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.
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.
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.
ILLEGAL ACTIVITY NOTICE: This article was first published by WKRB News and is the sole property of of WKRB News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.wkrb13.com/2018/04/03/cai-international-cai-stock-rating-lowered-by-valuengine.html.
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.
Receive News & Ratings for CAI International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAI International and related companies with MarketBeat.com's FREE daily email newsletter.