William Blair reiterated their outperform rating on shares of CAI International (NYSE:CAI) in a research report released on Tuesday morning. William Blair also issued estimates for CAI International’s FY2020 earnings at $4.84 EPS.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded CAI International from a hold rating to a buy rating and set a $34.00 price objective for the company in a report on Tuesday, January 16th. ValuEngine lowered CAI International from a strong-buy rating to a buy rating in a report on Friday, December 1st. SunTrust Banks restated a buy rating and issued a $40.00 price objective on shares of CAI International in a report on Friday, October 20th. Cowen restated a hold rating and issued a $34.00 price objective on shares of CAI International in a report on Thursday, October 19th. Finally, Wells Fargo & Co upped their price objective on CAI International from $26.00 to $32.00 and gave the company a market perform rating in a report on Friday, October 20th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. CAI International presently has a consensus rating of Buy and a consensus price target of $35.60.

Shares of CAI International (NYSE CAI) opened at $23.70 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 2.91. The firm has a market capitalization of $472.45, a price-to-earnings ratio of 12.74, a PEG ratio of 0.82 and a beta of 2.11. CAI International has a twelve month low of $13.57 and a twelve month high of $40.11.

In other news, Director David G. Remington sold 11,600 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $32.63, for a total transaction of $378,508.00. Following the sale, the director now directly owns 4,581 shares of the company’s stock, valued at $149,478.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Timothy B. Page sold 10,184 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $33.06, for a total value of $336,683.04. The disclosure for this sale can be found here. Insiders have sold 25,824 shares of company stock worth $847,218 over the last ninety days. 24.50% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of CAI International by 15.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,627,880 shares of the transportation company’s stock worth $49,358,000 after purchasing an additional 220,782 shares during the period. Vanguard Group Inc. raised its position in shares of CAI International by 3.8% during the second quarter. Vanguard Group Inc. now owns 680,462 shares of the transportation company’s stock worth $16,059,000 after purchasing an additional 25,180 shares during the period. ClariVest Asset Management LLC raised its position in shares of CAI International by 2,235.5% during the third quarter. ClariVest Asset Management LLC now owns 414,551 shares of the transportation company’s stock worth $12,568,000 after purchasing an additional 396,801 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of CAI International during the third quarter worth $11,979,000. Finally, Royce & Associates LP raised its position in shares of CAI International by 1.5% during the third quarter. Royce & Associates LP now owns 330,162 shares of the transportation company’s stock worth $10,011,000 after purchasing an additional 5,000 shares during the period. 68.93% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for CAI International (NYSE:CAI)

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