Could Gatx Corporation (NYSE:GATX) Skyrocket? The Stock Had Too Little Sellers

January 19, 2018 - By Clifton Ray

 Could Gatx Corporation (NYSE:GATX) Skyrocket? The Stock Had Too Little Sellers

The stock of Gatx Corporation (NYSE:GATX) registered a decrease of 6.89% in short interest. GATX’s total short interest was 8.59 million shares in January as published by FINRA. Its down 6.89% from 9.23 million shares, reported previously. With 260,200 shares average volume, it will take short sellers 33 days to cover their GATX’s short positions.

The stock increased 3.50% or $2.3 during the last trading session, reaching $68.02. About 320,212 shares traded or 7.49% up from the average. GATX Corporation (NYSE:GATX) has risen 36.88% since January 19, 2017 and is uptrending. It has outperformed by 20.18% the S&P500.

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 $2.61 billion. The firm operates in four divisions: Rail North America, Rail International, American Steamship Company , and Portfolio Management. It has a 5.33 P/E ratio. The Rail North America segment primarily leases railcars and locomotive.

GATX Corporation (NYSE:GATX) Ratings Coverage

Among 3 analysts covering GATX (NYSE:GATX), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. GATX had 3 analyst reports since January 12, 2017 according to SRatingsIntel. The rating was initiated by Cowen & Co on Friday, March 3 with “Market Perform”. Axiom Capital maintained the shares of GATX in report on Friday, June 16 with “Sell” rating. As per Thursday, January 12, the company rating was downgraded by Stifel Nicolaus.

More notable recent GATX Corporation (NYSE:GATX) news were published by: Zacks.com which released: “GATX Corp Q4 Earnings Disappoint, Revenues Top Estimates” on January 19, 2018, also Zacks.com with their article: “Should You Buy GATX Corporation (GATX) Ahead of Earnings? January 17, 2018” published on January 17, 2018, Finance.Yahoo.com published: “Should You Buy GATX Corporation (GATX) Ahead of Earnings?” on January 18, 2018. More interesting news about GATX Corporation (NYSE:GATX) were released by: Globenewswire.com and their article: “GATX Corporation Reports 2017 Fourth-Quarter and Full-Year Results” published on January 18, 2018 as well as Zacks.com‘s news article titled: “Why the Earnings Streak Will Continue for GATX Corporation (GATX) January 08, 2018” with publication date: January 08, 2018.

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