For its second fiscal quarter (ending June 30), GATX Corp. (NYSE: GATX) has reported a -30% decline in E.P.S. from $1.74 a year ago to $1.22 in the current quarter. This performance was $-0.57 short of the consensus estimate of $1.79. E.P.S. were $6.51 for the latest four quarters through June 30 versus $6.08 for the same period a year ago — an increase of 7%.
Recent Price Action
On 7/23/24, GATX Corp. (NYSE: GATX) stock suffered a large decline of -7.7%, closing at $134.23. Moreover, this decline was accompanied by exceptionally high trading volume at 247% of normal. Relative to the market the stock has been strong over the last nine months but has declined -8.3% during the last week.
Current PriceTarget Research Rating
GATX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
GATX has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. GATX has a neutral Appreciation Score of 47 but a good Power Rating of 73, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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