CAI International (NYSE:CAI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage currently has a $34.00 target price on the transportation company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 15.57% from the stock’s previous close.

According to Zacks, “CAI INTERNATIONAL, INC. is one of the world’s leading intermodal freight container leasing and management companies. Intermodal freight containers are large, standardized steel boxes, which CAI leases primarily to international steamship companies, and are used to transport cargo by a number of means, including ship, truck and rail. A portion of the container fleet is owned by CAI with the balance being owned by third parties on whose behalf CAI manages the containers. Accordingly, CAI operates its business through two segments: container leasing and container fleet management. Through its international network of offices and agents CAI also has developed an active after-market program for containers retired from the international shipping fleet. “

Several other equities analysts also recently commented on the company. SunTrust Banks reaffirmed a “buy” rating and issued a $40.00 price objective on shares of CAI International in a research report on Friday, October 20th. ValuEngine downgraded CAI International from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Wells Fargo & Co increased their price target on CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Cowen reissued a “hold” rating and set a $34.00 price target on shares of CAI International in a research report on Thursday, October 19th. Finally, William Blair reissued an “outperform” rating on shares of CAI International in a research report on Friday, October 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $35.60.

Shares of CAI International (NYSE CAI) traded down $0.92 during trading on Tuesday, reaching $29.42. The company’s stock had a trading volume of 300,555 shares, compared to its average volume of 214,810. The company has a market cap of $584.59, a P/E ratio of 15.90, a PEG ratio of 1.02 and a beta of 2.26. 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 has a 12 month low of $11.70 and a 12 month high of $40.11.

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

In other news, insider Victor Garcia sold 41,407 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $36.10, for a total transaction of $1,494,792.70. Following the transaction, the insider now owns 68,307 shares of the company’s stock, valued at approximately $2,465,882.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David G. Remington sold 11,600 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $32.63, for a total value of $378,508.00. Following the transaction, the director now directly owns 4,581 shares in the company, valued at approximately $149,478.03. The disclosure for this sale can be found here. Insiders have sold a total of 123,111 shares of company stock worth $4,403,869 in the last three months. Corporate insiders own 24.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CAI. Quotient Investors LLC bought a new stake in CAI International during the third quarter valued at about $224,000. Cubist Systematic Strategies LLC bought a new stake in CAI International during the third quarter valued at about $276,000. Brandywine Global Investment Management LLC boosted its position 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 valued at $241,000 after purchasing an additional 2,974 shares in the last quarter. Alliancebernstein L.P. bought a new stake in CAI International during the second quarter valued at about $248,000. Finally, Voya Investment Management LLC bought a new stake in CAI International during the second quarter valued at about $253,000. 69.10% of the stock is currently owned by institutional investors and hedge funds.

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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.

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