Somewhat Positive News Coverage Somewhat Unlikely to Affect CAI International (CAI) Share Price

Media headlines about CAI International (NYSE:CAI) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CAI International earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 45.2861815531531 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

CAI International (NYSE:CAI) traded down $0.92 during trading hours on Wednesday, reaching $29.42. 300,500 shares of the company were exchanged, compared to its average volume of 214,810. CAI International has a 52 week low of $11.70 and a 52 week high of $40.11. The stock has a market capitalization of $566.87, a price-to-earnings ratio of 15.90, a PEG ratio of 1.01 and a beta of 2.26. 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 announced its earnings results on Thursday, October 19th. The transportation company reported $0.90 EPS for the quarter, topping 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 net margin of 10.93% and a return on equity of 7.11%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. sell-side analysts predict that CAI International will post 2.64 EPS for the current fiscal year.

A number of analysts recently weighed in on CAI shares. Zacks Investment Research lowered shares of CAI International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Cowen reaffirmed a “hold” rating and issued a $28.00 price objective on shares of CAI International in a research note on Wednesday, October 4th. SunTrust Banks reaffirmed a “buy” rating and issued a $40.00 price objective on shares of CAI International in a research note on Friday, October 20th. Wells Fargo & Co upped their price objective on shares of CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Finally, William Blair reaffirmed an “outperform” rating on shares of CAI International in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.60.

In other CAI International news, Director David G. Remington sold 11,600 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $32.63, for a total value of $378,508.00. Following the completion of the transaction, the director now directly owns 4,581 shares in the company, valued at $149,478.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David G. Remington sold 11,724 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $37.50, for a total transaction of $439,650.00. Following the completion of the transaction, the director now owns 13,041 shares of the company’s stock, valued at $489,037.50. The disclosure for this sale can be found here. Insiders sold 123,111 shares of company stock valued at $4,403,869 over the last quarter. 24.50% of the stock is currently owned by corporate insiders.

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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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