CAI International (CAI) Downgraded to “Market Perform” at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods lowered shares of CAI International (NYSE:CAI) from an outperform rating to a market perform rating in a research report sent to investors on Thursday, MarketBeat Ratings reports. They currently have $29.00 price target on the transportation company’s stock, down from their prior price target of $34.00.

Several other analysts have also recently weighed in on CAI. Zacks Investment Research raised CAI International from a strong sell rating to a hold rating and set a $28.00 price target for the company in a report on Friday, November 2nd. Wells Fargo & Co set a $24.00 price target on CAI International and gave the stock a hold rating in a report on Wednesday, October 31st. ValuEngine raised CAI International from a strong sell rating to a sell rating in a report on Thursday, November 1st. Finally, Cowen dropped their price target on CAI International from $40.00 to $30.00 and set an outperform rating for the company in a report on Wednesday, October 31st. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $29.40.

NYSE:CAI opened at $22.04 on Thursday. The company has a market cap of $512.97 million, a P/E ratio of 6.05, a PEG ratio of 0.78 and a beta of 1.85. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 3.00. CAI International has a 1-year low of $19.35 and a 1-year high of $27.43.

CAI International (NYSE:CAI) last released its quarterly earnings results on Wednesday, February 20th. The transportation company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.17). The firm had revenue of $115.60 million for the quarter, compared to analyst estimates of $121.21 million. CAI International had a return on equity of 12.65% and a net margin of 17.78%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. As a group, equities research analysts forecast that CAI International will post 4.23 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc raised its holdings in CAI International by 32.3% in the 4th quarter. Legal & General Group Plc now owns 3,223 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 786 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in CAI International by 384.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,465 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 4,337 shares in the last quarter. Citigroup Inc. raised its holdings in CAI International by 17.9% in the 4th quarter. Citigroup Inc. now owns 6,234 shares of the transportation company’s stock valued at $145,000 after acquiring an additional 947 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in CAI International in the 4th quarter valued at $241,000. Finally, Monarch Partners Asset Management LLC acquired a new position in CAI International in the 3rd quarter valued at $282,000. 84.83% of the stock is owned by hedge funds and other institutional investors.

CAI International Company Profile

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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Analyst Recommendations for CAI International (NYSE:CAI)

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