CAI International, Inc. (CAI) Director David G. Remington Sells 11,600 Shares
CAI International, Inc. (NYSE:CAI) Director David G. Remington sold 11,600 shares of CAI International stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $32.63, for a total transaction of $378,508.00. Following the sale, the director now owns 4,581 shares of the company’s stock, valued at $149,478.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
CAI International, Inc. (NYSE CAI) traded up $1.13 during trading hours on Thursday, hitting $32.77. 342,784 shares of the stock were exchanged, compared to its average volume of 192,903. The stock has a market cap of $622.94, a P/E ratio of 18.69, a PEG ratio of 1.53 and a beta of 2.25. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 2.91. CAI International, Inc. has a 12-month low of $8.41 and a 12-month high of $40.11.
CAI International (NYSE:CAI) last announced 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 company had revenue of $90.16 million for the quarter, compared to analysts’ expectations of $89.43 million. CAI International had a net margin of 10.93% and a return on equity of 7.11%. CAI International’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. analysts expect that CAI International, Inc. will post 2.64 EPS for the current fiscal year.
Several brokerages have issued reports on CAI. SunTrust Banks reiterated a “buy” rating and set a $40.00 target price on shares of CAI International in a research report on Friday, October 20th. ValuEngine upgraded shares of CAI International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cowen restated a “hold” rating and issued a $34.00 price objective on shares of CAI International in a report on Thursday, October 19th. William Blair reaffirmed an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. CAI International currently has an average rating of “Buy” and a consensus target price of $35.80.
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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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