Cowen & Co. Keeps Their Hold Rating on GATX Corp

By Jason Carr

In a report released today, Matt Elkott from Cowen & Co. reiterated a Hold rating on GATX Corp (NYSE: GATX), with a price target of $63. The company’s shares closed on Friday at $61.06.

According to TipRanks.com, Elkott is a 4-star analyst with an average return of 13.2% and a 65.0% success rate. Elkott covers the Services sector, focusing on stocks such as Echo Global Logistics, Old Dominion Freight, and Union Pacific Corp.

GATX Corp has an analyst consensus of Hold, with a price target consensus of $61.

Based on GATX Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $348 million and quarterly net profit of $53.4 million. In comparison, last year the company earned revenue of $359 million and had a net profit of $61.2 million.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2017, Paul Titterton, the VP & Chief Commercial Officer of GATX sold 2,843 shares for a total of $175,334.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

GATX Corp. leases, operates, manages, and remarkets long-lived, widely-used assets, primarily in the rail and marine markets. The company operates business through the following segments: Rail North America, Rail International, American Steamship Co. and Portfolio Management.