ValuEngine Lowers CAI International (NYSE:CAI) to Hold

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.

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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.



CAI International (NYSE:CAI) last posted its quarterly earnings results on Wednesday, February 14th. The transportation company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.17. The company had revenue of $94.03 million for the quarter, compared to the consensus estimate of $95.66 million. CAI International had a net margin of 20.68% and a return on equity of 11.21%. The firm’s revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.09) EPS. sell-side analysts forecast that CAI International will post 3.87 EPS for the current fiscal year.

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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Analyst Recommendations for CAI International (NYSE:CAI)

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