CAI International (NYSE:CAI) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, ValuEngine reports.
Several other equities research analysts have also recently issued reports on CAI. Cowen cut shares of CAI International from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. Zacks Investment Research cut shares of CAI International from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $28.00.
CAI International stock traded down $0.24 during midday trading on Friday, hitting $28.43. 55,400 shares of the stock were exchanged, compared to its average volume of 73,363. CAI International has a fifty-two week low of $17.87 and a fifty-two week high of $29.57. The stock has a market capitalization of $494.37 million, a price-to-earnings ratio of 16.15 and a beta of 1.75. The stock’s 50-day simple moving average is $28.43 and its 200 day simple moving average is $24.47. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.13.
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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