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UPDATE: Global Hunter Securities Initiates CAI International with Accumulate, $21 PT on Growth Outlook, Valuation

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Global Hunter Securities initiates its Buy rating on CAI International (NYSE: CAP) with a rating of Accumulate and a price target of $21.

Global Hunter Securities comments, "As one of several public container leasing companies, we believe that CAI International (CAP) represents the best opportunity in the group as it relates to current valuation, leverage ratio, fleet expansion and earnings growth. …We foresee an operating environment where CAI will be able to expand its company-owned fleet and subsequent earnings stream during a time when container leasing companies are likely to consolidate market share of the global shipping container fleet."

CAP closed at $17.23 on Wednesday.

Latest Ratings for CAP

DateFirmActionFromTo
Feb 2015Keefe Bruyette & WoodsMaintainsOutperform
Jan 2015FBR CapitalDowngradesOutperformMarket Perform
Oct 2014FBR CapitalMaintainsOutperform

View More Analyst Ratings for CAP
View the Latest Analyst Ratings

 

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Posted-In: Global Hunter SecuritiesAnalyst Color Price Target Initiation Intraday Update Analyst Ratings

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