CAI International Inc. (NYSE:CAI) Receives Average Rating of “Hold” from Analysts
Shares of CAI International Inc. (NYSE:CAI) have been assigned a consensus rating of “Hold” from the six analysts that are covering the firm. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $34.25.
Separately, Zacks Investment Research cut CAI International from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th.
CAI International (NYSE:CAI) traded down 2.05% during midday trading on Tuesday, reaching $8.12. The company had a trading volume of 13,291 shares. The firm has a 50-day moving average of $8.09 and a 200-day moving average of $8.49. CAI International has a 12 month low of $4.83 and a 12 month high of $12.36. The stock has a market cap of $156.32 million, a P/E ratio of 14.37 and a beta of 2.30.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/cai-international-inc-nysecai-receives-average-rating-of-hold-from-analysts.html
CAI International (NYSE:CAI) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by $0.18. CAI International had a return on equity of 8.09% and a net margin of 4.19%. The firm had revenue of $71.60 million for the quarter, compared to the consensus estimate of $69.53 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue was up 20.5% on a year-over-year basis. On average, equities analysts expect that CAI International will post $1.12 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the stock. Wellington Management Group LLP bought a new stake in shares of CAI International during the first quarter valued at about $26,396,000. Dimensional Fund Advisors LP boosted its stake in shares of CAI International by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,117,677 shares of the company’s stock valued at $8,383,000 after buying an additional 47,969 shares during the period. Vanguard Group Inc. boosted its stake in shares of CAI International by 0.3% in the second quarter. Vanguard Group Inc. now owns 620,723 shares of the company’s stock valued at $4,655,000 after buying an additional 1,783 shares during the period. BlackRock Institutional Trust Company N.A. bought a new stake in shares of CAI International during the first quarter valued at about $5,183,000. Finally, BlackRock Fund Advisors bought a new stake in shares of CAI International during the first quarter valued at about $4,132,000. Institutional investors and hedge funds own 61.82% of the company’s stock.
About CAI International
CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, which it leases primarily to container shipping lines, freight forwarders and other transportation companies. The Company operates through three segments: container leasing, rail leasing and logistics.
Receive News & Ratings for CAI International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAI International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.