CAI International, Inc. (CAI) Receives Average Rating of “Buy” from Analysts
CAI International, Inc. (NYSE:CAI) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $24.75.
A number of research analysts have commented on CAI shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $26.00 price objective on shares of CAI International in a research note on Friday, July 14th. Cowen and Company lifted their price objective on shares of CAI International from $23.00 to $28.00 and gave the company a “market perform” rating in a research note on Thursday, July 27th. TheStreet upgraded shares of CAI International from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Finally, ValuEngine upgraded shares of CAI International from a “hold” rating to a “buy” rating in a research note on Friday, July 28th.
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In other news, Director Hiromitsu Ogawa sold 693,927 shares of CAI International stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $26.60, for a total value of $18,458,458.20. Following the sale, the director now owns 712,433 shares of the company’s stock, valued at $18,950,717.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 24.50% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of CAI International by 116.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 75,761 shares of the transportation company’s stock valued at $1,193,000 after acquiring an additional 40,717 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of CAI International by 451.7% in the first quarter. Wells Fargo & Company MN now owns 51,880 shares of the transportation company’s stock valued at $816,000 after acquiring an additional 42,476 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of CAI International by 1.0% in the first quarter. Prudential Financial Inc. now owns 271,446 shares of the transportation company’s stock valued at $4,273,000 after acquiring an additional 2,600 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of CAI International by 18.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,425 shares of the transportation company’s stock valued at $211,000 after acquiring an additional 2,130 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its holdings in shares of CAI International by 3.4% in the second quarter. Eagle Boston Investment Management Inc. now owns 328,636 shares of the transportation company’s stock valued at $7,755,000 after acquiring an additional 10,882 shares in the last quarter. 58.10% of the stock is currently owned by institutional investors and hedge funds.
CAI International (NYSE CAI) traded up 2.08% during midday trading on Friday, hitting $27.99. 422,659 shares of the stock traded hands. The company has a market cap of $536.57 million, a P/E ratio of 40.86 and a beta of 2.20. CAI International has a one year low of $6.75 and a one year high of $31.61. The company’s 50 day moving average is $28.66 and its 200-day moving average is $21.84.
CAI International (NYSE:CAI) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $82.69 million for the quarter, compared to analyst estimates of $85.18 million. CAI International had a net margin of 4.14% and a return on equity of 4.13%. CAI International’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share. On average, equities research analysts forecast that CAI International will post $2.33 EPS for the current fiscal year.
CAI International Company Profile
CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its customers, and also manages equipment for third-party investors. The Company operates through three segments: container leasing, rail leasing and logistics.
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