CAI International (CAI) Lowered to “Sell” at ValuEngine

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CAI International (NYSE:CAI) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday, ValuEngine reports.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded CAI International from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Keefe, Bruyette & Woods downgraded CAI International from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $34.00 to $29.00 in a report on Thursday, February 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. CAI International currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Shares of CAI International stock opened at $23.59 on Wednesday. The company has a market capitalization of $425.66 million, a price-to-earnings ratio of 6.48 and a beta of 1.74. CAI International has a 52 week low of $19.58 and a 52 week high of $27.43. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.52 and a current ratio of 0.52.

CAI International (NYSE:CAI) last announced its quarterly earnings results on Tuesday, April 30th. The transportation company reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.06). The company had revenue of $111.10 million during the quarter, compared to analysts’ expectations of $115.96 million. CAI International had a net margin of 17.48% and a return on equity of 13.08%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. Analysts anticipate that CAI International will post 4 EPS for the current fiscal year.

In other news, Director Gary Sawka sold 10,000 shares of the stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $23.23, for a total value of $232,300.00. Following the completion of the sale, the director now directly owns 16,757 shares of the company’s stock, valued at $389,265.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor Garcia acquired 10,608 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was purchased at an average cost of $22.24 per share, with a total value of $235,921.92. The disclosure for this purchase can be found here. 8.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of CAI. Legal & General Group Plc lifted its holdings in shares of CAI International by 32.3% during the fourth quarter. Legal & General Group Plc now owns 3,223 shares of the transportation company’s stock worth $75,000 after purchasing an additional 786 shares during the period. Millennium Management LLC lifted its holdings in shares of CAI International by 0.6% during the fourth quarter. Millennium Management LLC now owns 138,656 shares of the transportation company’s stock worth $3,221,000 after purchasing an additional 793 shares during the period. Citigroup Inc. lifted its holdings in shares of CAI International by 17.9% during the fourth quarter. Citigroup Inc. now owns 6,234 shares of the transportation company’s stock worth $145,000 after purchasing an additional 947 shares during the period. James Investment Research Inc. lifted its holdings in shares of CAI International by 5.4% during the first quarter. James Investment Research Inc. now owns 23,420 shares of the transportation company’s stock worth $543,000 after purchasing an additional 1,195 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of CAI International by 269.7% during the first quarter. BNP Paribas Arbitrage SA now owns 3,586 shares of the transportation company’s stock worth $83,000 after purchasing an additional 2,616 shares during the period. 89.75% of the stock is owned by institutional investors and hedge funds.

About CAI International

CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.

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