CAI International (NYSE:CAI) had its target price decreased by research analysts at Cowen from $46.00 to $40.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the transportation company’s stock. Cowen’s price objective indicates a potential upside of 50.09% from the stock’s current price.
A number of other brokerages have also weighed in on CAI. ValuEngine lowered shares of CAI International from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of CAI International from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. William Blair restated an “outperform” rating on shares of CAI International in a research report on Tuesday, February 6th. Wells Fargo & Co raised their target price on shares of CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Finally, SunTrust Banks restated a “buy” rating and issued a $40.00 target price on shares of CAI International in a research report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. CAI International presently has a consensus rating of “Buy” and an average price target of $35.00.
Shares of CAI International (NYSE CAI) opened at $26.65 on Thursday. CAI International has a 52-week low of $13.57 and a 52-week high of $40.11. 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 cap of $467.06, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 0.81 and a beta of 2.11.
In other news, Director David G. Remington sold 4,040 shares of CAI International stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $32.68, for a total transaction of $132,027.20. Following the transaction, the director now owns 4,581 shares in the company, valued at $149,707.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Timothy B. Page sold 10,184 shares of CAI International stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $33.06, for a total transaction of $336,683.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,824 shares of company stock worth $847,218. 24.50% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Millennium Management LLC lifted its holdings in CAI International by 243.6% in the fourth quarter. Millennium Management LLC now owns 457,148 shares of the transportation company’s stock valued at $12,946,000 after buying an additional 324,092 shares during the period. Two Sigma Investments LP lifted its holdings in CAI International by 22.8% in the fourth quarter. Two Sigma Investments LP now owns 225,371 shares of the transportation company’s stock valued at $6,383,000 after buying an additional 41,836 shares during the period. Two Sigma Advisers LP lifted its holdings in CAI International by 47.7% in the fourth quarter. Two Sigma Advisers LP now owns 222,747 shares of the transportation company’s stock valued at $6,308,000 after buying an additional 71,938 shares during the period. Deutsche Bank AG lifted its holdings in CAI International by 76.6% in the fourth quarter. Deutsche Bank AG now owns 135,414 shares of the transportation company’s stock valued at $3,833,000 after buying an additional 58,746 shares during the period. Finally, Jefferies Group LLC acquired a new position in CAI International in the fourth quarter valued at $494,000. Institutional investors own 68.66% of the company’s stock.
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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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