SunTrust Robinson Believes Cai International (NYSE: CAI) Won’t Stop Here

By Ryan Adsit

SunTrust Robinson analyst Douglas Mewhirter reiterated a Buy rating on Cai International (NYSE: CAI) today and set a price target of $40. The company’s shares closed yesterday at $31.38, close to its 52-week high of $32.40.

According to, Mewhirter is a top 100 analyst with an average return of 28.2% and a 92.0% success rate. Mewhirter covers the Financial sector, focusing on stocks such as Compass Diversified Holdings, Pennantpark Investment Corp, and Pennantpark Floating Rate.

Cai International has an analyst consensus of Moderate Buy, with a price target consensus of $35.

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.