CAI International Stock Rating Lowered by Cowen and Company (CAP)
CAI International (NYSE:CAP) was downgraded by Cowen and Company from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
CAI International (NYSE:CAP) traded up 0.09% on Tuesday, hitting $23.45. The stock had a trading volume of 266,538 shares. CAI International has a 52 week low of $18.90 and a 52 week high of $30.28. The stock has a 50-day moving average of $21.61 and a 200-day moving average of $25.26. The company has a market cap of $520.1 million and a P/E ratio of 7.52.
CAI International (NYSE:CAP) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.80 by $0.12. The company had revenue of $53.90 million for the quarter, compared to the consensus estimate of $56.09 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. On average, analysts predict that CAI International will post $3.13 earnings per share for the current fiscal year.
CAP has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of CAI International from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $24.00 price target on the stock. Separately, analysts at Sterne Agee cut their price target on shares of CAI International from $33.00 to $29.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse cut their price target on shares of CAI International from $33.00 to $28.00 in a research note to investors on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. CAI International currently has a consensus rating of “Buy” and an average target price of $30.72.
CAI International, Inc is a equipment leasing and management company, operating primarily in the international intermodal marine cargo container leasing business.
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