Cai International Receives a Rating Update from a Top Analyst

By Jason Carr

In a report released yesterday, Helane Becker from Cowen & Co. reiterated a Hold rating on Cai International (NYSE: CAI), with a price target of $34. The company’s shares opened today at $31.43, close to its 52-week high of $32.

According to TipRanks.com, Becker is a top 25 analyst with an average return of 24.5% and a 84.3% success rate. Becker covers the Services sector, focusing on stocks such as Allegiant Travel Company, Air Transport Services, and WestJet Airlines Ltd.

Cai International has an analyst consensus of Moderate Buy, with a price target consensus of $32.33.

Based on Cai International’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $82.69 million and quarterly net profit of $12.64 million. In comparison, last year the company earned revenue of $78.47 million and had a GAAP net loss of $5.42 million.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock.

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CAI International, Inc. is an intermodal freight container leasing and management company. The company operates through the following segments: Container Leasing, Rail Leasing and Logistics. The container leasing segment manages container portfolios on behalf of third party investors. The rail leasing segment deals with ownership and leasing of railcars.