CAI International (NYSE:CAI) Stock Rating Lowered by ValuEngine

CAI International (NYSE:CAI) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research cut shares of CAI International from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.00.

CAI traded down $0.33 during trading on Thursday, hitting $22.47. 99,800 shares of the stock traded hands, compared to its average volume of 166,495. CAI International has a twelve month low of $19.58 and a twelve month high of $27.43. The firm has a market cap of $408.38 million, a P/E ratio of 6.17 and a beta of 1.72. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.54 and a current ratio of 0.54. The business’s 50 day moving average is $23.72.

CAI International (NYSE:CAI) last announced its quarterly earnings data on Tuesday, April 30th. The transportation company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). CAI International had a net margin of 17.48% and a return on equity of 13.01%. The firm had revenue of $111.10 million for the quarter, compared to analyst estimates of $115.96 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, analysts forecast that CAI International will post 3.69 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of CAI. Aperio Group LLC raised its position in CAI International by 136.0% in the 2nd quarter. Aperio Group LLC now owns 24,107 shares of the transportation company’s stock worth $598,000 after purchasing an additional 13,891 shares during the period. Virginia Retirement Systems ET AL bought a new stake in CAI International in the 2nd quarter worth $226,000. Strs Ohio grew its holdings in CAI International by 33.7% in the 2nd quarter. Strs Ohio now owns 26,200 shares of the transportation company’s stock worth $650,000 after acquiring an additional 6,600 shares during the last quarter. James Investment Research Inc. grew its holdings in CAI International by 4.5% in the 2nd quarter. James Investment Research Inc. now owns 24,485 shares of the transportation company’s stock worth $608,000 after acquiring an additional 1,065 shares during the last quarter. Finally, Weiss Asset Management LP grew its holdings in CAI International by 1.1% in the 1st quarter. Weiss Asset Management LP now owns 414,815 shares of the transportation company’s stock worth $9,624,000 after acquiring an additional 4,486 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

About CAI International

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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