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CAI International, Inc. (CAI) operates as transportation finance and logistics company in the United States and internationally.
The company operates through three segments: Container Leasing, Rail Leasing, and Logistics.
It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment. The company leases its container equipment to lessees under long-term, short-term, and finance leases. It also sells containers; and provides container management services to third-party investors, as well as sells used containers.
In addition, the company leases railcars consisting of box cars for paper and forest products; covered hoppers for grain, cement, sand, plastic pallets, and other industrial products; general purpose tank cars that are used to transport food-grade and other non-hazardous commodities; gondolas for coal and steel; and general service flat cars.
Further, it offers domestic and international logistics services, including intermodal, truck brokerage, port drayage, warehousing, international ocean freight, and freight forwarding, as well as the arrangement and coordination of international air freight services and customs brokerage; international export and import services for full container loads, less than container loads, perishable cargo, project cargo, and airfreight; and transportation management services and technology solutions, including shipment optimization, load consolidation, mode selection, carrier management, load planning and execution, and Web-based shipment visibility.
As of December 31, 2016, the company had a container fleet comprised 1,160,336 cost equivalent units; and an owned fleet of 6,459 railcars in North America.
Shares have formed a bullish "flag" following the company's recent earnings reports. Shares have eased back to their 50-day moving average. Higher share prices are expected for this stock.
52-Weeks Trading Range: $8.41 - $40.11
Entry Point: $33.40
Stop Loss: $31.60
Target Price: $36.75
CAI closed at $30.08
