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.
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.
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