CAI International, Inc. (NYSE:CAI) - Equities research analysts at SunTrust Banks raised their Q3 2017 earnings estimates for shares of CAI International in a report released on Thursday. SunTrust Banks analyst D. Mewhirter now forecasts that the transportation company will post earnings of $0.76 per share for the quarter, up from their previous forecast of $0.72. SunTrust Banks has a “Buy” rating and a $24.00 price objective on the stock. SunTrust Banks also issued estimates for CAI International’s Q4 2017 earnings at $0.67 EPS, FY2017 earnings at $2.35 EPS, Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.78 EPS and Q4 2018 earnings at $0.74 EPS.
A number of other brokerages have also recently issued reports on CAI. Zacks Investment Research cut shares of CAI International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 18th. ValuEngine raised shares of CAI International from a “hold” rating to a “buy” rating in a research report on Friday. Cowen and Company increased their price target on shares of CAI International from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Friday, April 21st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $26.00 price target on shares of CAI International in a research report on Friday, July 14th. Finally, TheStreet raised shares of CAI International from a “d+” rating to a “c” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. CAI International currently has an average rating of “Buy” and an average target price of $24.75.
CAI International (NYSE CAI) opened at 27.03 on Friday. The company has a market cap of $517.11 million, a P/E ratio of 39.46 and a beta of 2.20. CAI International has a 52 week low of $6.75 and a 52 week high of $29.11. The company’s 50-day moving average is $23.90 and its 200-day moving average is $18.51.
CAI International (NYSE:CAI) last announced its earnings results on Wednesday, July 26th. The transportation company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. CAI International had a net margin of 4.14% and a return on equity of 4.17%. The business had revenue of $82.69 million during the quarter, compared to the consensus estimate of $85.18 million. During the same quarter last year, the firm earned $0.19 earnings per share. CAI International’s quarterly revenue was up 15.4% on a year-over-year basis.
A number of large investors have recently made changes to their positions in the stock. American International Group Inc. boosted its stake in shares of 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 boosted its stake in shares of 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 shares of CAI International during the first quarter valued at $184,000. Cutler Group LP boosted its stake in shares of 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 boosted its stake in shares of 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 and hedge funds.
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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