CAI International (CAI) Getting Somewhat Positive Media Coverage, Report Finds
News coverage about CAI International (NYSE:CAI) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CAI International earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 46.3552208047531 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Group taps Changi operator for airport plan (business.inquirer.net)
- FY2020 Earnings Estimate for CAI International Inc (CAI) Issued By William Blair (americanbankingnews.com)
- William Blair Reaffirms “Outperform” Rating for CAI International (CAI) (americanbankingnews.com)
- CAI International (CAI) Scheduled to Post Quarterly Earnings on Monday (americanbankingnews.com)
A number of research analysts have recently issued reports on CAI shares. ValuEngine lowered shares of CAI International from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of CAI International from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Thursday, October 19th. Wells Fargo & Co upped 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. William Blair restated an “outperform” rating on shares of CAI International in a research report on Tuesday, February 6th. Finally, Cowen upgraded shares of CAI International from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $34.00 to $46.00 in a research report on Monday, October 23rd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. CAI International currently has an average rating of “Buy” and an average price target of $35.60.
In other CAI International news, Director David G. Remington sold 11,600 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $32.63, for a total transaction of $378,508.00. Following the transaction, the director now directly owns 4,581 shares in the company, valued at $149,478.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Timothy B. Page sold 10,184 shares of the company’s 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. Insiders have sold 25,824 shares of company stock worth $847,218 over the last 90 days. 24.50% of the stock is currently owned by company insiders.
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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