CAI International Inc. (NYSE:CAI) rose 2.3% during trading on Wednesday . The stock traded as high as $8.17 and last traded at $8.02, with a volume of 63,697 shares traded. The stock had previously closed at $7.84.

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

The stock has a 50-day moving average of $8.37 and a 200-day moving average of $8.23. The stock has a market capitalization of $152.47 million and a PE ratio of 14.02.

CAI International (NYSE:CAI) last released its earnings results on Monday, August 8th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.18. The firm earned $71.60 million during the quarter, compared to analysts’ expectations of $69.53 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The business’s revenue was up 20.5% on a year-over-year basis. Equities research analysts forecast that CAI International Inc. will post $1.14 earnings per share for the current 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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