Is Buying 52-Week Stock Like GATX Corporation (GATX) a Winning Strategy?

May 16, 2018 - By Thomas Roop

The stock of GATX Corporation (NYSE:GATX) hit a new 52-week high and has $77.23 target or 4.00 % above today’s $74.26 share price. The 7 months bullish chart indicates low risk for the $2.80B company. The 1-year high was reported on May, 16 by Barchart.com. If the $77.23 price target is reached, the company will be worth $112.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.73% or $1.26 during the last trading session, reaching $74.26. About 64,179 shares traded. GATX Corporation (NYSE:GATX) has risen 18.16% since May 16, 2017 and is uptrending. It has outperformed by 6.61% the S&P500.

Analysts await GATX Corporation (NYSE:GATX) to report earnings on July, 19. They expect $0.92 earnings per share, down 30.30 % or $0.40 from last year’s $1.32 per share. GATX’s profit will be $34.69 million for 20.18 P/E if the $0.92 EPS becomes a reality. After $1.98 actual earnings per share reported by GATX Corporation for the previous quarter, Wall Street now forecasts -53.54 % negative EPS growth.

More news for GATX Corporation (NYSE:GATX) were recently published by: Globenewswire.com, which released: “GATX Corporation Announces Quarterly Dividend” on May 01, 2018. Globenewswire.com‘s article titled: “GATX Corporation Reports 2018 First-Quarter Results” and published on April 19, 2018 is yet another important article.

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company has market cap of $2.80 billion. The firm operates in four divisions: Rail North America, Rail International, American Steamship Company , and Portfolio Management. It has a 5.56 P/E ratio. The Rail North America segment primarily leases railcars and locomotive.

GATX Corporation (NYSE:GATX) Institutional Positions Chart

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