CAI International (NYSE:CAI) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.
Several other analysts have also commented on CAI. Zacks Investment Research lowered shares of CAI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. William Blair reissued an “outperform” rating on shares of CAI International in a research report on Friday, October 20th. Cowen raised shares of CAI International from a “market perform” rating to an “outperform” rating and increased their price target for the company from $34.00 to $46.00 in a research report on Monday, October 23rd. Wells Fargo & Company upped their price objective on shares of CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, October 20th. Finally, SunTrust Banks restated a “buy” rating and set a $40.00 price objective on shares of CAI International in a report on Friday, October 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.80.
CAI International (NYSE:CAI) traded down $1.47 during mid-day trading on Friday, hitting $32.78. 275,264 shares of the company’s stock traded hands, compared to its average volume of 233,537. The stock has a market capitalization of $631.60, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.55 and a beta of 2.26. CAI International has a 1-year low of $8.41 and a 1-year high of $40.11. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.91.
CAI International (NYSE:CAI) last released its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.20. The business had revenue of $90.16 million during the quarter, compared to analyst estimates of $89.43 million. CAI International had a net margin of 10.93% and a return on equity of 7.11%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. sell-side analysts expect that CAI International will post 2.64 EPS for the current year.
In other news, Director David G. Remington sold 11,724 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were 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 in the company, valued at $489,037.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Camille Cutino sold 23,386 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $37.18, for a total transaction of $869,491.48. Following the transaction, the vice president now owns 71,640 shares in the company, valued at approximately $2,663,575.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 791,214 shares of company stock worth $22,015,109. Corporate insiders own 24.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of CAI International by 15.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,627,880 shares of the transportation company’s stock valued at $49,358,000 after acquiring an additional 220,782 shares in the last quarter. Vanguard Group Inc. increased its holdings in CAI International by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 680,462 shares of the transportation company’s stock worth $16,059,000 after buying an additional 25,180 shares during the period. ClariVest Asset Management LLC increased its holdings in CAI International by 2,235.5% in the 3rd quarter. ClariVest Asset Management LLC now owns 414,551 shares of the transportation company’s stock worth $12,568,000 after buying an additional 396,801 shares during the period. JPMorgan Chase & Co. acquired a new position in CAI International in the 3rd quarter worth approximately $11,979,000. Finally, Royce & Associates LP increased its holdings in CAI International by 1.5% in the 3rd quarter. Royce & Associates LP now owns 330,162 shares of the transportation company’s stock worth $10,011,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 69.22% of the company’s stock.
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About CAI International
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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