ValuEngine downgraded shares of CAI International (NYSE:CAI) from a sell rating to a strong sell rating in a report issued on Friday.
Several other research firms have also recently issued reports on CAI. Zacks Investment Research raised shares of CAI International from a hold rating to a buy rating and set a $26.00 price objective for the company in a research report on Monday, July 2nd. Keefe, Bruyette & Woods raised shares of CAI International from a market perform rating to an outperform rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $35.60.
NYSE:CAI traded up $1.84 during mid-day trading on Friday, hitting $26.54. 157,700 shares of the stock traded hands, compared to its average volume of 128,655. The company has a market capitalization of $476.87 million, a price-to-earnings ratio of 9.25, a PEG ratio of 0.83 and a beta of 2.54. CAI International has a 52 week low of $19.35 and a 52 week high of $40.11. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.93.
CAI International (NYSE:CAI) last issued its quarterly earnings results on Tuesday, July 31st. The transportation company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.01). The firm had revenue of $105.71 million for the quarter, compared to the consensus estimate of $100.70 million. CAI International had a net margin of 23.77% and a return on equity of 13.16%. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. equities analysts forecast that CAI International will post 3.72 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Globeflex Capital L P boosted its position in CAI International by 5.3% in the 2nd quarter. Globeflex Capital L P now owns 46,410 shares of the transportation company’s stock valued at $1,079,000 after buying an additional 2,317 shares during the period. Rhumbline Advisers boosted its position in CAI International by 13.0% in the 2nd quarter. Rhumbline Advisers now owns 23,756 shares of the transportation company’s stock valued at $552,000 after buying an additional 2,728 shares during the period. Royal Bank of Canada lifted its position in shares of CAI International by 10.4% in the 1st quarter. Royal Bank of Canada now owns 30,369 shares of the transportation company’s stock worth $645,000 after purchasing an additional 2,855 shares during the period. LSV Asset Management lifted its position in shares of CAI International by 3.7% in the 2nd quarter. LSV Asset Management now owns 128,222 shares of the transportation company’s stock worth $2,979,000 after purchasing an additional 4,600 shares during the period. Finally, Northern Trust Corp lifted its position in shares of CAI International by 2.6% in the 1st quarter. Northern Trust Corp now owns 191,128 shares of the transportation company’s stock worth $4,063,000 after purchasing an additional 4,842 shares during the period. 88.49% of the stock is owned by institutional investors.
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.
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