GATX (GATX) Touches $75.88 High on May, 21; Blue Ridge Capital Upped Alibaba Group Hldg LTD (BABA) Position By $6.00 Million

May 21, 2018 - By Darrin Black

The stock of GATX Corporation (NYSE:GATX) reached all time high today, May, 21 and still has $81.95 target or 8.00% above today’s $75.88 share price. This indicates more upside for the $2.86 billion company. This technical setup was reported by Barchart.com. If the $81.95 PT is reached, the company will be worth $228.88M more. The stock increased 1.44% or $1.08 during the last trading session, reaching $75.88. About 42,031 shares traded. GATX Corporation (NYSE:GATX) has risen 18.16% since May 21, 2017 and is uptrending. It has outperformed by 6.61% the S&P500.

Blue Ridge Capital Llc increased Alibaba Group Hldg Ltd (BABA) stake by 18.86% reported in 2017Q4 SEC filing. Blue Ridge Capital Llc acquired 34,900 shares as Alibaba Group Hldg Ltd (BABA)’s stock rose 3.18%. The Blue Ridge Capital Llc holds 219,900 shares with $37.92M value, up from 185,000 last quarter. Alibaba Group Hldg Ltd now has $506.88 billion valuation. The stock increased 1.16% or $2.27 during the last trading session, reaching $197.27. About 8.40 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since May 21, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Another recent and important GATX Corporation (NYSE:GATX) news was published by Globenewswire.com which published an article titled: “GATX Corporation Announces Quarterly Dividend” on May 01, 2018.

Among 3 analysts covering GATX (NYSE:GATX), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. GATX has $62 highest and $49 lowest target. $55.50’s average target is -26.86% below currents $75.88 stock price. GATX had 3 analyst reports since January 12, 2017 according to SRatingsIntel. The firm has “Sell” rating given on Friday, June 16 by Axiom Capital. Stifel Nicolaus downgraded GATX Corporation (NYSE:GATX) on Thursday, January 12 to “Sell” rating. The company was initiated on Friday, March 3 by Cowen & Co.

Analysts await GATX Corporation (NYSE:GATX) to report earnings on July, 19. They expect $0.92 earnings per share, down 30.30% or $0.40 from last year’s $1.32 per share. GATX’s profit will be $34.69 million for 20.62 P/E if the $0.92 EPS becomes a reality. After $1.98 actual earnings per share reported by GATX Corporation for the previous quarter, Wall Street now forecasts -53.54% negative EPS growth.

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 $2.86 billion. The firm operates in four divisions: Rail North America, Rail International, American Steamship Company , and Portfolio Management. It has a 5.69 P/E ratio. The Rail North America segment primarily leases railcars and locomotive.

Blue Ridge Capital Llc decreased Hd Supply Hldgs Inc (NASDAQ:HDS) stake by 1.97M shares to 4.82M valued at $192.97 million in 2017Q4. It also reduced Lamb Weston Hldgs Inc stake by 739,200 shares and now owns 1.74 million shares. Zto Express Cayman Inc was reduced too.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Livetradingnews.com which released: “Alibaba Group Holding Limited (NYSE:BABA) Stock Overbought” on May 21, 2018, also Finance.Yahoo.com with their article: “Alibaba Group Holding Ltd Is Itching for a Breakout” published on May 17, 2018, Seekingalpha.com published: “Alibaba: Another Explosive Quarter” on May 14, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Seekingalpha.com and their article: “MKM Partners raises its Alibaba target to 43% upside” published on May 18, 2018 as well as Benzinga.com‘s news article titled: “Citron Says Alibaba Is ‘On Its Way To $250′” with publication date: May 02, 2018.

GATX Corporation (NYSE:GATX) Institutional Positions Chart

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