GATX - GATX Corporation: Strong Utilization Rates And Pricing Fuel New Gains

2024-04-26 15:08:19 ET

Summary

• GATX Corporation's shares have tripled in the past eight years, and the company has consistently grown its dividend for the past 13 years.
• The company is expected to generate more capital gains due to strong utilization rates and pricing growth.
• The one-year price target for GATX is $137.50, and the stock is rated as a Buy.

Thesis

In the eight years since 2016, the shares of GATX Corporation ( GATX ) have roughly tripled:

It has been a bumpy ride at times, but shareholders with a long-term perspective have been well rewarded. In addition, the company has grown its dividend every year for the past 13 years....

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