Vitran Upgraded by Zacks to “Neutral” (VTNC)
Vitran (NASDAQ:VTNC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, StockRatingsNetwork.com reports. The firm currently has a $5.10 price target on the stock. Zacks‘ price objective indicates a potential upside of 3.24% from the stock’s previous close.
Shares of Vitran (NASDAQ:VTNC) traded up 3.04% on Tuesday, hitting $5.09. 301,411 shares of the company’s stock traded hands. Vitran has a one year low of $3.89 and a one year high of $7.73. The stock’s 50-day moving average is $4.57 and its 200-day moving average is $5.2. The company has a market cap of $83.6 million and a P/E ratio of 3.28.
Vitran (NASDAQ:VTNC) last posted its quarterly earnings results 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 in the prior year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was down 10.0% on a year-over-year basis. On average, analysts predict that Vitran will post $-3.12 earnings per share for the current fiscal year.
A number of other firms have also recently commented on VTNC. Analysts at TD Securities reiterated a “buy” rating on shares of Vitran (NASDAQ:VTNC) in a research note to investors on Tuesday, September 24th. They now have a $5.50 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.20.
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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