Several other brokerages have also recently commented on CAI. Wells Fargo & Co reiterated a sell rating on shares of CAI International in a research note on Monday, October 21st. Cowen lowered shares of CAI International from an outperform rating to a market perform rating in a research report on Tuesday, November 5th. Finally, Zacks Investment Research cut shares of CAI International from a buy rating to a hold rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. CAI International has an average rating of Hold and an average target price of $28.00.
Shares of NYSE:CAI traded up $0.10 on Monday, reaching $28.73. 3,343 shares of the company were exchanged, compared to its average volume of 77,214. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.13. CAI International has a 1-year low of $17.87 and a 1-year high of $29.57. The firm has a market cap of $498.67 million, a price-to-earnings ratio of 16.40 and a beta of 1.75. The company has a 50-day moving average of $28.48 and a 200-day moving average of $24.27.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAI. Tower Research Capital LLC TRC grew its holdings in CAI International by 60.6% in the third quarter. Tower Research Capital LLC TRC now owns 1,429 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 539 shares during the last quarter. Bank of Montreal Can increased its position in shares of CAI International by 69.6% in the fourth quarter. Bank of Montreal Can now owns 2,444 shares of the transportation company’s stock valued at $71,000 after buying an additional 1,003 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of CAI International in the fourth quarter valued at $29,000. Charles Schwab Investment Management Inc. raised its stake in shares of CAI International by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 98,666 shares of the transportation company’s stock worth $2,860,000 after buying an additional 1,408 shares during the last quarter. Finally, James Investment Research Inc. raised its stake in shares of CAI International by 6.3% during the 3rd quarter. James Investment Research Inc. now owns 26,035 shares of the transportation company’s stock worth $567,000 after buying an additional 1,550 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.
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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