Skip to main content

Market Overview

UPDATE: Dahlman Rose Raises PT on CAI International on Strong Fundamentals

Share:

In a report published Friday, Dahlman Rose reiterated its Buy rating on CAI International (NYSE: CAP), and raised its price target from $28.00 to $35.50.

Dahlman Rose noted, “We are reiterating our Buy rating and raising our price target on the common shares of CAI International to reflect continued strong fundamentals. The company issued new equity in December 2012 at $19/share, raising $50 million to be used to acquire containers in 2013. At current prices, the shares are up more than 47% from that level, and are up by more than 20% since the end of January. We believe these shares can sell at 10x forward EPS estimates, or $35.50/share. This is still a 60% discount to the current market multiple of 17.6x S&P earnings.”

CAI International closed on Thursday at $28.44.

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

 

Related Articles (CAP)

View Comments and Join the Discussion!

Posted-In: Dahlman RoseAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
NETIJefferiesMaintains22.0
ATUSB of A SecuritiesDowngrades38.0
CNIVertical ResearchUpgrades
LINVertical ResearchUpgrades330.0
SITEBerenbergUpgrades207.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com