GATX (NYSE:GMT) traded at a new 52-week high today of $45.50. This new high was reached on approximately average trading volume as 348,000 shares traded hands, while the average 30-day volume is approximately 307,000 shares.
GATX Corporation is a specialized finance and leasing company focusing on the rail, marine and other targeted assets. The Company is a full service lessor of rail, tank and freight cars. GATX also manages transportation and other leased assets on behalf of third parties.
Potential upside of 7.4% exists for GATX, based on a current level of $44.70 and analysts' average consensus price target of $48.00. The stock should discover initial support at its 50-day moving average (MA) of $41.86 and subsequent support at its 200-day MA of $37.97.
In the past 52 weeks, GATX share prices have been bracketed by a low of $28.90 and a high of $45.50 and are now at $44.70, 55% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
