Somewhat Positive Press Coverage Somewhat Unlikely to Impact CAI International (CAI) Share Price
Media headlines about CAI International (NYSE:CAI) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CAI International earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the transportation company an impact score of 44.497866127151 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Head to Head Contrast: CAI International (CAI) vs. Seanergy Maritime (SHIP) (americanbankingnews.com)
- Seanergy Maritime (SHIP) vs. CAI International (CAI) Critical Comparison (americanbankingnews.com)
- Zacks: Brokerages Expect CAI International Inc (CAI) Will Announce Quarterly Sales of $96.68 Million (americanbankingnews.com)
- Zacks: Brokerages Anticipate CAI International Inc (CAI) Will Announce Earnings of $0.85 Per Share (americanbankingnews.com)
- Zacks Investment Research Downgrades CAI International (CAI) to Hold (americanbankingnews.com)
CAI International (NYSE CAI) opened at $28.32 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.91. The stock has a market cap of $545.67, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.34 and a beta of 2.26. CAI International has a 52-week low of $8.50 and a 52-week high of $40.11.
A number of brokerages have issued reports on CAI. SunTrust Banks restated a “buy” rating and set a $40.00 target price on shares of CAI International in a research report on Friday, October 20th. ValuEngine cut shares of CAI International from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Wells Fargo & Co lifted their target price on shares of CAI International from $26.00 to $32.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of CAI International from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Thursday, October 19th. Finally, Cowen restated a “hold” rating and set a $34.00 target price on shares of CAI International in a research report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $35.80.
In other news, VP Camille Cutino sold 23,386 shares of CAI International stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $37.18, for a total transaction of $869,491.48. Following the completion of the sale, the vice president now directly owns 71,640 shares in the company, valued at $2,663,575.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Timothy B. Page sold 10,184 shares of CAI International stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $33.06, for a total transaction of $336,683.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,111 shares of company stock valued at $4,403,869. Insiders own 24.50% of the company’s stock.
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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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