TheStreet upgraded shares of CAI International, Inc. (NYSE:CAI) from a d+ rating to a c rating in a research note released on Wednesday.

CAI has been the subject of a number of other research reports. Cowen and Company increased their target price on CAI International from $23.00 to $28.00 and gave the stock a market perform rating in a report on Thursday. Zacks Investment Research upgraded CAI International from a hold rating to a strong-buy rating and set a $21.00 target price for the company in a report on Monday, April 24th. Keefe, Bruyette & Woods reiterated a hold rating and set a $26.00 target price on shares of CAI International in a report on Friday, July 14th. Finally, SunTrust Banks, Inc. reiterated a buy rating and set a $24.00 target price (up previously from $20.00) on shares of CAI International in a report on Sunday, April 23rd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $24.75.

CAI International (NYSE:CAI) opened at 27.03 on Wednesday. The stock has a market cap of $517.11 million, a P/E ratio of 39.46 and a beta of 2.20. The stock’s 50 day moving average price is $23.90 and its 200-day moving average price is $18.51. CAI International has a one year low of $6.75 and a one year high of $29.11.

CAI International (NYSE:CAI) last released its quarterly earnings data 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 business had revenue of $82.69 million during the quarter, compared to analysts’ expectations of $85.18 million. During the same quarter in the prior year, the company earned $0.19 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts predict that CAI International will post $2.33 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/cai-international-inc-nysecai-upgraded-by-thestreet-to-c/1462207.html.

Several institutional investors have recently bought and sold shares of CAI. Royce & Associates LP acquired a new position in CAI International during the first quarter worth approximately $4,032,000. Ameriprise Financial Inc. increased its position in CAI International by 291.4% in the first quarter. Ameriprise Financial Inc. now owns 278,902 shares of the transportation company’s stock worth $4,389,000 after buying an additional 207,639 shares in the last quarter. Dimensional Fund Advisors LP increased its position in CAI International by 9.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,295,357 shares of the transportation company’s stock worth $20,389,000 after buying an additional 114,781 shares in the last quarter. EAM Investors LLC acquired a new position in CAI International during the first quarter worth approximately $1,284,000. Finally, Pacific Ridge Capital Partners LLC increased its position in CAI International by 22.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 433,203 shares of the transportation company’s stock worth $6,819,000 after buying an additional 78,295 shares in the last quarter. Institutional investors own 58.46% 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.

Receive News & Ratings for CAI International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAI International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.