CAI International, Inc. (NYSE:CAI) had its price target raised by Cowen and Company from $23.00 to $28.00 in a report released on Thursday, Marketbeat Ratings reports. Cowen and Company currently has a market perform rating on the transportation company’s stock.

Other research analysts have also recently issued research reports about the stock. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $24.00 target price (up previously from $20.00) on shares of CAI International in a research report on Sunday, April 23rd. Zacks Investment Research cut shares of CAI International from a strong-buy rating to a hold rating in a research report on Tuesday, April 18th. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $26.00 price target on shares of CAI International in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. CAI International presently has a consensus rating of Buy and an average target price of $24.75.

CAI International (NYSE CAI) opened at 27.03 on Thursday. The firm’s 50-day moving average is $23.90 and its 200-day moving average is $18.51. CAI International has a 52-week low of $6.75 and a 52-week high of $29.11. The stock has a market cap of $517.11 million, a P/E ratio of 39.46 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. CAI International had a net margin of 4.14% and a return on equity of 4.17%. The company had revenue of $82.69 million for the quarter, compared to analysts’ expectations of $85.18 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. CAI International’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities research analysts predict that CAI International will post $2.33 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the company. Citadel Advisors LLC boosted 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 valued at $172,000 after buying an additional 421 shares in the last quarter. Teachers Advisors LLC boosted 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 valued at $229,000 after buying an additional 520 shares in the last quarter. American International Group Inc. boosted 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 valued at $152,000 after buying an additional 637 shares in the last quarter. State Board of Administration of Florida Retirement System boosted 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 valued at $211,000 after buying an additional 2,130 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of CAI International by 1.0% in the first quarter. Prudential Financial Inc. now owns 271,446 shares of the transportation company’s stock valued at $4,273,000 after buying an additional 2,600 shares in the last quarter. 58.44% of the stock is currently owned by institutional investors and hedge funds.

CAI International Company Profile

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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