CAI International Price Target Lowered to $21.00 at Cowen and Company (CAP)
Equities research analysts at Cowen and Company cut their price target on shares of CAI International (NYSE:CAP) from $25.00 to $21.00 in a research note issued to investors on Monday, American Banking News.com reports. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price target indicates a potential upside of 7.03% from the stock’s previous close.
CAI International (NYSE:CAP) traded down 0.97% on Monday, hitting $19.43. 19,161 shares of the company’s stock traded hands. CAI International has a one year low of $19.45 and a one year high of $30.28. The stock’s 50-day moving average is $21.80 and its 200-day moving average is $22.38. The company has a market cap of $432.1 million and a price-to-earnings ratio of 6.61.
Separately, analysts at Zacks upgraded shares of CAI International from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $23.90 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $28.54.
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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