CAI International’s (CAI) “Outperform” Rating Reaffirmed at William Blair
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.
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.
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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