CAI International Inc (CAI) was Reiterated by Cowen to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 10 from a previous price target of $6 . Cowen advised their investors in a research report released on May 4, 2016.
Many Wall Street Analysts have commented on CAI International Inc. Shares were Reiterated by Cowen on Feb 17, 2016 to “Market Perform” and Lowered the Price Target to $ 6 from a previous price target of $8 .
On the company’s financial health, CAI International Inc reported $0.36 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.45. The company had revenue of $67.00 million for the quarter, compared to analysts expectations of $66.26 million. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.
CAI International Inc. is a transportation finance and logistics company. The Company purchases equipment which it leases primarily to container shipping lines freight forwarders and other transportation companies. The Company operates primarily in the intermodal freight container leasing industry. It also manages equipment for third-party investors. In operating the Company’s fleet it leases re-leases and disposes equipment and contract for the repair repositioning and storage of equipment. Its equipment fleet consists primarily of intermodal marine containers. The Company leases its container equipment to lessees under long-term leases short-term leases and finance leases. The Company also operates a fleet of railcars that are used to transport industrial goods materials and other products on railroad tracks throughout North America.