CAI International Inc (CAI) Stock Rating Reaffirmed by SunTrust Banks, Inc.
SunTrust Banks, Inc. restated their buy rating on shares of CAI International Inc (NYSE:CAI) in a report released on Sunday, April 23rd. SunTrust Banks, Inc. currently has a $24.00 price target on the transportation company’s stock, up from their prior price target of $20.00.
CAI has been the subject of several other reports. Zacks Investment Research raised shares of CAI International from a strong sell rating to a hold rating in a research note on Tuesday, January 31st. Cowen and Company raised their price target on shares of CAI International from $16.00 to $19.00 and gave the stock a market perform rating in a research note on Friday, April 21st.
Shares of CAI International (NYSE:CAI) traded up 5.47% on Friday, reaching $19.87. 152,347 shares of the company’s stock traded hands. The company’s 50-day moving average is $18.31 and its 200-day moving average is $13.95. CAI International has a 52 week low of $6.75 and a 52 week high of $22.57. The firm has a market capitalization of $378.36 million, a P/E ratio of 94.17 and a beta of 2.17.
CAI International (NYSE:CAI) last announced its earnings results on Thursday, April 20th. The transportation company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.13 by $0.14. The firm had revenue of $81.50 million for the quarter, compared to the consensus estimate of $78.69 million. CAI International had a negative net margin of 2.50% and a positive return on equity of 6.00%. The business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. Equities research analysts anticipate that CAI International will post $1.70 earnings per share for the current fiscal year.
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Several institutional investors have recently modified their holdings of CAI. Pacific Ridge Capital Partners LLC boosted its position in shares of CAI International by 13.2% in the third quarter. Pacific Ridge Capital Partners LLC now owns 364,168 shares of the transportation company’s stock valued at $3,012,000 after buying an additional 42,458 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CAI International by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,576 shares of the transportation company’s stock valued at $10,235,000 after buying an additional 29,015 shares in the last quarter. Cutler Group LP boosted its position in shares of CAI International by 264.2% in the first quarter. Cutler Group LP now owns 12,999 shares of the transportation company’s stock valued at $204,000 after buying an additional 9,430 shares in the last quarter. State Street Corp boosted its position in shares of CAI International by 2.6% in the fourth quarter. State Street Corp now owns 274,642 shares of the transportation company’s stock valued at $2,381,000 after buying an additional 6,892 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of CAI International by 2,800.8% in the third quarter. UBS Group AG now owns 601,400 shares of the transportation company’s stock valued at $4,974,000 after buying an additional 580,668 shares in the last quarter. 62.27% of the stock is owned by institutional investors.
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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