CAI International (CAI) Price Target Lowered to $40.00 at Cowen

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.

CAI International (NYSE:CAI) last issued its earnings results on Wednesday, February 14th. The transportation company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.17. CAI International had a net margin of 10.93% and a return on equity of 7.11%. The firm had revenue of $94.03 million for the quarter, compared to analyst estimates of $95.66 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company’s quarterly revenue was up 21.7% on a year-over-year basis. equities research analysts expect that CAI International will post 2.62 EPS for the current fiscal year.

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.

Analyst Recommendations for CAI International (NYSE:CAI)

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