CAI International Inc (CAI) Receives Average Recommendation of “Buy” from Analysts

Shares of CAI International Inc (NYSE:CAI) have earned an average rating of “Buy” from the eight research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $35.60.

A number of research analysts have recently weighed in on the company. Cowen raised CAI International from a “market perform” rating to an “outperform” rating and increased their price target for the company from $34.00 to $46.00 in a research note on Monday, October 23rd. ValuEngine downgraded CAI International from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. William Blair reissued an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Wells Fargo & Co increased their price target on CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Finally, SunTrust Banks reissued a “buy” rating and issued a $40.00 price target on shares of CAI International in a research note on Friday, October 20th.

CAI International (NYSE:CAI) traded up $0.65 during mid-day trading on Friday, hitting $29.98. The stock had a trading volume of 272,625 shares, compared to its average volume of 271,458. 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 cap of $577.66, a P/E ratio of 16.21, a P/E/G ratio of 1.01 and a beta of 2.26. CAI International has a one year low of $12.80 and a one year high of $40.11.

CAI International (NYSE:CAI) last posted its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share for the quarter, beating the Zacks’ 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%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. analysts predict that CAI International will post 2.62 EPS for the current year.

In related news, Director Gary Sawka sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was 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 of the company’s stock, valued at approximately $19,746.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David G. Remington sold 11,600 shares of the firm’s 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 sale, 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 ninety days. 24.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of CAI. Bank of New York Mellon Corp raised its stake in CAI International by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 60,656 shares of the transportation company’s stock worth $1,432,000 after buying an additional 3,232 shares during the period. Wells Fargo & Company MN raised its stake in CAI International by 105.5% during the 2nd quarter. Wells Fargo & Company MN now owns 106,614 shares of the transportation company’s stock worth $2,516,000 after buying an additional 54,734 shares during the period. Alliancebernstein L.P. acquired a new stake in CAI International during the 2nd quarter worth $248,000. TIAA CREF Investment Management LLC raised its stake in CAI International by 80.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 141,547 shares of the transportation company’s stock worth $3,341,000 after buying an additional 62,988 shares during the period. Finally, Nationwide Fund Advisors raised its stake in CAI International by 23.0% during the 2nd quarter. Nationwide Fund Advisors now owns 17,088 shares of the transportation company’s stock worth $403,000 after buying an additional 3,200 shares during the period. 69.10% 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.

Analyst Recommendations for CAI International (NYSE:CAI)

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