Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for GATX Corp. (NYSE: GATX) weakened recently. GATX’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 9/13/24, GATX Corp. (NYSE: GATX) stock increased 1.8%, closing at $138.77. However, this advance was accompanied by below average trading volume at 74% of normal. Relative to the market the stock has been strong over the last nine months and has risen 3.6% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. GATX has a neutral Appreciation Score of 49 but a good Power Rating of 75, resulting in the High Neutral Value Trend Rating.
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