CAI International Price Target Raised to $35.50 at Dahlman Rose (CAP)
Investment analysts at Dahlman Rose boosted their target price on shares of CAI International (NYSE: CAP) from $28.00 to $35.50 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock.
Shares of CAI International opened at 28.44 on Friday. CAI International has a one year low of $17.01 and a one year high of $28.67. The stock’s 50-day moving average is currently $25.81. The company has a market cap of $627.2 million and a P/E ratio of 8.94.
CAI International last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.85 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.85. The company had revenue of $49.85 million for the quarter, compared to the consensus estimate of $49.89 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 37.6% on a year-over-year basis. On average, analysts predict that CAI International will post $3.61 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CAP. Analysts at FBR Capital raised their price target on shares of CAI International from $33.00 to $38.00 in a research note to investors on Friday, February 15th. They now have an “outperform” rating on the stock. Separately, analysts at KBW raised their price target on shares of CAI International from $27.00 to $30.00 in a research note to investors on Thursday, February 14th. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of CAI International from $25.00 to $30.00 in a research note to investors on Thursday, February 14th. They now have a “buy” rating on the stock.
CAI International, Inc. is a container leasing and management company operating through two business segments: container leasing and container management.
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