Shares of CAI International, Inc. (NYSE:CAI) have received a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $35.25.
A number of research analysts have recently weighed in on the company. ValuEngine downgraded CAI International from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded CAI International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. William Blair reaffirmed an “outperform” rating on shares of CAI International in a research note on Tuesday, February 6th. Wells Fargo raised CAI International from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research note on Wednesday, February 14th. Finally, Cowen dropped their price objective on CAI International from $46.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th.
In related news, major shareholder Ogawa Family Trust sold 1,250,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $21.58, for a total transaction of $26,975,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 24.50% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CAI. Acadian Asset Management LLC acquired a new stake in shares of CAI International in the 4th quarter valued at about $165,000. C M Bidwell & Associates Ltd. raised its stake in shares of CAI International by 167.1% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 7,560 shares of the transportation company’s stock valued at $214,000 after purchasing an additional 4,730 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of CAI International in the 4th quarter valued at about $230,000. Cubist Systematic Strategies LLC acquired a new stake in shares of CAI International in the 3rd quarter valued at about $276,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of CAI International in the 4th quarter valued at about $330,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.
CAI stock opened at $20.64 on Wednesday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $422.93, a PE ratio of 7.19, a P/E/G ratio of 0.66 and a beta of 2.22. CAI International has a twelve month low of $14.43 and a twelve month high of $40.11.
CAI International (NYSE:CAI) last posted its quarterly earnings results on Wednesday, February 14th. The transportation company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.17. The company had revenue of $94.03 million for the quarter, compared to the consensus estimate of $95.66 million. CAI International had a return on equity of 11.21% and a net margin of 20.68%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.09) EPS. analysts expect that CAI International will post 3.89 earnings per share for the current fiscal year.
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About CAI International
CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.
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