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Date | Price Target | Rating | Analyst |
---|---|---|---|
11/18/2024 | $185.00 | Buy | Goldman |
1/24/2024 | $122.00 → $136.00 | Market Perform | TD Cowen |
7/26/2023 | $135.00 → $137.00 | Outperform → Market Perform | TD Cowen |
3/14/2023 | $152.00 | Buy | Sidoti |
11/7/2022 | Positive → Neutral | Susquehanna | |
2/2/2022 | $130.00 | Neutral → Buy | Sidoti |
1/10/2022 | $110.00 → $120.00 | Overweight | Wells Fargo |
10/20/2021 | $103.00 → $110.00 | Overweight | Wells Fargo |
GATX (NYSE:GATX) reported quarterly earnings of $1.43 per share which missed the analyst consensus estimate of $1.77 by 19.21 percent. This is a 17.34 percent decrease over earnings of $1.73 per share from the same period last year. The company reported quarterly sales of $386.70 million which beat the analyst consensus estimate of $385.45 million by 0.32 percent. This is a 12.67 percent increase over sales of $343.20 million the same period last year.
About 14% of the S&P 500 companies have reported their June quarter earnings and the blended earnings growth rate for the companies constituting the broader index remains healthy. The coming week will see the official start of the tech reporting season, which could potentially decide the fate of the market, which has seen a steep pullback in the recent week. The Week That Was: The tech earnings season had a modest start last week with the earnings report from chip-equipment maker ASML Holding N.V. (NASDAQ:ASML). The stock slumped about 16%, dragged by its weak third-quarter outlook and geopolitical concerns surrounding the China chip ban. Netflix, Inc.’s (NASDAQ:NFLX) guidance disappointe
GATX Corporation (NYSE:GATX) was recently selected by the Chemistry Industry Association of Canada ("CIAC") to receive the 2023 Responsible Care® Excellence in Partnership Award. This award was presented to GATX at the annual CIAC board of directors' meeting on Oct. 22, 2024. The CIAC's Responsible Care Program has been in place for over 35 years, and is designed to bring chemical producers and their key suppliers together to demonstrate a common commitment to continuously improve the industry's safety, sustainability and overall performance. GATX is a Responsible Care Partner in both the CIAC and the American Chemistry Council (ACC) program in the United States. CIAC's president and chie
The board of directors of GATX Corporation (NYSE:GATX) today declared a quarterly dividend of $0.58 per common share, payable Dec. 31, 2024, to shareholders of record on Dec. 13, 2024. This quarterly dividend is unchanged from the prior quarter. COMPANY DESCRIPTION At GATX Corporation (NYSE:GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chic
Demand for railcars across GATX's global fleets remains strong; Rail North America's fleet utilization remains above 99% Aircraft spare engine portfolio continues strong performance Investment volume was $504.5 million in the third quarter and totaled over $1.3 billion year to date Company updates 2024 full-year earnings guidance to $7.50 – 7.70 per diluted share GATX Corporation (NYSE:GATX) today reported 2024 third-quarter net income of $89.0 million, or $2.43 per diluted share, compared to net income of $52.5 million, or $1.44 per diluted share, in the third quarter of 2023. The 2024 third-quarter results include a net negative impact of $2.5 million, or $0.07 per diluted share,
GATX Corporation (NYSE:GATX) was recently selected by the Chemistry Industry Association of Canada ("CIAC") to receive the 2023 Responsible Care® Excellence in Partnership Award. This award was presented to GATX at the annual CIAC board of directors' meeting on Oct. 22, 2024. The CIAC's Responsible Care Program has been in place for over 35 years, and is designed to bring chemical producers and their key suppliers together to demonstrate a common commitment to continuously improve the industry's safety, sustainability and overall performance. GATX is a Responsible Care Partner in both the CIAC and the American Chemistry Council (ACC) program in the United States. CIAC's president and chie
The board of directors of GATX Corporation (NYSE:GATX) today declared a quarterly dividend of $0.58 per common share, payable Dec. 31, 2024, to shareholders of record on Dec. 13, 2024. This quarterly dividend is unchanged from the prior quarter. COMPANY DESCRIPTION At GATX Corporation (NYSE:GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chic
Demand for railcars across GATX's global fleets remains strong; Rail North America's fleet utilization remains above 99% Aircraft spare engine portfolio continues strong performance Investment volume was $504.5 million in the third quarter and totaled over $1.3 billion year to date Company updates 2024 full-year earnings guidance to $7.50 – 7.70 per diluted share GATX Corporation (NYSE:GATX) today reported 2024 third-quarter net income of $89.0 million, or $2.43 per diluted share, compared to net income of $52.5 million, or $1.44 per diluted share, in the third quarter of 2023. The 2024 third-quarter results include a net negative impact of $2.5 million, or $0.07 per diluted share,
GATX Corporation (NYSE:GATX), the leading global lessor of transportation assets, today announced that Christopher LaHurd has been appointed senior vice president, international, effective immediately. In this role, Mr. LaHurd will focus on developing and implementing strategic and operational initiatives that position GATX to fully capitalize on the attractive growth opportunities in the European rail market. "I am pleased to announce Chris' promotion," said Robert C. Lyons, president and chief executive officer of GATX Corporation. "Chris has a proven track record managing various aspects of our international businesses during his tenure at GATX. With his extensive knowledge of the Comp
GATX Corporation (NYSE:GATX) today announced the election of John M. Holmes to its board of directors. Mr. Holmes will also serve as a member of the board's Audit Committee. With the appointment of Mr. Holmes, the GATX board will now consist of 10 members, including nine independent directors. "We are pleased to welcome John to GATX's board of directors," said Robert C. Lyons, president and chief executive officer of GATX. "John is an outstanding business leader with deep international experience and a strong track record of performance. His insights will be an asset to GATX as we continue executing our global growth strategy." "John is an excellent addition to our group of independent
GATX Corporation (NYSE:GATX), the leading global lessor of transportation assets, today announced three senior leadership promotions, effective immediately: Kevin J. Hillesland has been appointed Senior Vice President, Structured Finance, where he will continue to drive various strategic initiatives, including GATX's investment in aircraft spare engines. Since joining GATX in 1994, Mr. Hillesland has held leadership positions in corporate finance, portfolio investments and structured finance with increasing responsibility. He also serves as a board member of Rolls-Royce & Partners Finance, GATX's 50% owned aircraft spare engine leasing joint venture. In his most recent role as Vice Presid
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Goldman initiated coverage of GATX with a rating of Buy and set a new price target of $185.00
TD Cowen reiterated coverage of GATX with a rating of Market Perform and set a new price target of $136.00 from $122.00 previously
TD Cowen downgraded GATX from Outperform to Market Perform and set a new price target of $137.00 from $135.00 previously
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