CAI International (CAI) Receiving Somewhat Favorable Press Coverage, Study Shows
News articles about CAI International (NYSE:CAI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CAI International earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the transportation company an impact score of 45.1687268595332 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Gary Sawka Sells 3,000 Shares of CAI International, Inc. (CAI) Stock (americanbankingnews.com)
- CAI International, Inc. (CAI) Director Gary Sawka Sells 3,365 Shares (americanbankingnews.com)
- Top Ranked Momentum Stocks to Buy for November 1st (zacks.com)
- Explosive Returns with the Filtered Zacks Rank 5 Strategy (finance.yahoo.com)
A number of research analysts have recently weighed in on CAI shares. ValuEngine upgraded CAI International from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Cowen and Company restated a “hold” rating and issued a $28.00 price target on shares of CAI International in a research report on Wednesday, October 4th. Zacks Investment Research upgraded CAI International from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Thursday, October 19th. William Blair restated an “outperform” rating on shares of CAI International in a research report on Friday, October 20th. Finally, Wells Fargo & Company raised their price target on CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. CAI International currently has an average rating of “Buy” and a consensus target price of $35.80.
CAI International (CAI) traded down $0.55 during trading on Friday, reaching $35.93. The company had a trading volume of 213,876 shares, compared to its average volume of 298,898. CAI International has a 1 year low of $7.05 and a 1 year high of $40.11. The stock has a market cap of $692.30, a PE ratio of 20.77, a PEG ratio of 1.70 and a beta of 2.32. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.91.
CAI International (NYSE:CAI) last announced its earnings results on Thursday, October 19th. The transportation company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.20. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The firm had revenue of $90.16 million during the quarter, compared to the consensus estimate of $89.43 million. During the same quarter in the prior year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. equities research analysts predict that CAI International will post 2.64 EPS for the current fiscal year.
In related news, Director Hiromitsu Ogawa sold 693,927 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $26.60, for a total transaction of $18,458,458.20. Following the completion of the sale, the director now owns 712,433 shares in the company, valued at approximately $18,950,717.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David G. Remington sold 11,724 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $37.50, for a total value of $439,650.00. Following the sale, the director now owns 13,041 shares of the company’s stock, valued at approximately $489,037.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 735,402 shares of company stock valued at $20,001,605. 24.50% of the stock is owned by corporate insiders.
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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