Keefe, Bruyette & Woods Lowers CAI International Price Target to $24.00 (CAP)
Investment analysts at Keefe, Bruyette & Woods cut their price target on shares of CAI International (NYSE:CAP) from $28.00 to $24.00 in a note issued to investors on Thursday. Keefe, Bruyette & Woods’ target price indicates a potential upside of 25.39% from the company’s current price.
CAI International (NYSE:CAP) traded up 0.26% on Thursday, hitting $19.14. The stock had a trading volume of 134,619 shares. CAI International has a 52-week low of $18.67 and a 52-week high of $25.30. The stock’s 50-day moving average is $21.35 and its 200-day moving average is $22.32. The company has a market cap of $409.1 million and a P/E ratio of 7.34.
CAI International (NYSE:CAP) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.69 by $0.06. The company had revenue of $55.31 million for the quarter, compared to the consensus estimate of $56.50 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that CAI International will post $2.63 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of CAI International in a research note on Wednesday. They now have a $27.00 price target on the stock, up previously from $25.00. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of CAI International in a research note on Monday, July 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. CAI International currently has an average rating of “Hold” and a consensus price target of $24.82.
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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