. GATX Corporation (NYSE:GATX) has risen 36.88% since January 22, 2017 and is uptrending. It has outperformed by 20.18% the S&P500.

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 -20.44% below currents $69.76 stock price. GATX had 3 analyst reports since January 12, 2017 according to SRatingsIntel. On Friday, March 3 the stock rating was initiated by Cowen & Co with “Market Perform”. On Thursday, January 12 the stock rating was downgraded by Stifel Nicolaus to “Sell”. The company was maintained on Friday, June 16 by Axiom Capital.

More notable recent GATX Corporation (NYSE:GATX) news were published by: Globenewswire.com which released: “GATX Corporation Reports 2017 Fourth-Quarter and Full-Year Results” on January 18, 2018, also Zacks.com with their article: “GATX Corp Q4 Earnings Disappoint, Revenues Top Estimates” published on January 19, 2018, Nasdaq.com published: “Should Value Investors Choose GATX Corporation (GATX) Stock?” on January 16, 2018. More interesting news about GATX Corporation (NYSE:GATX) were released by: Zacks.com and their article: “Why the Earnings Streak Will Continue for GATX Corporation (GATX) January 08, 2018” published on January 08, 2018 as well as Finance.Yahoo.com‘s news article titled: “Should You Buy GATX Corporation (GATX) Ahead of Earnings?” with publication date: January 18, 2018.

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company has market cap of $2.67 billion. The firm operates in four divisions: Rail North America, Rail International, American Steamship Company , and Portfolio Management. It has a 5.47 P/E ratio. The Rail North America segment primarily leases railcars and locomotive.

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