CAI International, Inc. (CAI) Lifted to “Buy” at ValuEngine
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.
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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