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

A number of brokerages recently issued reports on CAI. Zacks Investment Research lowered shares of CAI International from a “hold” rating to a “strong sell” rating in a report on Thursday, May 5th. Cowen and Company reissued a “market perform” rating and issued a $10.00 price objective (up previously 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 given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.25.

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

CAI International (NYSE:CAI) last released its earnings results on Tuesday, May 3rd. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.09. The business earned $67 million during the quarter, compared to the consensus estimate of $66.30 million. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 earnings per share. On average, equities research analysts expect that CAI International Inc. will post $1.54 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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