CAI International (CAI) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of CAI International (NYSE:CAI) from a sell rating to a hold rating in a research note issued to investors on Wednesday, ValuEngine reports.

CAI has been the topic of a number of other reports. Zacks Investment Research downgraded shares of CAI International from a hold rating to a sell rating in a research report on Tuesday, March 19th. Keefe, Bruyette & Woods cut shares of CAI International from an outperform rating to a market perform rating and reduced their target price for the company from $34.00 to $29.00 in a research note on Thursday, February 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $28.00.

CAI traded up $0.37 on Wednesday, reaching $24.24. 356 shares of the company traded hands, compared to its average volume of 187,847. CAI International has a 52-week low of $19.58 and a 52-week high of $27.43. The company has a market capitalization of $420.28 million, a PE ratio of 6.43 and a beta of 1.74. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.54 and a current ratio of 0.54.

CAI International (NYSE:CAI) last announced its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.06). CAI International had a net margin of 17.48% and a return on equity of 13.01%. The company had revenue of $111.10 million for the quarter, compared to analysts’ expectations of $115.96 million. During the same period in the previous year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities analysts forecast that CAI International will post 3.78 earnings per share for the current fiscal year.

In other CAI International news, insider Victor Garcia bought 10,608 shares of CAI International stock in a transaction on Wednesday, February 27th. The stock was purchased at an average cost of $22.24 per share, for a total transaction of $235,921.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Sawka sold 10,000 shares of CAI International stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $23.23, for a total transaction of $232,300.00. Following the completion of the sale, the director now owns 16,757 shares of the company’s stock, valued at $389,265.11. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAI. Morgan Stanley lifted its stake in shares of CAI International by 134.0% in the third quarter. Morgan Stanley now owns 424,668 shares of the transportation company’s stock worth $9,710,000 after buying an additional 243,206 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC raised its stake in CAI International by 33.3% during the 4th quarter. Philadelphia Financial Management of San Francisco LLC now owns 747,407 shares of the transportation company’s stock valued at $17,362,000 after purchasing an additional 186,534 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new position in CAI International during the 1st quarter valued at $3,918,000. Assenagon Asset Management S.A. acquired a new position in CAI International during the 4th quarter valued at $3,719,000. Finally, Metropolitan Life Insurance Co NY raised its stake in CAI International by 2,693.8% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 152,680 shares of the transportation company’s stock valued at $12,857,000 after purchasing an additional 147,215 shares during the last quarter. Hedge funds and other institutional investors own 89.62% of the company’s stock.

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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