Boost Your Portfolio with GATX (GATX): A Must-Have Investment for Savvy Financiers

  • GATX Corporation is reaping benefits from its shareholder-friendly initiatives, making it an attractive stock pick.
  • The company’s stock has seen an impressive 18.5% gain over the past six months.
  • GATX’s earnings are expected to grow 6.79% year over year for 2024.

Explore why GATX Corporation is an attractive stock pick, with its impressive price trend, positive earnings surprise history, and strong growth factors.

Impressive Performance of GATX Corporation

GATX Corporation has had an impressive run on the bourse in the past year, with shares gaining 18.5% over the past six months. The company’s solid Zacks Rank of #2 (Buy) makes it a compelling investment proposition at the moment. Over the past 90 days, the Zacks Consensus Estimate for 2024 earnings has been revised 3% upward, indicating a positive outlook for the company.

Positive Earnings Surprise History and Growth Factors

GATX has an encouraging track record with respect to earnings surprise, having surpassed the Zacks Consensus Estimate in three of the last four quarters. The average beat is 7.49%. For 2024, GATX’s earnings are expected to grow 6.79% year over year. The company has been paying regular dividends since 1919, marking 2024 as the 106th consecutive year of GATX paying out dividends. Such shareholder-friendly moves instill investor confidence and positively impact the company’s bottom line.

Industry Ranking and Other Stocks to Consider

The industry to which GATX belongs currently has a Zacks Industry Rank of 16 (250 plus groups), placing GATX in the top 6% of Zacks Industries. This good rank indicates that the performance of the industry group to which a stock belongs is directly related to 50% of a stock price movement. Other top-ranked stocks for investors’ consideration in the Zacks Transportation sector include Air Lease and Wabtec Corporation, each sporting a Zacks Rank #1.

Conclusion

In conclusion, GATX Corporation presents an attractive investment opportunity with its impressive stock performance, positive earnings surprise history, and strong growth factors. The company’s shareholder-friendly initiatives and high industry ranking further enhance its appeal. Investors may also consider other top-ranked stocks in the Zacks Transportation sector such as Air Lease and Wabtec Corporation.

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