CAI International Inc (CAI) Receives Consensus Rating of “Buy” from Brokerages

Shares of CAI International Inc (NYSE:CAI) have received an average rating of “Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $36.00.

Several equities analysts have commented on the company. Cowen reiterated a “hold” rating and set a $34.00 price target on shares of CAI International in a report on Thursday, October 19th. ValuEngine upgraded CAI International from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. SunTrust Banks reiterated a “buy” rating and set a $40.00 price target on shares of CAI International in a report 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 report on Friday, October 20th. Finally, Zacks Investment Research downgraded CAI International from a “buy” rating to a “hold” rating in a report on Thursday, January 25th.

Shares of CAI International (NYSE:CAI) traded up $0.51 during mid-day trading on Tuesday, reaching $24.24. The company’s stock had a trading volume of 325,283 shares, compared to its average volume of 276,199. CAI International has a one year low of $13.57 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 $447.60, a P/E ratio of 13.03, a PEG ratio of 0.78 and a beta of 2.11.

In other news, Director David G. Remington sold 11,600 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $32.63, for a total value of $378,508.00. Following the sale, the director now owns 4,581 shares in the company, valued at $149,478.03. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David G. Remington sold 4,040 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $32.68, for a total transaction of $132,027.20. Following the completion of the sale, the director now owns 4,581 shares in the company, valued at approximately $149,707.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,824 shares of company stock worth $847,218. 24.50% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of CAI International in the fourth quarter worth $165,000. Quotient Investors LLC acquired a new stake in shares of CAI International in the third quarter worth $224,000. C M Bidwell & Associates Ltd. grew its stake in shares of CAI International by 167.1% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 7,560 shares of the transportation company’s stock worth $214,000 after acquiring an additional 4,730 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of CAI International in the third quarter worth $276,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of CAI International in the second quarter worth $248,000. Institutional investors and hedge funds own 68.66% of the company’s stock.

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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.

Analyst Recommendations for CAI International (NYSE:CAI)

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