Zacks Investment Research upgraded shares of CAI International (NYSE:CAI) from a hold rating to a buy rating in a report issued on Tuesday morning. Zacks Investment Research currently has $34.00 target price on the transportation company’s stock.

According to Zacks, “CAI INTERNATIONAL, INC. is one of the world’s leading intermodal freight container leasing and management companies. Intermodal freight containers are large, standardized steel boxes, which CAI leases primarily to international steamship companies, and are used to transport cargo by a number of means, including ship, truck and rail. A portion of the container fleet is owned by CAI with the balance being owned by third parties on whose behalf CAI manages the containers. Accordingly, CAI operates its business through two segments: container leasing and container fleet management. Through its international network of offices and agents CAI also has developed an active after-market program for containers retired from the international shipping fleet. “

Several other equities research analysts have also issued reports on CAI. William Blair reissued an outperform rating on shares of CAI International in a research note on Friday, October 20th. Cowen raised CAI International from a market perform rating to an outperform rating and lifted their price objective for the company from $34.00 to $46.00 in a research note on Monday, October 23rd. Wells Fargo & Co lifted their price objective on CAI International from $26.00 to $32.00 and gave the company a market perform rating in a research note on Friday, October 20th. ValuEngine lowered CAI International from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Finally, SunTrust Banks reissued a buy rating and set a $40.00 price objective on shares of CAI International in a research note on Friday, October 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $35.60.

Shares of CAI International (NYSE CAI) opened at $29.98 on Tuesday. The stock has a market capitalization of $565.13, a price-to-earnings ratio of 16.12, a P/E/G ratio of 0.97 and a beta of 2.26. CAI International has a 52 week low of $13.33 and a 52 week high of $40.11. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.39 and a current ratio of 0.39.

CAI International (NYSE:CAI) last posted its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.20. The company had revenue of $90.16 million during the quarter, compared to analyst estimates of $89.43 million. CAI International had a return on equity of 7.11% and a net margin of 10.93%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. equities analysts expect that CAI International will post 2.62 EPS for the current fiscal year.

In other CAI International news, VP Camille Cutino sold 23,386 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $37.18, for a total transaction of $869,491.48. Following the sale, the vice president now owns 71,640 shares in the company, valued at $2,663,575.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Victor Garcia sold 41,407 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $36.10, for a total value of $1,494,792.70. Following the sale, the insider now owns 68,307 shares in the company, valued at approximately $2,465,882.70. The disclosure for this sale can be found here. Insiders have sold 123,111 shares of company stock worth $4,403,869 in the last 90 days. Company insiders own 24.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new stake in CAI International during the third quarter valued at about $770,000. 361 Capital LLC purchased a new stake in CAI International during the second quarter valued at about $413,000. Chicago Equity Partners LLC raised its position in CAI International by 57.0% during the third quarter. Chicago Equity Partners LLC now owns 61,535 shares of the transportation company’s stock valued at $1,866,000 after purchasing an additional 22,350 shares in the last quarter. Vanguard Group Inc. raised its position in CAI International by 3.8% during the second quarter. Vanguard Group Inc. now owns 680,462 shares of the transportation company’s stock valued at $16,059,000 after purchasing an additional 25,180 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in CAI International during the second quarter valued at about $281,000. Institutional investors and hedge funds own 69.10% of the company’s stock.

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CAI International Company Profile

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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