Shares of CAI International Inc. (NYSE:CAI) traded up 3.2% during mid-day trading on Monday . The stock traded as high as $8.77 and last traded at $8.60, with a volume of 72,199 shares. The stock had previously closed at $8.33.

Several analysts have recently issued reports on the company. Cowen and Company reiterated a “market perform” rating and set a $10.00 price target (up previously from $6.00) on shares of CAI International in a research note on Wednesday, May 4th. Zacks Investment Research raised CAI International from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $34.25.

The firm has a 50-day moving average of $8.35 and a 200-day moving average of $8.17. The firm has a market capitalization of $166.89 million and a price-to-earnings ratio of 8.71.

CAI International (NYSE:CAI) last released its quarterly earnings results on Monday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.18. The business earned $71.60 million during the quarter, compared to analysts’ expectations of $69.53 million. During the same quarter last year, the company earned $0.60 earnings per share. CAI International’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities analysts forecast that CAI International Inc. will post $1.54 earnings per share for the current fiscal 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.

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