CAI International (CAI) Rating Lowered to Buy at ValuEngine

ValuEngine lowered shares of CAI International (NYSE:CAI) from a strong-buy rating to a buy rating in a report released on Friday.

Several other equities research analysts have also recently weighed in on the company. SunTrust Banks reissued a buy rating and set a $40.00 price objective on shares of CAI International in a research note on Friday, October 20th. Wells Fargo & Company boosted their price objective on CAI International from $26.00 to $32.00 and gave the stock a market perform rating in a research note on Friday, October 20th. Zacks Investment Research raised CAI International from a hold rating to a buy rating and set a $35.00 price objective on the stock in a research note on Thursday, October 19th. Cowen reissued a hold rating and set a $34.00 price objective on shares of CAI International in a research note on Thursday, October 19th. Finally, William Blair reissued an outperform rating on shares of CAI International in a research note on Friday, October 20th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $35.80.

Shares of CAI International (CAI) opened at $32.35 on Friday. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.39 and a current ratio of 0.39. CAI International has a 52 week low of $8.41 and a 52 week high of $40.11. The firm has a market capitalization of $631.61, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 1.55 and a beta of 2.25.

CAI International (NYSE:CAI) last issued its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.20. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The company had revenue of $90.16 million for the quarter, compared to analysts’ expectations of $89.43 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. equities analysts predict that CAI International will post 2.64 EPS for the current fiscal year.

In other news, Director David G. Remington sold 11,724 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $37.50, for a total transaction of $439,650.00. Following the transaction, the director now owns 13,041 shares of the company’s stock, valued at $489,037.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Timothy B. Page sold 11,405 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $35.93, for a total value of $409,781.65. Following the transaction, the chief financial officer now directly owns 10,184 shares in the company, valued at approximately $365,911.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 791,214 shares of company stock worth $22,015,109. Insiders own 24.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC grew its stake in CAI International by 3.2% in the second quarter. Citadel Advisors LLC now owns 11,245 shares of the transportation company’s stock worth $265,000 after purchasing an additional 347 shares in the last quarter. American International Group Inc. grew its stake in CAI International by 7.1% in the first quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock worth $152,000 after purchasing an additional 637 shares in the last quarter. California Public Employees Retirement System grew its stake in CAI International by 2.2% in the third quarter. California Public Employees Retirement System now owns 119,251 shares of the transportation company’s stock worth $3,616,000 after purchasing an additional 2,551 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in CAI International by 41.1% in the second quarter. Brandywine Global Investment Management LLC now owns 10,204 shares of the transportation company’s stock worth $241,000 after purchasing an additional 2,974 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in CAI International by 5.1% in the third quarter. Bank of New York Mellon Corp now owns 63,750 shares of the transportation company’s stock worth $1,933,000 after purchasing an additional 3,094 shares in the last quarter. 69.10% of the stock is currently owned by hedge funds and other institutional investors.

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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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Analyst Recommendations for CAI International (NYSE:CAI)

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