GATX Reaches New 52-Week High (GMT)

NEW YORK ( TheStreet) -- GATX (NYSE: GMT) hit a new 52-week high Thursday as it is currently trading at $45.24, above its previous 52-week high of $45.14 with 28,258 shares traded as of 9:35 a.m. ET. Average volume has been 306,800 shares over the past 30 days.

GATX has a market cap of $2.07 billion and is part of the services sector and diversified services industry. Shares are up 2.8% year to date as of the close of trading on Wednesday.

GATX Corporation leases, operates, and manages assets in the rail, marine, and industrial equipment markets. It operates in three segments: Rail, Specialty, and American Steamship Company (ASC). The company has a P/E ratio of 21.2, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates GATX as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full GATX Ratings Report.

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