Shares of CAI International Inc. (NYSE:CAI) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $34.25.

Separately, Zacks Investment Research downgraded shares of CAI International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th.

A number of hedge funds have recently bought and sold shares of CAI. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in CAI International during the first quarter worth about $297,000. TIAA CREF Investment Management LLC acquired a new stake in CAI International during the first quarter worth about $169,000. Prudential Financial Inc. acquired a new stake in CAI International during the first quarter worth about $2,581,000. Mendon Capital Advisors Corp acquired a new stake in CAI International during the first quarter worth about $1,151,000. Finally, Algert Global LLC acquired a new stake in CAI International during the first quarter worth about $463,000. 61.82% of the stock is owned by institutional investors and hedge funds.

Shares of CAI International (NYSE:CAI) opened at 8.06 on Tuesday. The stock has a 50 day moving average of $8.06 and a 200-day moving average of $8.48. The firm has a market capitalization of $155.16 million, a PE ratio of 14.27 and a beta of 2.30. CAI International has a 52 week low of $4.83 and a 52 week high of $12.36.

CAI International (NYSE:CAI) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.18. The firm earned $71.60 million during the quarter, compared to analyst estimates of $69.53 million. CAI International had a net margin of 4.19% and a return on equity of 8.09%. The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities analysts anticipate that CAI International will post $1.12 earnings per share for the current fiscal year.

About CAI International

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.

5 Day Chart for NYSE:CAI

Receive News & Ratings for CAI International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAI International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.