Universal Truckload Services Downgraded by Zacks to Neutral (UACL)
Universal Truckload Services (NASDAQ:UACL) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Tuesday, Analyst Ratings Network reports. They currently have a $30.10 price objective on the stock. Zacks‘ target price suggests a potential upside of 12.90% from the company’s current price.
Shares of Universal Truckload Services (NASDAQ:UACL) traded up 0.64% on Tuesday, hitting $26.83. 8,317 shares of the company’s stock traded hands. Universal Truckload Services has a 52-week low of $14.46 and a 52-week high of $29.99. The stock’s 50-day moving average is $26.54 and its 200-day moving average is $25.12. The company has a market cap of $806.3 million and a P/E ratio of 15.68.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Universal Truckload Services (NASDAQ:UACL) in a research note to investors on Thursday, September 5th. They set a “buy” rating on the stock. Separately, analysts at Wolfe Research upgraded shares of Universal Truckload Services (NASDAQ:UACL) from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, August 19th. Finally, analysts at Stifel Nicolaus raised their price target on shares of Universal Truckload Services (NASDAQ:UACL) from $30.00 to $32.00 in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $31.05.
Universal Truckload Services, Inc is engaged in providing transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec.
To view Zacks’ full report, visit www.zacks.com
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