Shares last traded at $24.00 barely above $21.22, the 50 day moving average and a tad above the 200 day moving average of $16.39. The 50 day moving average was up by +13.12% and the 200 day average moved up $7.61. (NYSE:CAI) shares saw heavy trading volume with 245K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 68.66% over the normal average daily volume.
Here are a few additional firms who have increased or decreased their stake in (CAI). Morgan Stanley trimmed its ownership by selling 25,306 shares a decrease of 55.3%. Morgan Stanley controls 20,420 shares valued at $321,000. The total value of its holdings decreased 18.9%. Park West Asset Management LLC downsized its holdings by shedding 194,329 shares a decrease of 19.9% as of 03/31/2017. Park West Asset Management LLC now holds 784,205 shares with a value of $12,343,000. The value of the position overall is up by 45.5%.
State Street Corp added to its position by buying 4,398 shares an increase of 1.6% in the quarter. State Street Corp owns 279,040 shares worth $4,390,000. The total value of its holdings increased 84.4%. As of quarter end D. E. Shaw & CO., Inc. had sold 15,900 shares trimming its holdings by 6.5%. The value of the investment in CAI International, Inc. increased from $2,111,000 to $3,583,000 a change of $1,472,000 for the reporting period.
On February 17 SunTrust Robinson Humphrey maintained a company rating of “Buy” and lowered the price target from $15.00 to $12.00. January 15 investment analysts at SunTrust Robinson Humphrey left the company rating at “Buy” and lowered the price expectation to $15.00 from $20.00.
Equity analyst Credit Suisse upgraded the stock and raised the price target on January 15 boosting the price target from $99.00 to $107.00 and raising the rating from “Neutral” to “Outperform”. On January 15 the company was upgraded to “Outperform” from “Neutral” with a current price target of $107.00 in an announcement from Credit Suisse.
On January 15, 2016 Keefe Bruyette & Woods added CAI to its research portfolio with an initial rating of “Market Perform” and a price target of $14.00. October 6 investment analysts at Keefe Bruyette & Woods made no change to the company rating of “Outperform” but moved down the price target from $22.00 to $14.00.
The company is so far trading up by 2.87% since yesterday’s close of $23.33. The company’s P/E ratio is 113.74 and the market cap is 457.01M. As of the last earnings report the EPS was $0.21 and is expected to be $1.89 for the current year with 19,042,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.58 with next year’s EPS projected to be $2.46.
CAI International, Inc., launched on January 30, 2007, 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. In operating the Business’s fleet, it leases, re-leases and disposes equipment and contracts for the repair, repositioning and storage of equipment. The Company also provides domestic and international logistics services..