CAI International, Inc. (NYSE:CAI) Price Target Increased to $28.00 by Analysts at Cowen and Company

CAI International, Inc. (NYSE:CAI) had its price objective lifted by Cowen and Company from $23.00 to $28.00 in a report released on Thursday morning. They currently have a market perform rating on the transportation company’s stock.

Other analysts have also issued research reports about the stock. SunTrust Banks, Inc. reaffirmed a buy rating and set a $24.00 price objective (up previously from $20.00) on shares of CAI International in a report on Sunday, April 23rd. Zacks Investment Research lowered shares of CAI International from a strong-buy rating to a hold rating in a report on Tuesday, April 18th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $26.00 price objective on shares of CAI International in a report on Friday, July 14th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $24.75.

Shares of CAI International (CAI) traded up 0.11% during trading on Thursday, hitting $27.03. The stock had a trading volume of 396,105 shares. The stock’s 50-day moving average price is $23.90 and its 200 day moving average price is $18.51. CAI International has a one year low of $6.75 and a one year high of $29.11. The stock has a market cap of $514.71 million, a price-to-earnings ratio of 128.10 and a beta of 2.20.

CAI International (NYSE:CAI) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.09. The company had revenue of $82.69 million during the quarter, compared to analyst estimates of $85.18 million. CAI International had a net margin of 1.41% and a return on equity of 2.95%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. On average, equities analysts forecast that CAI International will post $2.33 EPS for the current year.

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Several hedge funds have recently bought and sold shares of CAI. American International Group Inc. raised its stake in CAI International by 7.1% in the first quarter. American International Group Inc. now owns 9,650 shares of the transportation company’s stock valued at $152,000 after buying an additional 637 shares during the last quarter. Citadel Advisors LLC raised its stake in CAI International by 4.0% in the first quarter. Citadel Advisors LLC now owns 10,898 shares of the transportation company’s stock valued at $172,000 after buying an additional 421 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in CAI International during the first quarter valued at $184,000. Cutler Group LP raised its stake in CAI International by 264.2% in the first quarter. Cutler Group LP now owns 12,999 shares of the transportation company’s stock valued at $204,000 after buying an additional 9,430 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in CAI International by 18.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,425 shares of the transportation company’s stock valued at $211,000 after buying an additional 2,130 shares during the last quarter. 58.46% of the stock is owned by institutional investors.

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.