GATX (GATX) is Initiated by Cowen to “Market Perform”

GATX (GATX) was Initiated by Cowen to “Market Perform” and the brokerage firm has set the Price Target at $62. Cowen advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Cowen Initiated GATX on Mar 3, 2017 to “Market Perform”, Price Target of the shares are set at $62.Cowen Initiated GATX on Mar 3, 2017 to “Market Perform”, Price Target of the shares are set at $62.Stifel Downgraded GATX on Jan 12, 2017 to ” Sell”, Price Target of the shares are set at $49.GATX was Initiated by Citigroup to “Buy” on Dec 20, 2016. GATX was Downgraded by Sidoti to ” Neutral” on Dec 14, 2016.

On the company’s financial health, GATX reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jan 19, 2017. Analyst had a consensus of $1.05. The company had revenue of $362.10 million for the quarter, compared to analysts expectations of $355.71 million. The company’s revenue was down -4.4 % compared to the same quarter last year.

GATX opened for trading at $58.79 and hit $60.27 on the upside on Monday, eventually ending the session at $59.77, with a gain of 1.72% or 1.01 points. The heightened volatility saw the trading volume jump to 4,20,080 shares. Company has a market cap of $2,355 M.

GATX

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