CAI International (NYSE:CAI) Cut to “Sell” at ValuEngine

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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.

A number of hedge funds have recently made changes to their positions in CAI. Rhumbline Advisers boosted its stake in CAI International by 7.2% during the third quarter. Rhumbline Advisers now owns 32,895 shares of the transportation company’s stock worth $716,000 after buying an additional 2,219 shares during the period. James Investment Research Inc. boosted its stake in CAI International by 6.3% during the third quarter. James Investment Research Inc. now owns 26,035 shares of the transportation company’s stock worth $567,000 after buying an additional 1,550 shares during the period. California Public Employees Retirement System boosted its stake in CAI International by 10.6% during the third quarter. California Public Employees Retirement System now owns 72,724 shares of the transportation company’s stock worth $1,583,000 after buying an additional 6,973 shares during the period. Russell Investments Group Ltd. purchased a new position in CAI International during the third quarter worth about $138,000. Finally, Donald Smith & CO. Inc. purchased a new position in CAI International during the third quarter worth about $1,081,000. 89.41% of the stock is owned by institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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