CAI International (NYSE:CAI) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Monday, April 2nd.
A number of other research analysts also recently commented on CAI. Zacks Investment Research downgraded shares of CAI International from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. William Blair restated an “outperform” rating on shares of CAI International in a report on Tuesday, February 6th. Wells Fargo upgraded shares of CAI International from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Wednesday, February 14th. Finally, Cowen lowered their price target on shares of CAI International from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. CAI International has an average rating of “Buy” and a consensus target price of $33.20.
CAI stock traded down $0.21 during trading on Monday, hitting $21.45. The company had a trading volume of 225,021 shares, compared to its average volume of 333,315. The company has a market capitalization of $434.20, a PE ratio of 7.47, a P/E/G ratio of 0.68 and a beta of 2.22. CAI International has a 52-week low of $14.43 and a 52-week high of $40.11. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.54 and a quick ratio of 0.54.
In other CAI International news, major shareholder Ogawa Family Trust sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $21.58, for a total transaction of $26,975,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 24.50% of the company’s stock.
Several large investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its holdings in shares of CAI International by 2.2% during the 3rd quarter. California Public Employees Retirement System now owns 119,251 shares of the transportation company’s stock valued at $3,616,000 after purchasing an additional 2,551 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of CAI International by 4.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 65,712 shares of the transportation company’s stock valued at $1,861,000 after purchasing an additional 2,808 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CAI International by 5.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 63,750 shares of the transportation company’s stock valued at $1,933,000 after purchasing an additional 3,094 shares in the last quarter. C M Bidwell & Associates Ltd. increased its holdings in shares of CAI International by 167.1% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 7,560 shares of the transportation company’s stock valued at $214,000 after purchasing an additional 4,730 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of CAI International by 1.5% during the 3rd quarter. Royce & Associates LP now owns 330,162 shares of the transportation company’s stock valued at $10,011,000 after purchasing an additional 5,000 shares in the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.
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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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