CAI International, Inc. (NYSE:CAI) has earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $26.00.

Several brokerages have weighed in on CAI. ValuEngine lowered shares of CAI International from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Cowen and Company reiterated a “hold” rating and issued a $28.00 price target on shares of CAI International in a research report on Wednesday, October 4th. Zacks Investment Research lowered shares of CAI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.00 price target on shares of CAI International in a research report on Friday, July 14th. Finally, TheStreet upgraded shares of CAI International from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th.

WARNING: “CAI International, Inc. (CAI) Receives Average Recommendation of “Hold” from Analysts” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/11/cai-international-inc-cai-receives-average-recommendation-of-hold-from-analysts.html.

Shares of CAI International (NYSE CAI) traded up 0.23% during midday trading on Wednesday, hitting $30.99. The stock had a trading volume of 93,815 shares. CAI International has a 52-week low of $6.75 and a 52-week high of $31.61. The company has a market cap of $594.08 million, a PE ratio of 45.24 and a beta of 2.19. The company’s 50 day moving average is $29.71 and its 200 day moving average is $23.80.

CAI International (NYSE:CAI) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. The firm had revenue of $82.69 million during the quarter, compared to analysts’ expectations of $85.18 million. CAI International had a net margin of 4.14% and a return on equity of 4.13%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. On average, analysts anticipate that CAI International will post $2.32 earnings per share for the current year.

In other CAI International news, Director Hiromitsu Ogawa sold 693,927 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $26.60, for a total transaction of $18,458,458.20. Following the transaction, the director now owns 712,433 shares of the company’s stock, valued at $18,950,717.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 24.50% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in CAI International during the 2nd quarter valued at $698,000. 361 Capital LLC acquired a new stake in CAI International during the 2nd quarter valued at $413,000. Arrowstreet Capital Limited Partnership acquired a new stake in CAI International during the 2nd quarter valued at $540,000. State Street Corp grew its holdings in CAI International by 9.4% during the 2nd quarter. State Street Corp now owns 305,182 shares of the transportation company’s stock valued at $7,203,000 after purchasing an additional 26,142 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in CAI International during the 2nd quarter valued at $281,000. 58.10% of the stock is currently owned by institutional investors and hedge funds.

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.

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.