CAI International, Inc. (CAI) Given Consensus Recommendation of “Buy” by Brokerages

CAI International, Inc. (NYSE:CAI) has been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $35.80.

Several equities research analysts have recently issued reports on CAI shares. ValuEngine downgraded shares of CAI International from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Cowen restated a “hold” rating and issued a $28.00 price objective on shares of CAI International in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of CAI International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. SunTrust Banks restated a “buy” rating and issued a $40.00 price objective on shares of CAI International in a research note on Friday, October 20th. Finally, Wells Fargo & Company raised their price objective on shares of CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th.

In other CAI International news, Director Gary Sawka sold 3,000 shares of CAI International stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $36.50, for a total transaction of $109,500.00. Following the sale, the director now owns 541 shares in the company, valued at $19,746.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Camille Cutino sold 23,386 shares of CAI International stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $37.18, for a total transaction of $869,491.48. Following the sale, the vice president now owns 71,640 shares in the company, valued at approximately $2,663,575.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 791,214 shares of company stock worth $22,015,109. 24.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. American International Group Inc. boosted its stake in CAI International by 7.1% during the first quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock worth $152,000 after buying an additional 637 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in CAI International during the first quarter worth $184,000. Quotient Investors LLC acquired a new stake in CAI International during the third quarter worth $224,000. Brandywine Global Investment Management LLC boosted its stake in CAI International by 41.1% during the second quarter. Brandywine Global Investment Management LLC now owns 10,204 shares of the transportation company’s stock worth $241,000 after buying an additional 2,974 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in CAI International during the second quarter worth $248,000. Hedge funds and other institutional investors own 69.22% of the company’s stock.

Shares of CAI International (CAI) traded up $0.48 during mid-day trading on Thursday, reaching $34.25. The company’s stock had a trading volume of 306,417 shares, compared to its average volume of 191,737. CAI International has a one year low of $8.41 and a one year high of $40.11. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $663.98, a P/E ratio of 19.92, a PEG ratio of 1.63 and a beta of 2.32.

CAI International (NYSE:CAI) last announced its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.70 by $0.20. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The company had revenue of $90.16 million for the quarter, compared to the consensus estimate of $89.43 million. During the same quarter last year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. sell-side analysts expect that CAI International will post 2.64 earnings per share for the current fiscal year.

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About CAI International

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.

Analyst Recommendations for CAI International (NYSE:CAI)

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