Somewhat Favorable Media Coverage Somewhat Unlikely to Impact CAI International (CAI) Share Price
Headlines about CAI International (NYSE:CAI) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CAI International earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 45.2894186773658 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- William Blair Reaffirms “Outperform” Rating for CAI International (CAI) (americanbankingnews.com)
- CAI International (CAI) Scheduled to Post Quarterly Earnings on Monday (americanbankingnews.com)
- CAI International Inc (CAI) Expected to Post Quarterly Sales of $96.68 Million (americanbankingnews.com)
- Zacks: Analysts Expect CAI International Inc (CAI) to Post $0.86 EPS (americanbankingnews.com)
Several analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of CAI International in a report on Tuesday. ValuEngine upgraded CAI International from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research cut CAI International from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Cowen upgraded CAI International from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $34.00 to $46.00 in a research report on Monday, October 23rd. Finally, Wells Fargo & Co boosted their price target on CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.60.
In related news, insider Victor Garcia sold 41,407 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $36.10, for a total value of $1,494,792.70. Following the transaction, the insider now owns 68,307 shares in the company, valued at approximately $2,465,882.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Timothy B. Page sold 11,405 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $35.93, for a total value of $409,781.65. Following the completion of the transaction, the chief financial officer now owns 10,184 shares in the company, valued at approximately $365,911.12. The disclosure for this sale can be found here. Insiders sold a total of 78,636 shares of company stock worth $2,751,793 in the last 90 days. 24.50% of the stock is currently owned by insiders.
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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