Favorable News Coverage Somewhat Unlikely to Impact CAI International (CAI) Share Price
News coverage about CAI International (NYSE:CAI) has trended positive on Wednesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CAI International earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 44.833412975201 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Cowen and Company Reiterates Hold Rating for CAI International, Inc. (CAI) (americanbankingnews.com)
- CAI International, Inc. (CAI) Upgraded by ValuEngine to Buy (americanbankingnews.com)
- Simpson Sells 4937 Shares of Seattle Genetics, Inc. (SGEN) Stock (igeeksmagz.com)
- Cautivo Announces Completion of $10 Million Rights Offering (finance.yahoo.com)
- CAI International, Inc. (NYSE:CAI) Stock Closed 15.4% Above Its 50 Day Moving Average (highlightpress.com)
Shares of CAI International (NYSE CAI) traded down 1.49% on Wednesday, hitting $29.84. 63,231 shares of the company traded hands. CAI International has a 1-year low of $6.75 and a 1-year high of $31.61. The stock has a market capitalization of $572.03 million, a price-to-earnings ratio of 43.56 and a beta of 2.20. The firm’s 50 day moving average price is $27.87 and its 200-day moving average price is $21.21.
CAI International (NYSE:CAI) last released its earnings results on Wednesday, July 26th. The transportation company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. CAI International had a return on equity of 4.13% and a net margin of 4.14%. The business had revenue of $82.69 million for the quarter, compared to analyst estimates of $85.18 million. During the same quarter last year, the firm posted $0.19 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts expect that CAI International will post $2.33 earnings per share for the current year.
Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 target price on shares of CAI International in a research note on Friday, July 14th. Cowen and Company lifted their target price on shares of CAI International from $23.00 to $28.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. TheStreet raised shares of CAI International from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th. Finally, ValuEngine raised shares of CAI International from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.75.
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About CAI International
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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