CAI International (CAI) Lowered to “Buy” at ValuEngine

CAI International (NYSE:CAI) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Other analysts have also issued reports about the company. SunTrust Banks reaffirmed a “buy” rating and issued a $40.00 price target on shares of CAI International in a research note on Friday, October 20th. Zacks Investment Research raised CAI International from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, October 19th. Cowen reissued a “hold” rating and set a $34.00 price objective on shares of CAI International in a research note on Thursday, October 19th. Wells Fargo & Company boosted their price objective on CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Finally, William Blair reissued an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. CAI International presently has an average rating of “Buy” and an average price target of $35.80.

Shares of CAI International (CAI) traded down $1.47 during trading hours on Friday, hitting $32.78. The stock had a trading volume of 275,264 shares, compared to its average volume of 233,537. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $631.60, a price-to-earnings ratio of 18.95, a PEG ratio of 1.55 and a beta of 2.26. CAI International has a 12-month low of $8.41 and a 12-month high of $40.11.

CAI International (NYSE:CAI) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.20. The firm had revenue of $90.16 million for the quarter, compared to analyst estimates of $89.43 million. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. analysts forecast that CAI International will post 2.64 earnings per share for the current year.

In other CAI International news, VP Camille Cutino sold 23,386 shares of the business’s 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 transaction, the vice president now owns 71,640 shares of the company’s stock, valued at $2,663,575.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Garcia sold 41,407 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $36.10, for a total value of $1,494,792.70. Following the transaction, the insider now directly owns 68,307 shares in the company, valued at approximately $2,465,882.70. The disclosure for this sale can be found here. Insiders have sold 791,214 shares of company stock worth $22,015,109 in the last three months. 24.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in CAI. American International Group Inc. lifted its stake in shares of CAI International by 7.1% in the 1st quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 637 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of CAI International by 91.9% in the 1st quarter. TIAA CREF Investment Management LLC now owns 78,559 shares of the transportation company’s stock valued at $1,237,000 after purchasing an additional 37,626 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of CAI International by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 655,282 shares of the transportation company’s stock valued at $10,314,000 after purchasing an additional 11,401 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CAI International by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 118,436 shares of the transportation company’s stock valued at $1,864,000 after purchasing an additional 3,611 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of CAI International by 9.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,295,357 shares of the transportation company’s stock valued at $20,389,000 after purchasing an additional 114,781 shares during the last quarter. 69.22% of the stock is currently owned by institutional investors and hedge funds.

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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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Analyst Recommendations for CAI International (NYSE:CAI)

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