Can GATX (GMT) Continue to Surge?
One company that should be on your radar is GATX Corp. (GMT). The stock of this Rental and Leasing services provider has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For GMT’s full year estimate, we have seen 3 estimates go higher in the past 30 days, compared to none moving lower. This trend has helped the consensus estimate to trend higher, going from $3.57 per share a month ago to its current level at $3.93.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, GMT has seen some pretty solid trading lately, as the company has moved higher by 13.4% in the past month.
If GATX can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put GMT on your watch list for the future.
Other top-ranked stocks worth considering in this space include Trinity Industries Inc. (TRN), American Railcar Industries, Inc. (ARII) and Covenant Transportation Group, Inc. (CVTI). While Trinity Industries sport a Zacks Rank #1 (Strong Buy), American Railcar and Covenant Transportation hold a Zacks Rank #2 (Buy).
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GATX CORP (GMT): Free Stock Analysis Report
TRINITY INDUSTRIES INC (TRN): Free Stock Analysis Report
AMERICAN RAILCAR INDUSTRIES ND (ARII): Free Stock Analysis Report
COVENANT TRANSPORTATION GROUP CL (CVTI): Free Stock Analysis Report
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