Vitran Receives Buy Rating from TD Securities (VTNC)
Vitran (NASDAQ:VTNC)‘s stock had its “buy” rating reaffirmed by analysts at TD Securities in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Vitran (NASDAQ:VTNC) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 5th. They now have a $4.50 price target on the stock.
One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $6.25.
Vitran (NASDAQ:VTNC) opened at 4.09 on Tuesday. Vitran has a 52-week low of $3.89 and a 52-week high of $7.73. The stock’s 50-day moving average is $4.54 and its 200-day moving average is $5.26. The company has a market cap of $67.2 million and a P/E ratio of 2.72.
Vitran (NASDAQ:VTNC) last released its earnings data on Wednesday, July 31st. The company reported ($1.03) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.32) by $0.71. The company had revenue of $165.40 million for the quarter, compared to the consensus estimate of $181.20 million. During the same quarter last year, the company posted ($0.14) earnings per share. Vitran’s revenue was down 10.0% compared to the same quarter last year. Analysts expect that Vitran will post $-3.21 EPS for the current fiscal year.
Vitran Corporation Inc (NASDAQ:VTNC) is a provider of freight surface transportation and related supply chain services throughout Canada and in 29 states in the eastern, central, southwestern, and western United States.
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