CAI International (NYSE:CAI) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
Other equities research analysts have also recently issued reports about the company. Wells Fargo & Co cut CAI International from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research note on Friday, September 28th. Cowen reduced their target price on CAI International from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 31st. Finally, Zacks Investment Research downgraded CAI International from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $29.50.
CAI stock opened at $24.94 on Wednesday. CAI International has a twelve month low of $19.35 and a twelve month high of $31.71. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market cap of $463.54 million, a PE ratio of 8.69, a P/E/G ratio of 0.71 and a beta of 1.99.
CAI International (NYSE:CAI) last issued its earnings results on Tuesday, October 30th. The transportation company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.06. CAI International had a return on equity of 13.05% and a net margin of 22.90%. The business had revenue of $115.40 million during the quarter, compared to analysts’ expectations of $112.40 million. During the same period in the prior year, the business earned $0.90 EPS. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. As a group, equities analysts forecast that CAI International will post 3.85 earnings per share for the current fiscal year.
CAI International declared that its board has initiated a stock repurchase program on Monday, October 8th that authorizes the company to buyback 3,000,000 outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
A number of large investors have recently added to or reduced their stakes in CAI. BlackRock Inc. lifted its position in shares of CAI International by 3.4% during the third quarter. BlackRock Inc. now owns 1,217,652 shares of the transportation company’s stock worth $27,847,000 after purchasing an additional 40,175 shares in the last quarter. Royce & Associates LP boosted its holdings in CAI International by 5.2% during the third quarter. Royce & Associates LP now owns 592,708 shares of the transportation company’s stock worth $13,555,000 after purchasing an additional 29,300 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new stake in CAI International in the third quarter valued at $12,827,000. Aristotle Capital Boston LLC lifted its stake in shares of CAI International by 17.7% during the 3rd quarter. Aristotle Capital Boston LLC now owns 499,458 shares of the transportation company’s stock worth $11,423,000 after buying an additional 75,277 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. lifted its stake in shares of CAI International by 11.7% during the 3rd quarter. Eagle Boston Investment Management Inc. now owns 431,398 shares of the transportation company’s stock worth $9,866,000 after buying an additional 45,243 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.
CAI International Company Profile
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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