CAI International, Inc. (CAI) Given Hold Rating at Cowen and Company
Cowen and Company restated their hold rating on shares of CAI International, Inc. (NYSE:CAI) in a research note released on Wednesday morning. The firm currently has a $28.00 price objective on the transportation company’s stock.
A number of other equities analysts have also recently issued reports on the company. ValuEngine upgraded CAI International from a hold rating to a buy rating in a report on Friday, September 1st. Zacks Investment Research downgraded CAI International from a strong-buy rating to a hold rating in a research note on Tuesday. TheStreet upgraded CAI International from a d+ rating to a c rating in a research note on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $26.00 target price on shares of CAI International in a research note on Friday, July 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $26.00.
CAI International (CAI) traded up 0.73% during midday trading on Wednesday, hitting $30.22. The stock had a trading volume of 99,413 shares. The firm has a market cap of $579.32 million, a PE ratio of 44.12 and a beta of 2.19. CAI International has a one year low of $6.75 and a one year high of $31.61. The stock has a 50-day moving average price of $29.40 and a 200 day moving average price of $23.26.
CAI International (NYSE:CAI) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.09. CAI International had a return on equity of 4.13% and a net margin of 4.14%. The company had revenue of $82.69 million for the quarter, compared to the consensus estimate of $85.18 million. During the same quarter in the previous year, the business earned $0.19 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, analysts predict that CAI International will post $2.32 earnings per share for the current year.
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In related news, Director Hiromitsu Ogawa sold 693,927 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $26.60, for a total transaction of $18,458,458.20. Following the sale, the director now directly owns 712,433 shares in the company, valued at approximately $18,950,717.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 24.50% of the company’s stock.
Large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its stake in shares of CAI International by 116.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 75,761 shares of the transportation company’s stock valued at $1,193,000 after purchasing an additional 40,717 shares during the period. Wells Fargo & Company MN increased its holdings in CAI International by 451.7% during the 1st quarter. Wells Fargo & Company MN now owns 51,880 shares of the transportation company’s stock worth $816,000 after purchasing an additional 42,476 shares in the last quarter. Royce & Associates LP increased its holdings in CAI International by 26.9% during the 2nd quarter. Royce & Associates LP now owns 325,162 shares of the transportation company’s stock worth $7,674,000 after purchasing an additional 69,000 shares in the last quarter. Chicago Equity Partners LLC bought a new position in CAI International during the 2nd quarter worth about $925,000. Finally, Prudential Financial Inc. increased its holdings in CAI International by 1.0% during the 1st quarter. Prudential Financial Inc. now owns 271,446 shares of the transportation company’s stock worth $4,273,000 after purchasing an additional 2,600 shares in the last quarter. 58.10% of the stock is currently owned by hedge funds and other 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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