CAI International, Inc. (NYSE:CAI) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other brokerages have also issued reports on CAI. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 target price on shares of CAI International in a research note on Friday, July 14th. TheStreet upgraded shares of CAI International from a “d+” rating to a “c” rating in a research report on Wednesday, July 26th. Finally, Cowen and Company reiterated a “hold” rating and issued a $28.00 price target on shares of CAI International in a research report on Friday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CAI International presently has a consensus rating of “Buy” and an average price target of $24.75.

CAI International (NYSE:CAI) traded down 0.06% during mid-day trading on Friday, hitting $30.97. 235,005 shares of the company were exchanged. CAI International has a 12-month low of $6.75 and a 12-month high of $31.61. The company has a 50 day moving average of $27.61 and a 200 day moving average of $20.98. The stock has a market cap of $593.69 million, a P/E ratio of 45.21 and a beta of 2.21.

CAI International (NYSE:CAI) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. The company had revenue of $82.69 million for the quarter, compared to analyst estimates of $85.18 million. CAI International had a net margin of 4.14% and a return on equity of 4.13%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. On average, equities research analysts expect that CAI International will post $2.33 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the stock. American International Group Inc. increased its stake in shares of CAI International by 7.1% in the first quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock worth $152,000 after buying an additional 637 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of CAI International by 4.0% in the first quarter. Citadel Advisors LLC now owns 10,898 shares of the transportation company’s stock worth $172,000 after buying an additional 421 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in shares of CAI International during the first quarter worth $184,000. State Board of Administration of Florida Retirement System increased its stake in shares of CAI International by 18.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,425 shares of the transportation company’s stock worth $211,000 after buying an additional 2,130 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of CAI International by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 26,438 shares of the transportation company’s stock worth $229,000 after buying an additional 520 shares in the last quarter. Institutional investors and hedge funds own 58.10% of the company’s stock.

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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