CAI International, Inc. (CAI) Receives Consensus Recommendation of “Buy” from Brokerages

CAI International, Inc. (NYSE:CAI) has received an average rating of “Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $35.80.

CAI has been the subject of a number of recent research reports. ValuEngine downgraded CAI International from a “strong-buy” rating to a “buy” rating in a research note on Friday. Cowen restated a “hold” rating and set a $28.00 price target on shares of CAI International in a research note on Wednesday, October 4th. Zacks Investment Research upgraded CAI International from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Thursday, October 19th. William Blair restated an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Finally, Wells Fargo & Company boosted their price target on CAI International from $26.00 to $32.00 and gave the company a “market perform” rating in a research note on Friday, October 20th.

CAI International (NYSE CAI) traded down $0.02 during trading on Thursday, hitting $32.33. The company’s stock had a trading volume of 168,977 shares, compared to its average volume of 192,264. The company has a market cap of $631.61, a P/E ratio of 18.95, a P/E/G ratio of 1.55 and a beta of 2.25. 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 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.20. The business had revenue of $90.16 million during the quarter, compared to the consensus estimate of $89.43 million. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS. equities research analysts forecast that CAI International will post 2.64 EPS for the current fiscal year.

In related news, insider Victor Garcia sold 41,407 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $36.10, for a total transaction of $1,494,792.70. Following the completion of the transaction, the insider now directly owns 68,307 shares in the company, valued at approximately $2,465,882.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Timothy B. Page sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $36.31, for a total value of $108,930.00. Following the transaction, the chief financial officer now owns 24,489 shares of the company’s stock, valued at $889,195.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 791,214 shares of company stock valued at $22,015,109. 24.50% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in CAI. American International Group Inc. grew its stake in shares of CAI International by 7.1% during the 1st quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock valued at $152,000 after acquiring an additional 637 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in shares of CAI International during the 1st quarter valued at approximately $184,000. Quotient Investors LLC bought a new position in shares of CAI International during the 3rd quarter valued at approximately $224,000. Brandywine Global Investment Management LLC grew its stake in shares of CAI International by 41.1% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 10,204 shares of the transportation company’s stock valued at $241,000 after acquiring an additional 2,974 shares during the period. Finally, Alliancebernstein L.P. bought a new position in shares of CAI International during the 2nd quarter valued at approximately $248,000. Institutional investors own 69.10% of the company’s stock.

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CAI International Company Profile

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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