CLSA issued a report on GATX (NYSE:GATX), raising its target price to $45.00 earlier today
- Updated: September 30, 2016
Boasting a price of $43.58, GATX (NYSE:GATX) traded 0.69% higher on the day. With the last stock price close down -3.50% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. GATX has recorded a 50-day average of $43.12 and a two hundred day average of $45.16. Volume of trade was down over the average, with 268,919 shares of GATX changing hands under the typical 358,470
Stating a potential upside of 0.03%, CLSA upped the price target of GATX (NYSE:GATX) to $45.00
With a total market value of $0, GATX has P/E ratio of 8.07 with a 52 week low of $33.53 and a 52 week high of $52.02 .
General Information About GATX (NYSE:GATX)
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services. Rail International comprises the Company's European operations, GATX Rail Europe (GRE), and a railcar leasing business in India (Rail India), as well as one development-stage affiliate in China. ASC operates a fleet of the United States-flagged vessels on the Great Lakes, providing waterborne transportation of dry bulk commodities, such as iron ore, coal, limestone aggregates and metallurgical limestone. Portfolio Management generates leasing, marine operating, asset remarketing and management fee income through a collection of diversified assets and joint venture investments.
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