CAI International Inc. (CAI) Sees Strong Trading Volume
CAI International Inc. (NYSE:CAI) saw an uptick in trading volume on Tuesday . 95,618 shares were traded during mid-day trading, an increase of 38% from the previous session’s volume of 69,243 shares.The stock last traded at $8.87 and had previously closed at $8.96.
Several brokerages have commented on CAI. Zacks Investment Research cut shares of CAI International from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 5th. Cowen and Company reissued a “market perform” rating and issued a $10.00 price target (up previously from $6.00) on shares of CAI International in a research report on Wednesday, May 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.25.
The stock has a market capitalization of $171.15 million and a price-to-earnings ratio of 8.94. The stock has a 50 day moving average of $8.05 and a 200-day moving average of $8.05.
CAI International (NYSE:CAI) last released its earnings results on Tuesday, May 3rd. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.09. The firm earned $67 million during the quarter, compared to the consensus estimate of $66.30 million. During the same period in the previous year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. Equities analysts anticipate that CAI International Inc. will post $1.59 earnings per share for the current year.
CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, which it leases primarily to container shipping lines, freight forwarders and other transportation companies. The Company operates through three segments: container leasing, rail leasing and logistics.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.