CAI International Inc (NYSE:CAI) – William Blair issued their FY2020 EPS estimates for shares of CAI International in a research report issued on Tuesday. William Blair analyst R. Napoli forecasts that the transportation company will post earnings of $4.84 per share for the year. William Blair currently has a “Outperform” rating on the stock.

A number of other analysts also recently weighed in on the stock. ValuEngine raised shares of CAI International from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut CAI International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Cowen upgraded CAI International from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $46.00 in a research note on Monday, October 23rd. Wells Fargo & Co raised their price objective on CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Finally, SunTrust Banks restated a “buy” rating and set a $40.00 price objective on shares of CAI International in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. CAI International presently has a consensus rating of “Buy” and a consensus price target of $35.60.

CAI International (NYSE CAI) traded down $0.47 during mid-day trading on Wednesday, hitting $23.23. 446,177 shares of the stock were exchanged, compared to its average volume of 274,185. CAI International has a twelve month low of $13.57 and a twelve month high of $40.11. The company has a debt-to-equity ratio of 2.91, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $458.39, a P/E ratio of 11.84, a P/E/G ratio of 0.82 and a beta of 2.11.

In other CAI International news, Director David G. Remington sold 4,040 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $32.68, for a total value of $132,027.20. Following the sale, the director now directly owns 4,581 shares in the company, valued at $149,707.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Timothy B. Page sold 10,184 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $33.06, for a total value of $336,683.04. The disclosure for this sale can be found here. Insiders have sold 25,824 shares of company stock worth $847,218 over the last 90 days. 24.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of CAI. Bank of New York Mellon Corp lifted its stake in CAI International by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 60,656 shares of the transportation company’s stock valued at $1,432,000 after buying an additional 3,232 shares during the last quarter. Wells Fargo & Company MN lifted its stake in CAI International by 105.5% in the second quarter. Wells Fargo & Company MN now owns 106,614 shares of the transportation company’s stock valued at $2,516,000 after buying an additional 54,734 shares during the last quarter. Alliancebernstein L.P. bought a new stake in CAI International in the second quarter valued at $248,000. TIAA CREF Investment Management LLC lifted its stake in CAI International by 80.2% in the second quarter. TIAA CREF Investment Management LLC now owns 141,547 shares of the transportation company’s stock valued at $3,341,000 after buying an additional 62,988 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its stake in CAI International by 23.0% in the second quarter. Nationwide Fund Advisors now owns 17,088 shares of the transportation company’s stock valued at $403,000 after buying an additional 3,200 shares during the last quarter. Institutional investors own 68.93% of the company’s stock.

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CAI International Company Profile

CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its customers, and also manages equipment for third-party investors. The Company operates through three segments: container leasing, rail leasing and logistics.

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