CAI International, Inc. (NYSE:CAI) Upgraded by TheStreet to “C”
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.
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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.
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