Cowen and Company reiterated their hold rating on shares of CAI International, Inc. (NYSE:CAI) in a research report released on Wednesday, October 4th. They currently have a $28.00 target price on the transportation company’s stock.
Several other equities analysts have also issued reports on CAI. Keefe, Bruyette & Woods reissued a hold rating and set a $26.00 target price on shares of CAI International in a research note on Friday, July 14th. TheStreet raised CAI International from a d+ rating to a c rating in a research note on Wednesday, July 26th. ValuEngine raised CAI International from a hold rating to a buy rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered CAI International from a strong-buy rating to a hold rating in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $26.00.
Shares of CAI International (CAI) opened at 30.57 on Wednesday. The company has a 50 day moving average price of $29.91 and a 200 day moving average price of $24.13. CAI International has a 12-month low of $6.75 and a 12-month high of $31.61. The company has a market capitalization of $586.03 million, a P/E ratio of 44.63 and a beta of 2.19.
CAI International (NYSE:CAI) last posted its earnings results on Wednesday, July 26th. The transportation company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.09. CAI International had a return on equity of 4.13% and a net margin of 4.14%. The firm had revenue of $82.69 million for the quarter, compared to analyst estimates of $85.18 million. During the same quarter in the prior year, the company earned $0.19 EPS. CAI International’s revenue was up 15.4% on a year-over-year basis. Equities analysts anticipate that CAI International will post $2.32 EPS for the current year.
In other CAI International news, Director Hiromitsu Ogawa sold 693,927 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $26.60, for a total value of $18,458,458.20. Following the sale, the director now owns 712,433 shares of the company’s stock, valued at approximately $18,950,717.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 24.50% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of CAI. American International Group Inc. raised its position in CAI International by 7.1% in the 1st quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 637 shares in the last quarter. Citadel Advisors LLC raised its position in CAI International by 4.0% in the 1st quarter. Citadel Advisors LLC now owns 10,898 shares of the transportation company’s stock valued at $172,000 after purchasing an additional 421 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in CAI International in the 1st quarter valued at about $184,000. State Board of Administration of Florida Retirement System raised its position in CAI International by 18.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,425 shares of the transportation company’s stock valued at $211,000 after purchasing an additional 2,130 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in CAI International by 2.0% in the 4th quarter. Teachers Advisors LLC now owns 26,438 shares of the transportation company’s stock valued at $229,000 after purchasing an additional 520 shares in the last quarter. 58.10% of the stock is currently owned by institutional investors.
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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