Ultrapetrol Bahamas Ltd Upgraded by Zacks to “Outperform” (ULTR)
Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, ARN reports. The firm currently has a $4.00 target price on the stock. Zacks‘ price target suggests a potential upside of 9.89% from the company’s current price.
Shares of Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) traded down 4.12% on Thursday, hitting $3.49. 43,308 shares of the company’s stock traded hands. Ultrapetrol Bahamas Ltd has a 52-week low of $1.25 and a 52-week high of $3.76. The stock’s 50-day moving average is $3.49 and its 200-day moving average is $2.91. The company’s market cap is $490.1 million.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. Analysts at Jefferies Group reiterated a “buy” rating on shares of Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) in a research note to investors on Thursday, August 15th. They now have a $4.00 price target on the stock, up previously from $3.50.
Ultrapetrol (NASDAQ:ULTR) Limited is an industrial shipping company serving the marine transportation needs of clients in the geographic markets.
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