GATX (GATX) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GATX in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" GATX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GATX, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 1 year target prices for GATX's shares. Their GATX share price forecasts range from $122.00 to $145.00. On average, they expect the company's stock price to reach $136.50 in the next year. This suggests a possible upside of 25.7% from the stock's current price.
View analysts price targets for GATX or view top-rated stocks among Wall Street analysts.

GATX's stock was trading at $106.34 at the start of the year. Since then, GATX shares have increased by 2.1% and is now trading at $108.56.
View the best growth stocks for 2023 here.

GATX saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,630,000 shares, an increase of 7.2% from the August 31st total of 1,520,000 shares. Based on an average daily volume of 130,800 shares, the days-to-cover ratio is currently 12.5 days. Currently, 4.7% of the company's shares are short sold.
View GATX's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our GATX earnings forecast.

GATX Co. (NYSE:GATX) announced its earnings results on Tuesday, July, 25th. The transportation company reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.12. The transportation company had revenue of $343.20 million for the quarter, compared to analyst estimates of $338.02 million. GATX had a net margin of 16.46% and a trailing twelve-month return on equity of 11.48%. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $1.07 earnings per share.

GATX declared a quarterly dividend on Friday, July 28th. Investors of record on Friday, September 15th will be paid a dividend of $0.55 per share on Saturday, September 30th. This represents a $2.20 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for GATX.

ETFs with the largest weight of GATX (NYSE:GATX) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P MidCap Low Volatility ETF (XMLV), Avantis U.S. Small Cap Value ETF (AVUV), VictoryShares US Small Mid Cap Value Momentum ETF (USVM), Vanguard Russell 2000 Value ETF (VTWV), iShares Russell 2000 Value ETF (IWN), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).

GATX (NYSE:GATX) pays an annual dividend of $2.20 per share and currently has a dividend yield of 2.00%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GATX will have a dividend payout ratio of 31.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GATX.

GATX updated its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of $6.90- for the period, compared to the consensus estimate of $6.87. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other GATX investors own include Dominion Energy (D), Gilead Sciences (GILD), Valero Energy (VLO), Wells Fargo & Company (WFC), International Business Machines (IBM), Occidental Petroleum (OXY), Exxon Mobil (XOM), ConocoPhillips (COP) and Cisco Systems (CSCO).

GATX trades on the New York Stock Exchange (NYSE) under the ticker symbol "GATX."

GATX's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.21%), Earnest Partners LLC (7.76%), Dimensional Fund Advisors LP (6.54%), Gamco Investors INC. ET AL (4.18%), State Street Corp (3.39%) and Gabelli Funds LLC (3.36%). Insiders that own company stock include Aken Jennifer Van, Brian A Kenney, Brian A Kenney, Deborah A Golden, Deborah A Golden, James M Conniff, James M Conniff, Jeffery R Young, Jennifer Mcmanus, Necati Gokce Tezel, Niyi Adedoyin, Paul F Titterton, Robert C Lyons, Robert Zmudka and Thomas A Ellman.
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Shares of GATX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GATX stock can currently be purchased for approximately $108.56.

GATX (NYSE:GATX) has a market capitalization of $3.84 billion and generates $1.27 billion in revenue each year. The transportation company earns $155.90 million in net income (profit) each year or $6.07 on an earnings per share basis.

The company employs 1,904 workers across the globe.

GATX's mailing address is 233 SOUTH WACKER DRIVE, CHICAGO IL, 60606. The official website for the company is www.gatx.com. The transportation company can be reached via phone at (312) 621-6200, via email at ir@gatx.com, or via fax at 312-621-6648.