Cowen & Co. analyst Matt Elkott maintained a Hold rating on GATX (NYSE:GATX) Corp on Tuesday, setting a price target of $61, which is approximately 24.93% below the present share price of $81.26.
Elkott expects GATX Corp to post earnings per share (EPS) of $1.37 for the fourth quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Hold rating of shares in GATX, with an average price target of $67.
The analysts price targets range from a high of $73 to a low of $61.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $304.4 million and a net profit of $78.1 million. The company's market cap is $2.84 billion.
According to TipRanks.com, Cowen & Co. analyst Matt Elkott is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.1% and a 59.26% success rate.
GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe, and Asia. It operates business through the following segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars, pays advalorem taxes and insurance, and provides other ancillary services. The ASC segment provides waterbone transportation of dry bulk commodities such as iron ore, coal, limestone aggregates, and metallurgical limestone, which serves end markets that includes steel making, domestic automobile manufacturing, electricity generation, and non-residential construction. The Portfolio Management segment is composed primarily of ownership in a group of joint ventures with Rolls-Royce (OTC:RYCEY) plc that lease aircraft spare engines, as well as five liquefied gas-carrying vessels, the Norgas Vessels. The company was founded in 1898 and is headquartered in Chicago, IL.