CAI International (CAI) Stock Rating Lowered by ValuEngine

CAI International (NYSE:CAI) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday.

CAI has been the subject of several other research reports. Zacks Investment Research raised CAI International from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, January 16th. Cowen decreased their target price on CAI International from $46.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Wells Fargo raised CAI International from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research report on Wednesday, February 14th. Finally, William Blair reissued an “outperform” rating on shares of CAI International in a research report on Tuesday, February 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CAI International currently has an average rating of “Buy” and an average target price of $33.20.

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CAI traded down $0.69 during midday trading on Monday, reaching $20.57. 259,847 shares of the company’s stock traded hands, compared to its average volume of 359,143. The firm has a market capitalization of $435.63, a price-to-earnings ratio of 7.17, a PEG ratio of 0.68 and a beta of 2.22. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.54 and a quick ratio of 0.54. CAI International has a 52 week low of $14.43 and a 52 week high of $40.11.

CAI International (NYSE:CAI) last released its quarterly earnings results on Wednesday, February 14th. The transportation company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.17. The business had revenue of $94.03 million during the quarter, compared to analyst estimates of $95.66 million. CAI International had a return on equity of 11.21% and a net margin of 20.68%. CAI International’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.09) EPS. sell-side analysts expect that CAI International will post 3.89 EPS for the current fiscal year.

In other news, major shareholder Ogawa Family Trust sold 1,250,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $21.58, for a total value of $26,975,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 24.50% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of CAI International in the 4th quarter worth approximately $165,000. C M Bidwell & Associates Ltd. grew 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 worth $214,000 after buying an additional 4,730 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of CAI International in the 4th quarter worth approximately $230,000. Cubist Systematic Strategies LLC purchased a new stake in shares of CAI International in the 3rd quarter worth approximately $276,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of CAI International in the 4th quarter worth approximately $330,000. 74.52% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for CAI International (NYSE:CAI)

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