CAI International Inc. (NYSE:CAI) shares were down 4.2% during mid-day trading on Friday . The stock traded as low as $8.45 and last traded at $8.57, with a volume of 60,514 shares. The stock had previously closed at $8.95.

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

The firm’s 50-day moving average is $8.23 and its 200-day moving average is $8.08. The company has a market capitalization of $166.31 million and a PE ratio of 8.68.

CAI International (NYSE:CAI) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.09. During the same quarter in the previous year, the company earned $0.64 earnings per share. The company had revenue of $67 million for the quarter, compared to the consensus estimate of $66.30 million. CAI International’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 $1.58 EPS 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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