Analysts Offer Insights on Financial Companies: GATX Corp (GATX) and Simmons 1st Nat’l (SFNC)
Analysts have been eager to weigh in on the Financial sector with new ratings on GATX Corp (GATX) and Simmons 1st Nat’l (SFNC).
GATX Corp (GATX)
Cowen & Co. analyst Matt Elkott maintained a Hold rating on GATX Corp today and set a price target of $85. The company’s shares closed yesterday at $78.11.
According to TipRanks.com, Elkott is a 4-star analyst with an average return of 13.6% and a 62.8% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Trinity Industries, Westinghouse Air, and Greenbrier.
Currently, the analyst consensus on GATX Corp is a Moderate Buy with an average price target of $87.
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Simmons 1st Nat’l (SFNC)
In a report released today, Matt Olney from Stephens maintained a Buy rating on Simmons 1st Nat’l, with a price target of $29. The company’s shares closed yesterday at $24.56.
“We’re encouraged to see the core NIM stabilize and believe current levels can be maintained for the remainder of 2019. Nonaccrual levels increased which appears to be an isolated credit issue but we think investors will hold SFNC in the penalty box until credit trends stabilize. Our price target of $29 (was $31) represents 12x our 2020 EPS forecast of $2.38 (was $2.56). We are maintaining our Overweight rating.”
According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.6% and a 45.1% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.
Currently, the analyst consensus on Simmons 1st Nat’l is a Moderate Buy with an average price target of $31.
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